MSHDA Down Payment Assistance Program - Hinton Real Estate Group

What is MSHDA and how can it help Michigan homebuyers?

The Michigan State Housing Development Authority (MSHDA) is a state agency that helps eligible Michigan residents access home loans, down payment assistance, homebuyer education, rental assistance, and other housing resources.

For homebuyers, MSHDA programs may include:

  • Mortgage loan options

  • Down payment and closing cost assistance up to $10,000

  • Homebuyer education

  • Housing counseling

  • Mortgage tax credit programs

Eligibility depends on factors such as household income, credit score, purchase price, property type, and the specific loan program.

Homebuyers do not apply for a mortgage directly through MSHDA. Most MSHDA home loan programs are offered through participating Michigan lenders.

For buyers in Ypsilanti, Ann Arbor, Washtenaw County, and throughout Southeast Michigan, MSHDA programs may be worth exploring when planning how much cash is needed to purchase a home.

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