Detroit
$220K
Deepest DPA stack in our footprint. City + Land Bank + FHLB + MSHDA. $145K Grandmont scenarios close with ~$1K cash.
Open metro guide →
Michigan · MSHDA + Detroit's deep stack
Detroit's stack is
unreasonably good.
Detroit has the deepest aggregate DPA stack in the country — City of Detroit $25K + Land Bank programs + FHLB HOP + MSHDA + National Faith. Outside Detroit, MSHDA covers the state. Either way, Michigan rewards stacking better than almost anywhere.
· The market
Michigan at
a glance.
- $215K
- Statewide median
- +4.7%
- YoY appreciation
- 30 days
- Median DOM
- 9 stackable programs
- Detroit metro
· The metros
Where buyers
actually land.
Grand Rapids
$295K
Strong job market + tight inventory. MSHDA programs work; local DPA via Kent County limited.
Ann Arbor
$425K
Premium pricing (UMich). MSHDA programs eligible for moderate-income tiers; Workforce Housing programs for educators.
Lansing
$185K
Capital + MSU. Affordable, strong rental market. MSHDA + Ingham County programs.
· The stack
7 programs
most LOs forget.
The state-level programs are the spine. Local (city / county) DPA stacks on top. The right combo can drop your cash-to-close to a single car payment.
01
MSHDA MI Home Loan
Up to $10K DPA
Statewide. 0% interest, deferred-payment second mortgage. Pairs with FHA, VA, USDA, conventional. Income limits by county.
02
MSHDA MI 10K DPA
$10K
Add-on for select census tracts statewide. Targeted to lower-income areas.
03
City of Detroit DPA
Up to $25K
Detroit residents only. Forgivable second mortgage. Stacks with MSHDA + Land Bank programs.
04
Detroit Land Bank — Rehabbed & Ready
20% subsidy
Land Bank-rehabbed homes get a 20% purchase subsidy. Stacks with city + state programs.
05
FHLB HOP (Home Ownership Program)
Up to $20K
Federal Home Loan Bank grant. Available through participating lenders. Forgivable over 5 years.
06
National Faith Homebuyers
Up to $13,999
Faith-based DPA for Detroit-area buyers. Counseling-required, stacks with city + MSHDA.
07
Veterans Discount (Land Bank)
50% off
50% discount on Land Bank properties for verified veterans. Game-changer when stacked.
· The scenario
$145K Grandmont,
stacked.
- Purchase price
- $145,000
- FHA min down (3.5%)
- $5,075
- City of Detroit DPA
- −$25,000
- MSHDA MI Home Loan
- −$10,000
- FHLB HOP grant
- −$15,000
- Estimated cash-to-close
- ~$1,200
Loan amount: ~$92K. Estimated PITI: ~$940/mo. The Detroit stack is the closest thing to free money in the legal mortgage world.
Michigan is buyable.
If you stack right.
Five minutes. We map your file across every MI program — including the four most LOs forget to mention.