MSHDA’s Homeownership division provides a variety of programs and products for
both homebuyers and homeowners.
Whether you’re a first-time homebuyer or a seasoned veteran of the housing market, MSHDA has a mortgage product to meet your needs.
MI Home Loan Mortgage - Down Payment Assistance Available!
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.
Down Payment Assistance up to $15,000. (Homebuyer Education class is 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.
Call us today for more information 810-733-3374