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New Higher MSHDA Rates 2023

MSHDA Announces Higher Rates for 2023

Estimated Reading Time: 35 seconds

This BLOG discusses how MSHDA Announces New HIGHER Rates for 2023.

What is the new MSHDA Rate?

MSHDA has announced an increase to the interest rates on its down payment assistance (DPA) programs. The rate as of Thursday, March 2, 2023 will be 6.625% which is an increase from 6.375%.

"The interest rate as of Thursday, March 2, 2023 will be 6.625% which is an increase from 6.375%" Share on X

Which program is affected by this increased rate?

This rate increase will impact both the MI Home Loan with down payment assistance of $7,500 and the MI 10K DPA of $10,000. MSHDA has long been a proponent of homeownership and offers down payment assistance throughout the state. Feel free to visit www.MichiganDPA.com for more information on these great programs.

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