Deferred second loan
NMCAA Down Payment Assistance Program (DPA)
First-time homebuyers · Income limits
Down payment assistance · Grand Traverse County
Buying a home in Traverse City, MI
2 Traverse City programs and 9 statewide.Traverse City has 2 programs of its own, and 9 statewide. Here is what each one offers, what the local market looks like, and who near you can walk you through it.
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Only for Traverse City addresses
Traverse City’s own programs
Down-payment assistance
Habitat for Humanity Grand Traverse Region Homeownership Program
First-time homebuyers · New construction · Income limits · Single Family
The Traverse City marketThe Traverse City housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in Traverse City
- 62.9% single-familysingle-family
- 4.4% townhousetownhouse
- 7.8% 2–4 units2–4 units
- 24.8% 5+ unitscondo & apartment buildings (5+ units)
- 0% mobile & othermobile home & other
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Traverse City’s homes were built
pre-19401970s2020+
67.4%
of Traverse City homes were built before 1980. Pre-1978 homes come with a federal lead-paint disclosure.of homes were built before 1980. A home built before 1978 comes with a federal lead-paint disclosure, and some programs require an inspection.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25034.
$113,900
County area median income, 4 people (HUD)HUD area median income, Grand Traverse County, 4-person household (2026)
$74,087
Traverse City median household incomeMedian household income in Traverse City (Census, 2024)
14 of the 73 programs here set their income limit as a share of Grand Traverse County’s area median income, adjusted for household size. See the published limits for Grand Traverse County
Free help nearbyFree help near Traverse City
1 HUD-approved counseling agency within 15 miles1 HUD-approved housing counseling agency within 15 miles
2 programs here ask for a homebuyer class first. Create a free account to see who’s near you and pick one.All 2 local programs here ask for a homebuyer class. A HUD-approved counselor teaches it and can walk you through your options. Create a free account to see who’s near you and pick one.
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Across Michigan and nationwide
71 statewide & federal programs9 statewide programs, plus federal options
Traverse City questions
Does Traverse City have its own down payment program?
Yes, 2: NMCAA Down Payment Assistance Program (DPA) and Habitat for Humanity Grand Traverse Region Homeownership Program. Each is for homes inside Traverse City.
Can I use assistance on a condo in Traverse City?
Each program sets which kinds of homes it accepts. Where the agency publishes them, the program’s page lists them; the agency confirms it for the home you choose.
What is the income limit in Grand Traverse County?
Each program sets its own. 14 of the programs here set theirs as a share of HUD’s area median income for Grand Traverse County, adjusted for household size. HUD publishes the median each year; the 2026 figure is shown above and on the published limits page.
Where can I take a homebuyer class near Traverse City?
HUD-approved housing counseling agencies teach homebuyer classes, and 1 agency is within 15 miles of Traverse City. Create a free account and take the 90-second match to see the ones near you.
ZIP codes
49684 · 49685 · 49686 · 49696
Nearby in Grand Traverse
Sources
Sources: agency sites (June–September 2026), Census ACS 2024 5-year, HUD FY2026, HUD counseling list. Hey Prescott is not a lender.Programs: Hey Prescott catalog of 2,000+ programs, each verified with its agency (June–September 2026). Market: U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Income: HUD FY2026 income limits. Counselors: HUD list of approved housing counseling agencies. Hey Prescott is not a lender.