Finance
In Michigan, the 'Michigan State Housing Development Authority' (MSHDA) MI Home Loan program offers:
AOnly commercial development financing
BBelow-market rate mortgages and down payment assistance for first-time and repeat homebuyers meeting income limits✓ Correct
CGrants for home renovation projects
DStudent loan forgiveness for teachers who buy homes in Michigan
Explanation
MSHDA's MI Home Loan program offers below-market interest rate mortgages and down payment assistance (DPA) grants to eligible first-time and repeat homebuyers in Michigan who meet income and purchase price limits, helping make homeownership more accessible.
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