First-Time Home Buyer Guide

Your complete roadmap to homeownership in Michigan. Learn about loan programs, the buying process, and get expert guidance every step of the way.

Your Home Buying Progress

0 / 7 Steps Complete

Track your progress through the home buying journey.

First-Time Buyer Loan Programs

MSHDA (Michigan State Housing)

Michigan's premier first-time homebuyer program offering significant down payment and closing cost assistance.

Down Payment0% - 3%
Credit Score640+
Income LimitVaries by county
Current Rate5.8% - 6.2%

Program Benefits

Down payment assistance up to $10,000
Closing cost assistance up to $7,500
Below-market interest rates
No monthly mortgage insurance in some cases
Pro Tip

MSHDA funds are limited and allocated on a first-come, first-served basis. Apply early in the year for the best chance of securing assistance.

Your Home Buying Journey

Get Pre-Approved for a Mortgage

Understand your budget and show sellers you're a serious buyer.

1-2 weeks

What to do in this step:

Check your credit score and improve if needed
Gather financial documents (pay stubs, tax returns, bank statements)
Shop around with multiple lenders for the best rates
Get pre-approval letter (not just pre-qualification)

Find a Qualified Real Estate Agent

Partner with an experienced agent who understands first-time buyer needs.

1 week

Start House Hunting

Search for homes within your budget and preferred neighborhoods.

2-8 weeks

Make an Offer

Submit a competitive offer when you find the right home.

1-3 days

Get a Home Inspection

Hire a professional inspector to identify any potential issues.

1 week

Finalize Your Mortgage

Complete the loan application process and prepare for closing.

2-4 weeks

Close on Your Home

Sign the final paperwork and get your keys!

1 day

Ready to Start Your Home Buying Journey?

Let's discuss your goals and create a personalized plan to get you into your first home. I'll guide you through every step and help you take advantage of the best loan programs available.

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