Michigan State Housing Development Authority
The MI Home Loan Flex program is designed for first-time and repeat homebuyers looking for a more flexible loan product and can be used with the Michigan Down Payment loan.
Please contact a MSHDA Experienced Participating Lender for current Interest Rates and to determine eligibility
Michigan Down Payment up to $7,500.
Available to first-time and repeat homebuyers statewide.
All adults in the household DO NOT need to apply. Only qualifying borrowers will be underwritten for credit, assets and income.
Collections and judgments DO NOT necessarily need to be paid off; the lender will follow their Automated Underwriting System findings.
Income limits can vary depending on family size and property location.
Maximum sales price is $224,500 statewide.
Minimum credit score of 660 required.