Michigan program
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.
Decision-ready public facts
Quick answer from published facts. Go to Michigan program hub
Up to $10,000 toward down payment, closing costs, and prepaid expenses.
Deferred second mortgage
The official state page says MI 10K is 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.
Not required
Program guide
Use the public facts first. Open the official source when a detail affects eligibility, repayment, or lender choice.
Homebuyers using a MSHDA MI Home Loan, Borrowers seeking statewide down payment and closing-cost help, Homebuyers who complete a homebuyer education certificate
Up to $10,000 toward down payment, closing costs, and prepaid expenses.
The official state page says MI 10K is 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.
Contact a MSHDA approved lender, combine MI 10K with a MSHDA MI Home Loan, complete a homebuyer education class, and have the lender submit the file through the MSHDA process.
The official MSHDA MI 10K page says the program offers up to $10,000 statewide, comes as an interest-free loan, requires no monthly payments, and is repaid only when the first mortgage is paid off, the home is sold or refinanced, or the home stops being owner-occupied.
2026-04-19
Effective date not captured.
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Comparison preview
Amount: Up to $10,000 toward down payment, closing costs, and prepaid expenses.
Repayment: The official state page says MI 10K is 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.
First-time buyer: Not required
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Paid research preview
Paid research already tracks city and county programs, employer-assisted paths, specialty and conditional paths for Michigan.
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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 down payment or closing-cost programs that never make it into the free statewide layer.
1 tracked
Employer-linked housing incentives and workforce programs that matter only if they fit your job or agency.
2 tracked
Conditional, paused, or specialty paths worth checking before you assume the state is a dead end.
Private workspace
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