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Minnesota Housing Deferred Payment Loan

Geographic Service Area: 
Twin Cities metro area
Program Details: 
Up to $6,000 or $7,500 available.
Purchase price and income limits apply

Minnesota Housing provides the opportunity for eligible homebuyers who qualify for a Minnesota Housing loan to receive an interest-free, Deferred Payment Loan to help with downpayment and closing costs.

Visit www.mnhousing.gov for full program details.

Up to $6,000 or $7,500 available

Maximum loan amount is $6,000 for DPL

For eligible borrowers, DPL+ is up to $7,500. Borrower must meet two of the four criteria:

  • Single parent household with a dependent

  • Household of four or more people

  • Disabled household member

  • Front-end ratio of 28% or higher