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Michigan Down Payment Assistance Programs
The Down Payment Assistance Programs offered by state, county and city are usually secured by a second mortgage. The second mortgage may be called a “Silent Second” which means that there are no payments required in the beginning and in some cases it will be forgiven if you live in the home for a certain number of years. All of the Down Payment Assistance Programs primarily use an
FHA mortgage to secure the first mortgage however some programs may accept different programs.
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C = Conventional
F = FHA V = VA
R = RD
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Eligible 1st MTG. LOAN TYPES
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State
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DAP Maximum Assistance Amount
|
Phone #
|
|
PROGRAM NAME
|
| Flint First-Time Homebuyers
Downpayment & Closing Costs Loan Program
(DAP) |
C
F V |
MI |
$7,500 |
(810)
766-7436 |
| Kent County NSP Homebuyer
Assistance Program (NSP) |
C,F |
MI |
$40,000 |
(616)
632-7413 |
| Mancelona MSHDA Homebuyer
Assistance Purchase & Rehabilitation Program
(HPR) |
C
F R |
MI |
$37,500 |
(231)
533-8727 |
| Multi Cities Homebuyer
Purchase Rehabilitation Program (HPR) |
C
F |
MI |
$30,000 |
(231)
582-6244 |
| Multi Counties - Paramount
Bank / Lighthouse Community Development Down
Payment Assistance Program (DPAP) |
C
F |
MI |
$5,000 |
(646)
217-3392 |
| Multi Counties Little
Travese Bay Band of Odawa Indians Down
Payment/Closing Cost Assistance Program
(LTBB) |
C
R |
MI |
$5,000 |
(231)
242-1546 |
| Multi Counties Sault Saint
Marie Tribe of Chippewa Indians Housing
Authority Down Payment Assistance Program
(DPAP) |
C
F |
MI |
$5,000 |
(906)
635-7723 |
| Muskegon County Community
Shores Bank/Neighborhood Investment
Corporation Homeownership Opportunities
Program (HOP) |
C
F |
MI |
$5,000 |
(231)
727-0809 |
| Portage First-Time
Homebuyers Downpayment Assistance Program
(DAP) |
C
F |
MI |
$3,000 |
(269)
324-9201 |
| Portage North Portage
Homebuyer Purchase Rehabilitation Program (HPR) |
C
F V |
MI |
$30,000 |
(269)
324-9201 |
| Schoolcraft County Homebuyer
Assistance Program (HAP) |
C
V |
MI |
$30,000 |
(906)
341-5126 |
| Washtenaw County Downpayment
Assistance Program (DPA) |
C
F V |
MI |
$15,000 |
(734)
482-3300 |
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