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Michigan program

MSHDA MI 10K DPA Loan

Michigan route through Michigan State Housing Development Authority. 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.

Deferred second mortgage Deferred due on exit 2026-04-21
Agency Michigan State Housing Development Authority
Support type Deferred second mortgage
Amount highlight Current MSHDA materials describe up to $10,000 statewide for down payment, closing costs, and prepaid expenses when paired with an eligible MI Home Loan first mortgage.
Last verified 2026-04-21

Use carefully

Use the current statewide limits sheet for caps

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

MI 10K is live and detail-safe, but the public cap tables are county-based and the first-time-buyer rule depends on whether the purchase is in a targeted area.

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

Current MSHDA materials describe up to $10,000 statewide for down payment, closing costs, and prepaid expenses when paired with an eligible MI Home Loan first mortgage.

Type

Deferred second mortgage

0% deferred repayable second mortgage

Repayment

Current MSHDA materials describe MI 10K as an interest-free loan with no monthly payments. Repayment is deferred until the first mortgage is paid off, the home is sold or refinanced, or the home is no longer owner-occupied. Current public materials do not describe forgiveness, so public copy should treat the second lien as repayable rather than forgivable.

First-time buyer

Varies

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?

Michigan homebuyers using a MSHDA MI Home Loan, Statewide first-time homebuyers, Repeat buyers in targeted areas under current MSHDA rules, Borrowers who complete the required homebuyer education

What support do you get?

Current MSHDA materials describe up to $10,000 statewide for down payment, closing costs, and prepaid expenses when paired with an eligible MI Home Loan first mortgage.

Do you repay it?

Current MSHDA materials describe MI 10K as an interest-free loan with no monthly payments. Repayment is deferred until the first mortgage is paid off, the home is sold or refinanced, or the home is no longer owner-occupied. Current public materials do not describe forgiveness, so public copy should treat the second lien as repayable rather than forgivable.

How do you apply?

Confirm eligibility for a MSHDA MI Home Loan, complete homebuyer education, contact a MSHDA approved lender, and have the lender submit the combined MI Home Loan and MI 10K DPA file through the MSHDA process.

Application timing

Apply through a MSHDA approved lender as part of a MI Home Loan file; the related MSHDA loan commitment is valid for 90 days for an existing home or 180 days for new construction.

Official source evidence

Current MSHDA materials say MI 10K can provide up to $10,000 statewide as an interest-free loan with no monthly payments, repaid only on payoff, sale, refinance, or loss of owner occupancy.

View official source

Last verified

2026-04-21

Current 05.2025 income and sales-price limits sheet; statewide availability reaffirmed 2025-06-03

Paid preview

What paid access adds for MSHDA MI 10K DPA Loan

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Comparison preview

MSHDA MI 10K DPA Loan

Amount: Current MSHDA materials describe up to $10,000 statewide for down payment, closing costs, and prepaid expenses when paired with an eligible MI Home Loan first mortgage.

Repayment: Current MSHDA materials describe MI 10K as an interest-free loan with no monthly payments. Repayment is deferred until the first mortgage is paid off, the home is sold or refinanced, or the home is no longer owner-occupied. Current public materials do not describe forgiveness, so public copy should treat the second lien as repayable rather than forgivable.

First-time buyer: Varies

Timing: Apply through a MSHDA approved lender as part of a MI Home Loan file; the related MSHDA loan commitment 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

  • MSHDA MI 10K DPA Loan requires a participating lender.
  • MSHDA MI 10K DPA Loan must be paired with a specific first mortgage.

Lender questions preview

Questions tied to this exact path

  • Is your team approved to originate MSHDA MI 10K DPA Loan for this household and loan setup?
  • Which first-mortgage product must be paired with MSHDA MI 10K DPA Loan, and what breaks eligibility?

Action checklist preview

What you would do next

  • Review the official MI 10K DPA Loan page for MSHDA MI 10K DPA 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

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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.

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Private workspace

What paid access adds after the free facts

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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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Full state board

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