Down Payment Assistance

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. 

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

Phone number- 612-209-7922

Email- Mark@marksvihel.com