FINANCIAL ADVANTAGE
Additional Benefits For Michigan Veterans
Michigan Veterans and their families may qualify for valuable state and federal benefits that can lower property taxes, reduce higher-education costs, and make homeownership more affordable. Understanding the Michigan disabled Veteran benefits available to you—from a full homestead property tax exemption to tuition grants for eligible children and VA-backed home loans—can help you make the most of the benefits you’ve earned through military service.
Tax Relief
Property Tax Exemptions for Veterans in Michigan
- Qualifying disabled Veterans can receive a 100% property tax exemption on their homestead. Michigan exempts real property owned and used as a homestead by a qualifying disabled Veteran who was discharged from the U.S. Armed Forces under honorable conditions. Michigan Treasury identifies this as a 100% exemption from property taxes when the Veteran meets the program's disability and other eligibility requirements.
- The exemption can continue for an unremarried surviving spouse. Michigan law also allows the unremarried surviving spouse of a qualifying disabled Veteran to receive the exemption on real property the surviving spouse owns and uses as a homestead, subject to the program's requirements.
Family Tuition Assistance
Education Benefits for Michigan Veterans & Families
- Children of totally and permanently disabled Veterans may receive up to $11,200 in tuition assistance. Michigan's Children of Veterans Tuition Grant (CVTG) helps natural or adopted children of qualifying Michigan Veterans who died or became totally and permanently disabled due to a service-connected illness or injury, or who are listed as MIA. Eligible undergraduate students can receive assistance for up to four academic years or eight semesters, with a maximum total award of $11,200.
- Full-time students can receive up to $2,800 per academic year. For 2026–27, eligible full-time students can receive up to $2,800 annually ($1,400 per semester). Three-quarter-time students can receive up to $2,100 annually, while half-time students can receive up to $1,400. Students generally must be older than 16 and younger than 26, meet Michigan residency requirements, complete the FAFSA, maintain at least a 2.25 cumulative GPA, and satisfy other program requirements.
Home Financing
Home Loan Benefits for Michigan Veterans
- Eligible Michigan Veterans may be able to buy a home with no down payment. VA-backed purchase loans can help eligible Veterans and service members buy, build, or improve a primary residence. VA-backed purchase loans generally require no down payment when the sales price isn't higher than the home's appraised value, subject to VA and lender requirements. In fact, VA reports that nearly 90% of VA-backed home loans are made without a down payment.
- VA-backed loans don't require monthly mortgage insurance. Eligible borrowers don't have to pay monthly private mortgage insurance (PMI) or mortgage insurance premiums (MIP) on a VA-backed purchase loan. VA loans may also offer competitive rates and terms, fewer closing costs, and no penalty for paying the loan off early.