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Get Matched Free →Fridley Down Payment Assistance Deferred Loan
Funding status: Active
How much assistance
Up to $10,000 for households below 80% AMI; up to $5,000 for households below 110% AMI
Loan term up to 30 years. If the borrower has not sold or transferred title and still occupies the property 30 years from the date of the loan, the loan is 100% forgiven.
Eligibility
- Income limits: Below 80% AMI for $10,000 tier; below 110% AMI for $5,000 tier.
- First-time buyer required: Yes —
- Geographic restrictions: Property must be a 1-4 unit home located in the City of Fridley, Minnesota, including townhomes, condominiums, and properties held in a trust.
- Homebuyer education required: Yes
How to Apply for Fridley Down Payment Assistance Deferred Loan
Apply through the Center for Energy and Environment (CEE), which administers the loan on behalf of the Fridley HRA. Buyers must complete a Home Stretch workshop or other valid HUD-approved homebuyer course before closing. A signed and executed purchase agreement plus the application must be submitted at least four weeks prior to closing.
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