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Down Payment Assistance

Down Payment Assistance


Don’t let a downpayment stand in your way of buying a home.

When you get a Minnesota Housing mortgage, you may also be eligible for a downpayment and closing cost loan.


Monthly Payment Loan

The Monthly Payment Loan can be used with Start Up, Step Up, or the Mortgage Credit Certificate program.

The interest rate is equal to your first mortgage rate, and you’ll pay monthly payments for a 10-year loan term.


Deferred Payment Loan

The Deferred Payment Loan can be used with the Start Up program and is only for first-time homebuyers. There are two options:

  • Deferred Payment Loan

  • Deferred Payment Loan Plus

There is no interest, and the loan term is equal to your first mortgage term. Repay the loan when you move, sell, or refinance your property. 

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