At Ross Mortgage, we believe homeownership should be within reach for everyone. That’s why we’re excited to share news about an incredible opportunity for first-time homebuyers in Michigan—the MSHDA First-Generation Down Payment Assistance Program, offering up to $25,000 in down payment support!

This new program is a game-changer, especially for first-generation buyers in Michigan who may need a little extra help taking that first big step. And the best part? Ross Mortgage is here to guide you through it, every step of the way.

What is the MSHDA $25,000 Down Payment Assistance Program?

This pilot program from the Michigan State Housing Development Authority (MSHDA) provides up to $25,000 to help cover down payment costs, closing expenses, and prepaid fees. It’s designed to help first-generation homebuyers in Michigan achieve homeownership and build generational wealth.

Key Program Details:

• Financial Assistance: Up to $25,000 as a deferred loan—only repayable if you sell or refinance.
• Eligibility:
  • Must be a first-generation homebuyer (you and your parents haven’t owned a home in the past three years).
  • Credit score of at least 640.
  • Purchase price of the home must not exceed $224,500.
  • Completion of an in-person homebuyer education course with a HUD-certified counselor.
• Limited Funds Available: With $8 million allocated, this program is expected to help over 320 families across Michigan.

Why Act Now?

Opportunities like this don’t last long! With limited funding, it’s essential to get started sooner rather than later. Ross Mortgage can help you secure this assistance while also providing expert advice on the best mortgage solutions for your needs.

Why Ross Mortgage?

At Ross Mortgage, we don’t just help you find any loan—we help you find the right loan. With 75 years of experience and a reputation as a “lender for life,” we’re committed to walking alongside you, making sure you take advantage of opportunities like this. We live by our “Ross Ways” principles: we start with yes, do the right thing, and focus on what matters most—you.

Let’s Make Homeownership Happen

If you’ve been dreaming of homeownership in Michigan, now is the time. With Ross Mortgage by your side and MSHDA’s new $25,000 down payment assistance program, your path to a new home just got a whole lot smoother.

Contact Ross Mortgage today to learn how you can qualify, or click here to connect with a loan officer who will walk you through your options. Together, we’ll make homeownership happen.