Down Payment Assistance

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MINNESOTA HOUSING FINANCE AGENCY LOAN

The MHFA down payment assistance program is available to first time homebuyers.  This program offers up to $17,000.00 towards closing costs and down payment. This is a zero interest loan with no required monthly payments.  The funds need only be repaid once the primary mortgage is  paid off or refinanced. 

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Eligibility Requirements:

• Must be a borrowers first home purchase

• All borrowers are required to contribute at least $1,000 towards the purchase of their home.

• Credit Score and income are reviewed

• Homeowner Education class is required

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Phone number- 612-209-7922

Email-

Information from source below