Your real Michigan affordability, the MSHDA MI 10K Down Payment Assistance Loan match, and a step-by-step plan — in 30 seconds. No email required.
Calculate your Michigan number — free →The MSHDA MI 10K Down Payment Assistance Loan is Michigan's flagship statewide down payment assistance, administered by the state housing finance agency (forgivable second loan). Current amounts, income limits and credit requirements are set by the agency — confirm them on the official program page. Cities and counties in Michigan often add their own programs on top.
Official Michigan program page →Michigan's main statewide option is the MSHDA MI 10K Down Payment Assistance Loan — forgivable second loan administered by the state housing finance agency. Many cities and counties in Michigan add their own programs on top, so it is worth checking all three levels.
It depends on your income, debts and credit. The calculator applies the FHA 31%/43% debt-to-income rule to estimate your price, then shows how much of your down-payment gap Michigan assistance could cover. Most buyers pair it with a 3% conventional or 3.5% FHA down payment.
Many state programs set a 620 minimum credit score alongside income limits based on area median income. Exact requirements are set by the agency — verify current terms on the official MSHDA MI 10K Down Payment Assistance Loan page before applying.