Infographic showing mortgage options with no down payment

Affordable Mortgage Options from BrightSide Lending

Dreaming of buying a home but worried about the down payment? You’re not alone—and better yet, you have options. At BrightSide Lending, we help Michigan homebuyers get approved for low down payment mortgages, no money down home loans, and down payment assistance programs that make homeownership more affordable than ever.

Here’s how you can buy a home in Michigan with little to no money out of pocket:

1. Down Payment Assistance Programs in Michigan

Many homebuyers qualify for down payment assistance (DPA) through state and local programs. These programs can help cover your down payment or closing costs—and sometimes both. DPA programs in Michigan include:

  • Grants: Free money that never has to be repaid
  • Deferred Payment Loans: Pay nothing until you sell, refinance, or pay off the mortgage
  • Forgivable Loans: These disappear over time if you remain in the home

We have access to several DPA programs and will help you find the one that fits best.

2. VA Loans – No Down Payment for Military and Veterans

If you’re a veteran, active-duty military member, or eligible surviving spouse, a VA loan is likely your best option. Backed by the U.S. Department of Veterans Affairs, VA loans offer:

  • Zero down payment
  • No monthly mortgage insurance
  • Competitive rates and flexible credit standards

VA loans are a powerful benefit you’ve earned—and BrightSide Lending is proud to help those who serve become homeowners.

 3. USDA Loans – No Down Payment for Rural and Suburban Areas

USDA home loans are another great zero-down mortgage option. Many areas in Michigan—yes, even some suburbs—qualify under the USDA’s guidelines.

With a USDA loan, you get:

  • 100% financing (no down payment)
  • Low interest rates
  • Affordable mortgage insurance premiums

If you’re buying outside a major city, ask us to check if the property qualifies as USDA-eligible—you might be surprised.

4. Conventional Loans with Just 3% Down

If you don’t qualify for a VA or USDA loan, don’t worry. Conventional loan programs like HomeReady and Home Possible allow down payments as low as 3%, often with reduced mortgage insurance and flexible underwriting.

These are perfect for:

  • First-time homebuyers
  • Moderate income households
  • Buyers with good credit but limited savings

We’ll help you compare the pros and cons of each program and find the best fit for your goals.

🏠 We Make It Easy at BrightSide Lending

At BrightSide Lending, our mission is to make homeownership in Michigan affordable and achievable. We’ll help you:

  • Get pre-approved fast
  • Qualify for grants or assistance
  • Explore low and no down payment mortgage programs
  • Work with your realtor to close smoothly

đź“ž Ready to Buy with No or Low Down Payment?

You don’t need 20% down to buy a home—you just need the right team in your corner. Let BrightSide Lending show you the BrightSide of mortgage lending. 👉 Call us at 586-270-5070
👉 Apply online at https://www.brightsidelending.com/purchase-assistant/