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Find clear answers to common questions about banking, borrowing, mortgages, business services, digital tools and more. Browse by topic to quickly find the information you need - or contact Michigan First if you’d like personalized help.
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Mortgage
A MSHDA loan is a mortgage offered through the Michigan State Housing Development Authority to help eligible Michigan homebuyers purchase a primary residence. Depending on the program, borrowers may receive assistance with their down payment, closing costs, or certain prepaid expenses. Eligibility may depend on credit score, household income, home price, property location, and whether the home will be owner-occupied.