A low down-payment mortgage loan for Michigan first-time homebuyers.
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Down Payment Assistance

Buying a home is expensive, especially when it’s your first home. We are proud to offer down payment assistance to eligible first-time and repeat homebuyers in Michigan.

Finding Down Payment Assistance in Michigan

The MI State Housing Development Authority (MSHDA) offers down payment assistance loans through lending partners like West Shore Bank. Borrow up to $7,500 statewide or up to $10,000 in select zip codes, including some of the communities we serve in West Michigan. A down payment assistance loan is a second loan, in addition to your mortgage loan. Borrowers must complete a Housing Education class first.

How To Qualify For a Down Payment Assistance Loan

he MSHDA sets the requirements for qualifying for down payment assistance.
  • Available to first-time homebuyers (have not owned a home in the previous three years) statewide and repeat homebuyers in targeted areas.
  • Household income limits apply and can vary depending on family size and property location.
  • Sales Price limit is $224,500 statewide.

  • Minimum credit score of 640 required or 660 for multiple-section manufactured homes.

Learn More About Down Payment Assistance Loans!

West Shore Bank's mortgage lenders are based in your Northern Michigan and West Michigan communities along the lakeshore. All of our decision-making and loan processing is done locally. With attentive, friendly service from start to finish, we can help you find the mortgage loan solution that is right for you. Contact us to learn more about Down Payment Assistance from MHDA or visit one of our nine nine locations in Ludington, Frankfort, Hart, Manistee, Onekama, Scottville, or Traverse City.

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Get more control over your accounts, budget and financial goals. 

Pay your loans easier with a West Shore Bank checking account.