The MI Home Loan program is a mortgage product that is available to first-time homebuyers state-wide and repeat homebuyers in targeted areas. All homebuyers work directly with a participating lender.

To determine eligibility please contact an Experienced Participating Lender (An Experienced Lender has completed at least one MSHDA Loan in the last six months.)


Michigan Down Payment up to $7,500. (Homebuyer Education class required.) Available to first-time homebuyers (have not owned a home in the previous three years) statewide and repeat homebuyers in targeted areas.

Household income limits apply and can vary depending on family size and property location.

Sales Price limit - $224,500 statewide.

Minimum credit score of 640 required or 660 for multiple-section manufactured homes.


Top MI Home Loan - Loan Officers of 2018 MI Home Loan -

Mortgage Companies, Banks, and Credit Unions

Housing Education Program

Home Inspections and Property Checklist

MI Home Loan - Program Card,4641,7-141-45866_45868-370762--,00.html