MSHDA Questions
Explore questions about Michigan State Housing Development Authority (MSHDA) programs.
What is MSHDA?
Quick Answer
MSHDA is the Michigan State Housing Development Authority. Its homeownership offerings include the MI Home Loan and, for qualifying borrowers, $10,000 in down payment assistance. Eligibility and program terms must be checked for your household and property. Reach out to me and I can let you know if you qualify.
How does MSHDA down payment assistance work?
Quick Answer
MSHDA's MI 10K program can provide up to $10,000 toward eligible down payment, closing costs, and prepaid expenses when paired with a MI Home Loan. It is a separate, interest-free loan with deferred repayment. Education and other eligibility requirements apply. A MSHDA loan can be paired with a conventional, FHA, or RD loan.
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