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Minnesota Housing Deferred Payment Loan

Geographic Service Area: 
Available Statewide
Program Details: 
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.

More information on loan amounts can be found on the Minnesota Housing website. 

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