Michigan State Housing Development Authority's (MSHDA) Loan Programs
Click here for more details: Am I Eligible for a MSHDA Mortgage?
Q: What is MSHDA?
A: The Michigan State Housing Development Authority (MSHDA), was established in 1966 in an effort to provide assistance to create affordable housing.
Q: What is the required down payment when using the MSHDA down payment assistance program?
A: When using the MSHDA program, you can purchase a home with as little as 1% down.
Q: Is the MSHDA down payment assistance only for first time buyers?
A: The program varies from county to county, and in some cases from city to city. In some cities in Wayne county you do have to be a first time buyer. Contact me for a list of participating cities.
Q: What a first time buyer?
A: A first time buyer is a buyer who has not owned a home in the past 36 months.
Q: Is the MSHDA program only for low income households?
A: NO. The MSHDA program has increased income limits.
Q: How can I get qualified?
A: Contact an MSHDA approved Lender to get preapproved.
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