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Get Matched Free →Minnesota Housing Deferred Payment Loan
Funding status: Active
How much assistance
No monthly payments. Loan is repaid in full when the home is sold, title is transferred, the home is no longer the primary residence, the first mortgage is refinanced (unless with Step Up), or the first mortgage is paid off.
Eligibility
- Income limits: Must qualify for the Start Up Program; income limits follow Start Up.
- First-time buyer required: Yes — A buyer who has not had ownership interest in a principal residence in the last 3 years.
- Credit score minimum: 640
- Geographic restrictions: Property must be located in Minnesota.
- Homebuyer education required: Yes
How to Apply for Minnesota Housing Deferred Payment Loan
Available only to Start Up first-mortgage borrowers. Apply through a Minnesota Housing-approved participating lender at the same time as the first mortgage.
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Cities Where This Program Is Available (43 cities across 1 state)
Minnesota (43 cities)
- Andover, MN
- Apple Valley, MN
- Austin, MN
- Blaine, MN
- Bloomington, MN
- Brooklyn Center, MN
- Brooklyn Park, MN
- Burnsville, MN
- Chanhassen, MN
- Chaska, MN
- Coon Rapids, MN
- Cottage Grove, MN
- Duluth, MN
- Eagan, MN
- Eden Prairie, MN
- Edina, MN
- Elk River, MN
- Fridley, MN
- Inver Grove Heights, MN
- Lakeville, MN
- Mankato, MN
- Maple Grove, MN
- Maplewood, MN
- Minneapolis, MN
- Minnetonka, MN
- Moorhead, MN
- Oakdale, MN
- Owatonna, MN
- Plymouth, MN
- Prior Lake, MN
- Ramsey, MN
- Richfield, MN
- Rochester, MN
- Rosemount, MN
- Roseville, MN
- Saint Paul, MN
- Savage, MN
- Shakopee, MN
- Shoreview, MN
- St. Cloud, MN
- St. Louis Park, MN
- Winona, MN
- Woodbury, MN