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MSHDA Down Payment Assistance

Michigan home buyers can qualify for $7500-$15,000 in down payment and closing costs assistance.

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MSHDA Down Payment Assistance

Brian Powers

Home buying and home selling experiences you can enjoy. Real estate doesn't have to be stressful...

Home buying and home selling experiences you can enjoy. Real estate doesn't have to be stressful...

Nov 7 1 minutes read

Overview of MSHDA Down Payment Assistance Program

  • up to $7500 in down payment and closing cost assistance for any home in Macomb County
  • up to $15,000 in down payment and closing cost assistance in select zip codes (48015, 48021, 48066, 48048, 48089,48091)
  • funds can be used towards down payment, closing costs, escrows and prepaid items

How to Qualify

  • minimum credit score 640
  • maximum cash in bank cannot exceed $10,000
  • minimum out of pocket cash needed from home buyer = 1% of sales price
  • max sales price $224,500

To learn more watch the video below and then contact Brian for next steps. 

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