Whether you’re a first-time homebuyer or a seasoned veteran of the housing market, MSHDA has a mortgage product to meet your needs. Contact one of our Experienced Lending Partners today for more information!

The MSHDA 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.

Main Street Bank is a MSHDA approved lender!

MSHDA Loans - MSHDA Lender in Macomb County

Requirements for a MSHDA Loan

  • Down Payment Assistance up to $7,500. (Homebuyer Education class required.)
  • Available to first-time homebuyers (have not owned a home in the previous three years) statewide and repeat homebuyers in targeted areas.
  • Household income limits apply and can vary depending on family size and property location.
  • Sales Price limit – $224,500 statewide.
  • Minimum credit score of 640 required
  • Mortgage terms: Fixed-rate, 30-year terms
  • Borrowers need to contribute a minimum of 1 percent of the sales price (may come from an approved gift source).
  • All adults in the household intending to occupy the residence must co-apply and credit qualify for the mortgage loan.  Exceptions are made only for children who are verified to be full-time students.
  • Manufactured homes are not allowed.



Main Street Bank is here help answer your questions. Since home loans can be complicated, I can help inform you of every aspect regarding the mortgage process. I look forward to hearing from you.

Julie Krumholz

Main Street Bank, Member of the FDIC. Equal Housing Lender. Some products may not be available in all states. Credit and collateral are subject to approval. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. Terms and conditions apply. All rights reserved.