Unlock Homeownership with MSHDA’s Latest Program

For many first-time homebuyers, saving for a down payment can be one of the biggest obstacles to purchasing a home. Now, thanks to the Michigan State Housing Development Authority (MSHDA), eligible homebuyers may qualify for up to $25,000 in down payment assistance—a game-changing opportunity that makes homeownership more accessible than ever.

📽️ Watch the video below as Jason Veenstra of the Veenstra Real Estate Team chats with Jeremy Drobeck of Treadstone Mortgage to break down this exciting new program and what it means for first-time homebuyers in Michigan.

⬇️ Watch Now! ⬇️

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

MSHDA has long been offering down payment assistance, with its traditional program providing $10,000. However, thanks to $8 million in federal funding, an expanded program now offers an additional $15,000—bringing the total to $25,000.

But there’s a catch: This funding is limited, and only 320 families in Michigan will be able to take advantage of it before it runs out.

Who Qualifies for This Program?

To be eligible for this MSHDA down payment assistance, applicants must:

✔️ Be a first-generation homebuyer (meaning neither you nor your parents have owned a home in the past three years)
✔️ Contribute at least 1% of the purchase price (e.g., $2,000 on a $200,000 home)
✔️ Meet MSHDA’s income and credit requirements
✔️ Work with a MSHDA-approved lender (such as Jeremy Drobeck at Treadstone Mortgage)

💡 Pro Tip: If only one person in a household meets the first-generation requirement, they can apply solo and still qualify!

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How This Program Can Help You Save

🏡 $25,000 Toward Your Home Purchase

This assistance can significantly reduce out-of-pocket costs and eliminate the need for private mortgage insurance (PMI) in some cases.

📉 Lower Monthly Mortgage Payments

This program can lower your monthly mortgage payment by approximately $100—savings that add up over time.

💰 Below-Market Interest Rates

MSHDA loans typically offer interest rates up to 0.5% lower than standard mortgage rates, making homeownership more affordable.

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Next Steps: How to Apply

🚀 Step 1: Reach out to the Veenstra Real Estate Team. We’ll guide you through the homebuying process and help you understand your options.
🏡 Step 2: Get approved by Jeremy Drobeck at Treadstone Mortgage. Jeremy is a trusted MSHDA-approved lender who will walk you through the approval process and make sure you qualify for the program.
📜 Step 3: Act quickly! With only 320 spots available, this opportunity won’t last long. The funds are limited, and once they’re gone, they’re gone.

🔹 Want to see if you qualify? Fill out the form below to schedule a consultation today!