Down Payment Assistance through MSHDA

What is the MSHDA MI Home Loan?


Maybe you’ve been thinking about buying a home for a while. Maybe you’ve been crunching the numbers twenty different ways trying to figure out how to realize your dream of owning your own home. But having to throw down some serious cash for a down payment is always foiling your plans.


You’re not alone. The down payment is notoriously known for being one of the biggest obstacles for first-time homebuyers. The good news: MSHDA is doing something about it.


Who’s MSHDA?


MSHDA (aka the Michigan State Housing Development Authority) was created with the purpose to establish funds in housing development and to provide for the expenditure of certain funds. In addition, MSDHA was created to authorize the making and purchasing of loans, differed payment loans, and grants to qualified developers, sponsors, individuals, mortgage lenders, and municipalities.


Simply put, MSHDA focuses on enhancing community vitality through homeownership programs, such as the MI Home Loan.


What’s the MI Home Loan?


The MI Home Loan is a MSHDA program created to help eligible buyers purchase a home by granting them up to $7,500 toward a down payment and closing costs.


Do I qualify for MSDHA’s MI Home Loan?


The MI Home Loan is available to first-time homebuyers state-wide and repeat homebuyers in targeted areas. All homebuyers must also work directly with a participating lender.


As a MSDHA preferred lender and MI Home Loan experienced loan officer, I can help you find out if you qualify for the MSDHA MI Home Loan and answer any questions you may have so you can get one step closer to walking through the door of your very own home.


My job as a mortgage lender is to help people obtain financing and makes one of life’s biggest decisions a lot less stressful by simplifying the process, keeping you in the loop every step of the way, and getting you into your new home as quickly as possible!


Don’t MSHDA boat on this opportunity! Contact me today to find out if you qualify to receive up to $7,500 with the MSDHA MI Home Loan.