- Location
- MI
- Type
- Deferred loan
- Max assistance
- $10,000
- Min. credit score
- 640
- First-time buyer
- Required
- Property types
- Single family, Condo, Townhouse
Up to $10,000 in down payment assistance for eligible homebuyers purchasing in select Michigan zip codes; 0% interest deferred repayment subordinate loan; must be paired with MSHDA MI Home Loan first mortgage; repayable upon sale, refinance, or transfer.
Learn this program
Short reads on how it works, in plain language. Free, no sign-up needed to read.
Free course from Hey Prescott
MI 10K DPA, explained
A short, free course on MI 10K DPA: what it is, who it is for, when it is repaid, where it applies and how to apply. Based on program data from July 2026. About ten minutes.
5 modules · About 10 minutes
Program details are sourced from public agency data and may change. Confirm eligibility with a Hey Prescott loan officer before applying.