What is a DPA? Down payment assistance is meant to assist a home buyer with not only the down payment but also the other costs associated with purchasing a home including mortgage closing costs, prepaid interest, setting up an escrow, paying for the first year …
MSHDA Down Payment Assistance (DPA) Frequently Asked Questions (FAQ) Read More »
The State of Michigan has long been a proponent of homeownership. The Michigan State Housing Development Authority (MSHDA) offers assistance in a few different ways with regard to renting and owning a home. When looking at the process of purchasing a home, MSHDA has developed …
What is MSHDA and why are they offering down payment assistance to homebuyers? Read More »
Owning a home comes with many benefits, including cost certainty for your monthly housing payments and household wealth creation. If you have thought of purchasing a home but have not saved for a down payment, the State of Michigan through the Michigan State Housing Development …
MSHDA Down Payment Assistance – Is it right for you? Read More »
The Michigan State Housing Development Authority (MSHDA) released a turbo charged version of its standard Down Payment Assistance (DPA) loan in 2021. This new DPA offers a loan covering much of the cost of purchasing a home. MSHDA still requires that the home buyer provide …
What makes the MI $10K DPA offered by MSHDA special? Read More »
Estimated Reading Time: 1 Minute and 9 Seconds This BLOG discusses MSHDA MI 10K Down Payment Assistance and its requirements. In an effort to expand the State of Michigan’s mission to increase accessibility of homeownership, the Michigan State Housing Development Authority (MSHDA) has rolled out an exciting …
What is the MSHDA MI 10K Down Payment Assistance? Read More »