MSHDA Down Payment Assistance(Up to $10,000)
The Michigan State Housing Development Authority (MSHDA) provides eligible Michigan homebuyers with up to $10,000 to cover down payment and closing costs.
Up to $10,000
Assistance Toward Down Payment
0% Interest
Non-Amortizing Second Mortgage
$0 Monthly
No Payments on Assistance Lien
All 83 Counties
Statewide Michigan Coverage
What is the MSHDA MI Home Loan Program?
MSHDA’s MI Home Loan program is designed for low-to-moderate-income Michigan homebuyers. The standout feature of this program is the Down Payment Assistance (DPA) loan, which provides up to $10,000 or 7.5% of the purchase price (whichever is less) to cover down payment and prepaid closing costs.
The assistance is structured as a 0% interest, non-amortizing second mortgage with no monthly payments required. You only repay this loan when you sell the home, refinance the primary mortgage, or pay the first mortgage in full.
At Lake State Mortgage, our team has deep experience structuring MSHDA loans seamlessly alongside Conventional and FHA first mortgages, helping Michigan buyers close with minimal out-of-pocket cash.
Key Eligibility Requirements
MSHDA Frequently Asked Questions
Verify MSHDA Eligibility
Find out in minutes if your income and purchase scenario qualify for Michigan’s $10,000 down payment assistance.
Grand Rapids, MI 49525
How to Get Your MSHDA Down Payment Assistance
From application to closing, our Grand Rapids team handles the details so you can focus on finding your Michigan home.
Apply Online
Complete our secure online application in minutes. A Lake State loan officer will review your scenario right away.
Verify Eligibility
We check your credit, county income limits, and purchase price limits to confirm your MSHDA qualification.
Lock Your Assistance
Once approved, we structure your 0% interest DPA second mortgage alongside your first loan — up to $10,000.
Close & Move In
Funds apply directly at closing toward your down payment and costs. You get the keys with minimal cash out of pocket.
Income Limits by County
MSHDA sets household income limits that vary by Michigan county and household size. Non-targeted areas typically cap around $98,000–$134,000, while targeted areas allow higher limits.
- Limits apply to all household income, not just the borrower
- Higher limits available in designated targeted counties
- We verify your exact county limit during pre-approval
Purchase Price Limits
MSHDA also enforces maximum purchase price limits by county. These limits are generous enough to cover most Michigan starter and move-up homes in both targeted and non-targeted areas.
- New construction and existing homes both qualify
- Targeted areas feature higher purchase price caps
- Condos and manufactured real property eligible
Income and purchase price limits are set by MSHDA and updated periodically. Contact Lake State Mortgage for the current limits in your specific Michigan county.
What Our Homebuyers Say
Real reviews from Michigan families we've helped achieve homeownership with down payment assistance.
"Kevin Wildman of Lake State Mortgage and his assistant, Christina, are like a godsend!!!"
Kevin Wildman of Lake State Mortgage and his assistant, Christina, are like a godsend!!! From the very first day I spoke to Kevin and all the way through the process, he was very kind, humble, patient, professional, attentive... Shall I go on? They were with us every step of the way!
Robert Shipley
Zeeland, MI
"Very Customer Focused"
Kevin and his team were prompt, friendly, and very available, even off hours. His team members were extremely helpful, and helped us complete all documentation easily and quickly. They also answered questions outside their area to help us with closing.
Aaron R.
Spring Lake, MI
"Amazing Service"
Lake State Mortgage provided excellent service. Every member of the staff was courteous, thorough, and quick to assist us with every question or issue. They even helped us find an agent to provide a great home insurance premium. We closed with a VA loan in four weeks!
April Norcross
Grand Rapids, MI
"Investment Home - Refi (AWESOME LENDER!)"
We found Kevin and learned about our various options with refinancing the home in order to re-invest in another property. Kevin was incredibly helpful, resourceful and guided us through every step of the process. We are definitely using him for all our mortgage needs in the future!
Jo Gamrot
Muskegon, MI
"Purchase on a new home - Record time closing!"
Kevin and his team are amazing! They were efficient, and were able to close my mortgage for me in record time. I was with a different lender at first that gave misleading information and expectations that were never met. So I switched my mortgage to Kevin's office and it was smooth sailing!
L. Decker
Indian River, MI
"Seamless MSHDA Down Payment Assistance"
Lake State Mortgage helped us secure $10,000 in MSHDA down payment assistance as first-time buyers in Grand Rapids! Kevin Wildman and his team walked us through every requirement without making it feel overwhelming.
Michael & Sarah K.
Grand Rapids, MI
Ready to Buy Your Michigan Home with DPA?
Lake State Mortgage guides you through MSHDA and every low-down-payment solution.
Get Pre-Approved
Instant digital application via our secure online portal.
Apply Online Now