MSHDA Financing

 

 

 

 

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.

Program Description:

  • 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