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Zero & Low Down-Payment Mortgages

Buy a Home in Michigan with Little or No Money Down

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No Down Payment? No Problem.

Looking to buy a home in Michigan?

Discover four powerful mortgage assistance options that make homeownership affordable with low or zero down-payments and exclusive benefits for qualified buyers.

Keys and letters HOME on a table

MSHDA Down Payment Assistance – Up to $10,000 Help

Buy a home with up to $10,000 in help!

The Michigan State Housing Development Authority (MSHDA) offers a powerful down-payment assistance program.

Program Highlights

  • $10,000 loan at 0% interest – forgiven after 5 years
  • Works with FHA, VA, USDA, or Conventional loans
  • Use toward closing costs and upfront savings

Eligibility Requirements

✔ First-time buyer or haven’t owned in 3+ years
✔ Flexible credit requirements
✔ Income and home price limits apply
✔ Property must be in an approved area

Why First-Time Buyers Love It

  • Makes homeownership more affordable
  • Lowers cash out of pocket so money can be used for upcoming home improvement projects
  • Low fixed rates lower monthly payments

Call: (269) 364-6000

Learn More or Apply Now
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USDA Rural Development Loan – 100% Financing

Zero Down. Low Rate. Big Opportunity.

The USDA Rural Development Loan is perfect for those looking to buy in eligible rural or suburban areas in Michigan with $0 down.

Program Highlights

  • 100% financing – no down payment required
  • Low interest rates and reduced mortgage insurance
  • Flexible credit guidelines
  • Available in most southwest Michigan communities
  • Check a home's location

Eligibility Requirements

✔ Property must be in a USDA-approved rural area
✔ Household income limits apply
✔ Must be your primary residence✔ Must meet credit and debt-to-income ratio requirements

Ideal For These Types of Buyers

  • Buyers with limited savings
  • Families seeking peaceful communities outside of urban centers
  • First-time homebuyers who qualify based on income and area

Find Out If Your Area Qualifies

Call: (269) 364-6000

Get Started
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VA Home Loan – No Down Payment for Veterans

You Served. Now It’s Your Turn to Own.

The #1 benefit for Veterans buying a home in Michigan is zero down, no PMI, and easier approval.

The VA loan program offers unparalleled benefits to eligible Veterans, service members, and certain surviving spouses seeking to purchase a home.

Program Highlights

  • $0 down payment
  • No monthly mortgage insurance (PMI)
  • Lower interest rates
  • Assumable & reusable benefit
  • Flexible credit guidelines

Eligibility Requirements

✔ Must meet service requirements: active-duty, veteran, or eligible surviving spouse
✔ Must have a valid Certificate of Eligibility (COE)
✔ Property must be your primary residence

Why Veterans Choose VA Loans

  • Save thousands over the life of the loan
  • Easier qualification than many other loan types
  • Assumable and reusable loan benefit
  • Because they've earned it

Learn more: kalamazoomortgage.com/va
Call: (269) 364-6000

Get Pre-Approved Today
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Mortgage Credit Certificate (MCC) – Annual Tax Savings

Turn Your Mortgage Into a Tax Break!

With the Michigan MCC Program, homebuyers can save money every year through a federal income tax credit.

Program Highlights

  • Get up to 20% of annual mortgage interest back as a tax credit
  • Save up to $2,000/year
  • Combine with MSHDA or other loan programs

Eligibility Requirements

✔ Property must be in an approved area
✔ Income and home price limits apply
✔ Kalamazoo Mortgage is a proud MCC-approved lender

Why It Matters

  • You get to keep more of your hard-earned money
  • Credit is dollar-for-dollar, unlike a deduction
  • Can increase take-home pay when used with W-4 adjustments
  • Can knock years off mortgage if credit is applied to balance annually

Call: (269) 364-6000

Start Saving With Your Mortgage

Start Your Homeownership Journey Today

✔ Trusted Michigan mortgage lender
✔ Specializing in zero and low down-payment programs
✔ Experts in guiding first-time buyers
✔ Veteran-owned lender and veteran advocate proficient in VA loan process
✔ Local experts serving Kalamazoo and Southwest Michigan

Call Now: (269) 364-6000

Apply Now