Mortgage Down Payment Assistance and Affordability
Buying your first home can come with big upfront costs—but help is available. You could qualify for up to $25,000 in assistance1 to help with your down payment, closing costs, and more. These limited-time programs are designed to make homeownership more affordable for first-time or income-qualified buyers.
Mortgage down payment programs and affordable loans built for your needs.
MSHDA Loan
The MSHDA loan program helps qualified buyers — especially first-time and moderate-income homebuyers — by offering up to $10,000 in down payment assistance, or $25,0001 for first-time generational buyers. It also features flexible credit requirements, competitive rates, and financing up to 97% of a home’s value.
FHA Loan
The FHA loan helps make homeownership more accessible with a low down payment option and flexible credit guidelines. Qualified buyers can put as little as 3.5% down and may use gift funds to help cover upfront costs. FHA loans offer competitive fixed rates and are a popular choice for first‑time buyers or those with limited savings.
VA Loan
VA loans are designed to help eligible veterans, active duty service members, and qualifying spouses buy a home with no down payment required. This program offers competitive rates, no private mortgage insurance, and flexible qualification guidelines. It is a powerful benefit earned through service and a strong option for both first‑time and repeat buyers.
Zero Down Payment Loan
Our Zero Down Payment Loan makes it possible to buy a home with no cash down. Qualified buyers can move forward without waiting years to save for a down payment, while still benefiting from competitive rates and a conventional loan structure. It is a straightforward option for buyers ready to own sooner.
Right Choice Loan
The Right Choice Loan is a flexible portfolio option for borrowers who do not fit traditional lending guidelines. It is ideal for buyers with unique income, higher debt ratios, or non‑standard financial situations who are otherwise financially strong. This loan offers expanded qualifying flexibility with competitive terms and personalized support.
New Start Loan
The New Start Loan is designed for borrowers who have experienced past credit challenges but are ready to move forward. With flexible guidelines and a more holistic review of your financial picture, this option helps create a path back to homeownership. It is built for second chances and supported by experienced loan experts who focus on where you are today.
Our trusted partner, Mortgage Center.
A team of experts will help you find a mortgage tailored to your needs. Together, we're here to help you turn your dream of owning a home into a reality.
Get started today by filling out the form below.
This is not an official application — just a quick way for us to determine if you may qualify for down payment assistance. If you meet the criteria, a representative from our partner Mortgage Center will contact you.
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- The Michigan State Housing Development Authority (MSHDA) offers down payment assistance of up to $10,000 for eligible homebuyers, or up to $25,000 for qualified first-generation homebuyers, subject to program availability. First-generation eligibility requires that the borrower has not owned a home in the past three years and that the borrower’s parent(s) have not owned a home in the past three years, or the borrower meets other qualifying criteria as defined by MSHDA. Assistance is typically provided as a deferred loan with no monthly payments and may be repayable upon sale, refinance, or transfer of the property. Programs are subject to income limits, purchase price limits, credit requirements, and property eligibility. Homebuyer education may be required. Funds are limited and available on a first-come, first-served basis and may be exhausted without notice. Borrowers must qualify for an MSHDA-approved mortgage loan. This is not a commitment to lend. Additional terms and conditions apply. Please contact your loan officer for full program guidelines.