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Michigan program

MI Home Loan

Michigan route through Michigan State Housing Development Authority (MSHDA). This page stays free for the core public facts. Open paid access only when you need the full state board, related paths, and the decision layer around this program.

Support details not yet classified Check official rules 2026-04-19
Agency Michigan State Housing Development Authority (MSHDA)
Support type Support details not yet classified
Amount highlight Statewide MSHDA first-mortgage backbone with optional MI 10K down payment assistance. Current state materials say the MI Home Loan sales-price limit is $544,233 after May 1, 2025 and that borrowers can pair the mortgage with the statewide MI 10K DPA Loan up to $10,000.
Last verified 2026-04-19

Open questions

Separate the mortgage from MI 10K

This page stays public because the official structure is still useful, but these details should not be flattened into fake certainty.

MI Home Loan is the statewide first-mortgage backbone. The MI 10K second-loan repayment terms sit on the separate MI 10K page.

Decision-ready public facts

What stays free on this program page

Quick answer from published facts. Use this first, then jump to Go to Michigan program hub if you need the wider state context.

Amount

Statewide MSHDA first-mortgage backbone with optional MI 10K down payment assistance. Current state materials say the MI Home Loan sales-price limit is $544,233 after May 1, 2025 and that borrowers can pair the mortgage with the statewide MI 10K DPA Loan up to $10,000.

Type

Support details not yet classified

State-backed first mortgage

Repayment

The public MI Home Loan page describes the core product as a first mortgage path. Standard repayment follows the underlying mortgage. If the borrower adds MI 10K DPA, that separate second-loan repayment schedule applies under the MI 10K rules rather than under this page alone.

First-time buyer

Not required

Program guide

What to know before you click through

This is still the free fact layer. Open the official source when a detail affects eligibility, repayment, lender choice, or whether this path should stay on your shortlist.

Who qualifies?

First-time homebuyers statewide who have not owned a home in the previous three years, Repeat homebuyers in MSHDA targeted areas, Borrowers meeting the current statewide sales-price and household-income limits, Homebuyers with a minimum credit score of 640

What support do you get?

Statewide MSHDA first-mortgage backbone with optional MI 10K down payment assistance. Current state materials say the MI Home Loan sales-price limit is $544,233 after May 1, 2025 and that borrowers can pair the mortgage with the statewide MI 10K DPA Loan up to $10,000.

Do you repay it?

The public MI Home Loan page describes the core product as a first mortgage path. Standard repayment follows the underlying mortgage. If the borrower adds MI 10K DPA, that separate second-loan repayment schedule applies under the MI 10K rules rather than under this page alone.

How do you apply?

Work with an MSHDA approved lender, complete the required homebuyer education class if using MI 10K DPA, and apply for the MI Home Loan together with any chosen MSHDA assistance option.

Application timing

Apply through a participating MSHDA lender; after MSHDA issues a loan commitment, it is valid for 90 days for an existing home or 180 days for new construction.

Official source evidence

The official MSHDA MI Home Loan page says the program is available to first-time buyers statewide and repeat buyers in targeted areas, uses a statewide sales-price cap of $544,233 after May 1, 2025, requires a minimum 640 credit score, and can be paired with MI 10K DPA plus a housing education class.

View official source

Last verified

2026-04-19

after May 1, 2025

Paid preview

What paid access adds for MI Home Loan

See the shape of the comparison output, risk checks, lender questions, and next-step checklist before you decide whether this program is worth carrying into the paid layer.

Example paid output for this program. The free page stays visible either way.

Comparison preview

MI Home Loan

Amount: Statewide MSHDA first-mortgage backbone with optional MI 10K down payment assistance. Current state materials say the MI Home Loan sales-price limit is $544,233 after May 1, 2025 and that borrowers can pair the mortgage with the statewide MI 10K DPA Loan up to $10,000.

Repayment: The public MI Home Loan page describes the core product as a first mortgage path. Standard repayment follows the underlying mortgage. If the borrower adds MI 10K DPA, that separate second-loan repayment schedule applies under the MI 10K rules rather than under this page alone.

First-time buyer: Not required

Timing: Apply through a participating MSHDA lender; after MSHDA issues a loan commitment, it is valid for 90 days for an existing home or 180 days for new construction.

Risk checks preview

What gets flagged before you call a lender

  • MI Home Loan requires a participating lender.

Lender questions preview

Questions tied to this exact path

  • Is your team approved to originate MI Home Loan for this household and loan setup?
  • Which document version should control MI Home Loan right now: program guide, fact sheet, or lender packet?

Action checklist preview

What you would do next

  • Review the official Program page for MI Home Loan
  • Ask whether your lender is approved for this exact program and loan structure.
Open the full Michigan board

Paid research preview

What paid research already covers in Michigan

Paid research already tracks city and county programs, employer-assisted paths, specialty and conditional paths for Michigan.

4 tracked deeper records

These are not generic promises. They are the local, employer, public-employee, and specialty directions already sitting behind the paid layer.

What unlocks after payment

Specific program names, source notes, current-vs-conditional judgments, and the next lender or agency questions tied to this state.

1 tracked

city and county programs

City and county down payment or closing-cost programs that never make it into the free statewide layer.

1 tracked

employer-assisted paths

Employer-linked housing incentives and workforce programs that matter only if they fit your job or agency.

2 tracked

specialty and conditional paths

Conditional, paused, or specialty paths worth checking before you assume the state is a dead end.

Open the full Michigan board

Private workspace

What paid access adds after the free facts

This page stays free for public facts. Paid access turns this program into a shortlist item, a related-path decision layer, risk checks, lender-call prep, and a next-step queue.

If the public facts still look relevant, paid access is where you decide whether this path is stronger than your fallback and what to do next.

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Active accounts can save this program in one click. If you still need sign-in or checkout, the same button routes you to the right next step.

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Full state board

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4 tracked deeper leads sit behind the full Michigan board around this program.

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Risk and lender prep

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Use the paid layer for overlap checks, repayment friction, occupancy traps, and lender questions tied to this exact program.

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