Buy

A seamless homebuying experience from start to finish

Michigan First Mortgage is here to assist you with all of your homebuying needs. Whether you're looking for your first home, trying to downsize, or need to move into a bigger space, our expert loan officers are here to guide you through the homebuying process. Explore our products based on your needs, or contact one of our loan officers today to get started on your journey to a new home.


Downpayment Assistance Programs

Michigan First Mortgage partners with many programs and lenders to offer Down Payment Assistance (DPA) to potential homebuyers. Speak with your loan officer today to determine what programs you may qualify for.
  • HomeBoost provides qualified families may receive up to $25,000 that can be used for a down payment, closing cost assistance, and counseling fees.
  • The Detroit Down Payment Assistance (DPA) provides qualified families grants up to $25,000 for down payments, pre-paid including interest rate buy down, closing costs, and principal reduction when purchasing a home using a purchase mortgage or a purchase renovation mortgage*.
  • Michigan State Housing Development Authority (MSHDA) loans come with cash that can be put towards a down payment, closing costs or some types of insurance.


The grants are available to homebuyers who have not held an interest in a property for the last three years. All grant recipients must have household incomes of less than 300% of the National Poverty Level issued annually by the Department of Health and Human Services. The purchased home must be the principal resident for three years after the grant is awarded or the grant must be repaid.
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      Mortgage Product Finder

      Explore our mortgage loan options to find one that may suit your needs. Our expert loan officers are available to guide you through the mortgage process from start to finish.
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      Fixed-Rate Mortgages
      Homebuyers looking for a fixed payment and consistency
      • 10, 20, or 30 year loans
      • Down payment as low as 5%
      • Monthly mortgage payment remains the same
      Adjustable-Rate Mortgages
      Homebuyers that may be looking for a short-term investment
      • Lower initial rate
      • Lower Initial payment
      • Rates may increase or decrease
      FHA Loans
      Homebuyers looking for lower down payments and more flexible qualifications
      • Down payment as low as 3.5%
      • Lower credit score requirement
      • Seller concessions up to 6%
      VA Loans
      Homebuyers that are active duty military or veteran military members
      • Zero downpayment
      • No PMI
      • Loans backed by US Department of Veterans Affairs
      USDA
      Homebuyers looking to purchase in outlying, rural areas
      • Zero downpayment
      • Lower PMI
      • Eligibility is based on combined income and location
      Turning Point Portfolio Loans
      Homebuyers looking for more flexible qualifications
      • Down payment as low as 10%
      • No PMI
      • For primary or secondary homes
      Jumbo Loans
      Homebuyers looking for larger limits
      • Loan amounts as high as $2,000,000
      • Down payment as low as 10%
      • Available for Primary or Vacation homes
      Bridge Loans
      Homebuyers that need financing when simultaneously selling and buying a property
      • Short-term loan
      • Use existing home to secure loan
      • Funds can be used for down payment
      Construction Draw Loans
      Homebuyers building their dream homes from the ground up
      • Construction loan and mortgage loan combined
      • Interest rate locked before construction starts
      • Interest-only payment during construction
      Renovation Loans
      Homebuyers or Homeowners looking to make extensive repairs or upgrades to a home
      • Down payment as low as 3%
      • Repair minimums as low as $5,000
      Manufactured Housing Loans
      Homebuyers in the market for a factory built home on a permanent site
      • Primary or secondary financing
      • Available for single or double wide
      DSCR
      Homebuyers interested in purchasing or refinancing investment properties
      • Qualify without relying on personal income
      • Loan is based on potential value of property
      ITIN Loans
      Homebuyers that don't have a social security number
      • Average credit rating
      • Single family homes, townhouses, condominimums and PUD
      • Available to individuals without a TIN
      MSHDA
      First-time homebuyers looking for mortgage assistance.
      • Requires a minimum credit score of 640
      • Mortgage assistance up to $7,500
      • Single-family and owner-occupied

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