MSHDA (Michigan State Housing Development Authority) at michigan.gov/mshda provides MI Home Loan and Flex mortgage programs with DPA for qualifying Michigan buyers.

What is MSHDA's DPA program?

MSHDA's Down Payment Assistance provides a second mortgage alongside MI Home Loan. Verify current DPA dollar amount and repayment terms at michigan.gov/mshda.

What is MI Home Loan Flex?

MI Home Loan Flex allows repeat buyers (not just first-time) to access MSHDA benefits in select MSHDA-targeted zip codes. Verify eligible areas at michigan.gov/mshda.

Are Michigan home prices affordable?

Yes — Michigan's median home prices are below national averages. Detroit metro offers entry-level pricing; Grand Rapids has seen more appreciation in recent years.

Where can I find a HUD counselor in Michigan?

HUD lists approved housing counselors at hud.gov/states/michigan.

Mortgages in Michigan

Michigan home prices are generally below the national median — Detroit metro, Grand Rapids, and Lansing are the major markets. The state's economic recovery has been uneven; urban core markets and outer ring suburbs have different price trajectories. West Michigan (Grand Rapids) has seen strong appreciation.

More Michigan guides

Personal Loans in Michigan Auto Insurance in Michigan Homeowners Insurance in Michigan Renters Insurance in Michigan Auto Loans in Michigan Student Loans in Michigan Life Insurance in Michigan High-Yield Savings in Michigan

Mortgages by state

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