Minnesota Housing Deferred Payment Loan
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