MSHDA Loans
The Michigan State Housing Development Authority (MSHDA) through its Property Improvement Program (PIP), provides low-interest improvement loans to eligible homeowners and landlords. PIP loans are available for site-built homes, qualified condominiums and manufactured/mobile homes.
- Summary
- Homeowners must occupy the property as a permanent year-round residence
- Landlord rental properties consisting of 11 or fewer units are eligible
- Loan proceeds shall only be used to finance property improvements which protect and improve the basic livability of the property
- Program income limits apply
- Interest rates vary based upon the borrower's gross household income
- Contact
To apply contact one of our MSHDA approved lenders:
Joann Dehring
Alpena Main Branch
100 S. Second Ave.
Alpena, MI. 49707
989-354-7397 Telephone
jdehring@first-federal.com
Rosita Perez
Mio Branch
308 N. Morenci Street
Mio, MI 48647
989-826-3274 ext. 7302
rperez@first-federal.com
