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MI Home Loan
The MI Home Loan program is a mortgage product that is available to first-time homebuyers state-wide and repeat homebuyers in targeted areas. All homebuyers work directly with a participating lender.
To determine eligibility please contact an Experienced Participating Lender
Program Description:
- Available to first-time homebuyers (have not owned a home in the previous three years) statewide and repeat homebuyers in targeted areas.
- Household income limitsapply and can vary depending on family size and property location.
- Sales Price limit - $224,500 statewide.
- Minimum credit score of 640 is required.
Down Payment Assistance available
- MI 10K DPA Loan up to $10,000 available statewide.Housing Educationclass required-MSHDA Housing Education Locator
