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Michigan program

MI Home Loan

Michigan route through Michigan State Housing Development Authority (MSHDA). Use this page to confirm the core public facts first, then decide whether you need deeper comparison output and lender-call prep.

State-backed first mortgage Check official rules 2026-04-19
Agency Michigan State Housing Development Authority (MSHDA)
Support type State-backed first mortgage
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 this program appears to offer

Quick answer from published facts. Go to Michigan program hub

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

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

Use the public facts first. Open the official source when a detail affects eligibility, repayment, or lender choice.

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.

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

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

  • Does MI Home Loan require a participating lender for this household and loan setup?

Action checklist preview

What you would do next

  • Confirm whether MI Home Loan requires a participating lender.
  • Review the official Program page for MI Home Loan.
Unlock comparison and lender prep for Michigan

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.

See deeper Michigan leads

Private workspace

What paid access adds to this program

The free page gives you the public facts. Paid access turns this program into a shortlist item, comparison row, risk check, and lender-call prep surface.

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

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Decision output

Comparison, risk checks, and lender prep

Use the paid layer for side-by-side comparison, overlap checks, lender questions, and next-step notes tied to this exact program.

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