Minnesota Housing Step Up Program

Geographic Service Area: 
Available Statewide
Program Details: 
Available for non-first-time homebuyers
Purchase or re-finance
Purchase price and income limits apply

Step Up is a non-first-time homebuyer loan program that helps low and moderate income Minnesotans buy a home or refinance their home. The Step Up Program provides affordable, low, fixed interest rates for eligible borrowers statewide. Visit for full program details.


  • Low, affordable Minnesota Housing interest rates
  • Access to Minnesota Housing’s Monthly Payment Loan (insert link to section) for downpayment and closing costs.
  • Conventional product available with no mortgage insurance—only 3% downpayment needed
  • Lower private mortgage insurance rates for conventional-insured loans—only 3% downpayment needed
  • FHA 203(k) Streamlined purchase/repair product option available
  • Premium Pricing option allows refinance borrowers to reduce their out-of-pocket closing costs.  Monthly Payment Loan not available with this option.

Elgibility Requirements:

You may be eligible if you: