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Make it Possible Program

Geographic Service Area: 
St. Paul
Income Limit: 
Up to 115% of Area Median Income
Program Details: 
Second mortgage program
Loans range from $3,000 to $45,000
Entry cost and/or closing cost assistance, equity contribution or rehabilitation

The Make it Possible Program (MPP) is a program under the Sustainable Home Ownership Program (SHOP).

Through the MPP, a 3-percent down payment will be required of buyers/borrowers, and buyers/borrowers who qualify for a first mortgage representing 80 percent or less of the appraised value of the property through a private mortgage lender under standard underwriting criteria will be able to receive the difference of up to 20% of the remaining value in a second mortgage loaned at 3.5 percent payable over a 15-year period. This eliminates the need for a buyer to purchase private mortgage insurance when a loan exceeds 80% of the appraised value.
 
Daytons Bluff Neighborhood Housing Services (DBNHS) is the program administrator and loan originator of the Make it Possible Program. This program can be utilized by existing homeowners to refinance variable rate mortgages into a long-term, fixed-rate mortgage, or for new mortgages for homebuyers.
 
SHOP is a partnership between the City of St. Paul's Department of Planning and Economic Development (PED) and the Daytons Bluff Neighborhood Housing Services (DBNHS) working together with local lender University Bank and the Family Housing Fund (FHF).
 
For program guidelines, click here. For an application, click here.
 
For more information
Contact Daytons Bluff Neighborhood Housing Services or call 651-774-6995.