The Michigan State Housing Development Authority (MSHDA) offers down payment assistance up-to $10,000 to qualifying Michigan homebuyers! If you are eligible for this program, you can purchase a home using as little as 1% of your own money. For example, a qualifying buyer can purchase a $150,000 with as little as $1,500 out of pocket!
Is it for me?
LEARN MORE ABOUT DOWN PAYMENT ASSISTANCE
$10,000 ASSISTANCE
Qualifying homebuyers can receive down payment assistance of up-to $10,000.
TARGETED AREAS
Qualifying homebuyers are not required to be first time homebuyers in targeted areas.
SALES PRICE LIMITS
The maximum sales price statewide is $224,500.
ASSETS
MSHDA requires homebuyers to contribute 1% of the sales price towards the transaction.
INCOME LIMITS
Maximum income limits are determined by location and household size.
CREDIT SCORE
A credit score of 640 or higher is required for single family homes and condos.
Buy With Us
Visible Homes is Michigan's premiere boutique real estate brokerage. We are highly experienced with the MSHDA program and hope you consider using our real estate services. Here are some quick facts about our experience working with the program:
- Our Broker has appeared on TV with MSHDA on multiple occasions
- Our Broker has participated in a joint press release with MSHDA to help promote the down payment assistance program to Michigan homebuyers
- Our Broker has had articles published in 15 different newspapers about the MSHDA program
- We have helped approximately 100 buyers purchase a home using the MSHDA program
Next Steps
STEP 1: MSHDA PRE-APPROVAL
STEP 2: PROPERTY SEARCH
STEP 3: SCHEDULE SHOWINGS
STEP 4: MAKE AN OFFER
The first step is to determine if the MSHDA program is available to you and how much of a home you qualify for! MSHDA has a list of approved lenders in Michigan who can offer their down payment assistance program. Visible Homes works with some of the most experienced MSHDA lenders in the state. Complete the form below and we can put you in touch with a lender to see if you qualify.
Once it is determined how much you qualify for, we will setup a real-time custom property search through the MLS. Listing information will be delivered to you in real-time, unlike many of the online real estate websites that can take over 24 hours to post new listings. This will ensure that you are aware of new listings and price reductions as they happen! In the meantime, feel free be amongst the thousands of people who use our website to browse homes.
Our Buyer's Agents understand the need to move quickly in this market. Whether you want to see one home, or several homes, we make it happen quickly for our clients!
An agent's understanding of the MSHDA program is critical. If structured properly, a buyer will only need to bring in approximately 1% of the purchase price as required by MSHDA. If the offer is not structured properly by the agent, then the buyer could still need to bring in several thousand dollars which could end up being a deal breaker. At Visible Homes, we have taken certain measures to ensure all offers are structured properly so our clients get the most out of the program!