Michigan State Housing Development Authority (MSHDA)
With the MI Home Loan program, in partnership with MSHDA, buyers may be eligible for down payment assistance of up to $10,000 on Conventional, FHA and Rural Development loans. Just another way Northpointe is bringing you home.
Program Features
Up to $10,000 in down payment assistance**
Available for primary residence of first-time and repeat homebuyers in select locations
Eligible properties may include new or existing homes, manufactured homes and condominiums
Liquid asset restriction of $20,000
Minimum 1% borrower contribution
Income limits apply
*$10,000 in down payment and closing cost assistance in the form of a 0% interest loan due upon sale, refinance or transfer of property. This is not a commitment to lend. All loans subject to credit review and approval.
