See programs you qualify for

Get Matched Free →

Minnesota Housing Monthly Payment Loan

Administered by:
Minnesota Housing Finance Agency
· State · Repayable Loan
Funding status: Active

How much assistance

Repaid in monthly payments over 10 years at the same interest rate as the first mortgage.

Eligibility

  • Income limits: Follows the Start Up or Step Up program income limits the borrower is using.
  • First-time buyer required: No
  • Credit score minimum: 640
  • Geographic restrictions: Property must be located in Minnesota.
  • Homebuyer education required: Yes

How to Apply for Minnesota Housing Monthly Payment Loan

Available to Start Up or Step Up borrowers. Apply through a Minnesota Housing-approved participating lender at the same time as the first mortgage.

Learn More About Homebuying in Minnesota

Cities Where This Program Is Available (43 cities across 1 state)

Available Statewide In