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Minnesota Mortgage Program

Geographic Service Area: 
Minnesota
Program Details: 
Available for first-time homebuyers (or those who have not owned a home in the last 3 years)
Purchase price and income limits apply

Minnesota Housing's Minnesota Mortgage Program (MMP) is a first time homebuyer loan program that helps low to moderate income Minnesotans buy a home. The affordable, low, fixed interest rates are available to eligible homebuyers statewide. Find out today how you can be on the road to successful homeownership with the Minnesota Mortgage Program.

Program Eligibility
You may be eligible, if you:

  • Are a first-time homebuyer (meaning that you have not owned a home for the past three years)
  • Have federal income tax return copies for the last 3 years
  • Have acceptable credit
  • Have an income at or below prescribed Minnesota Housing income limits and want to buy a qualifying home

Downpayment and Closing Cost Assistance
Minnesota Housing provides the opportunity for eligible targeted borrowers who qualify for a Minnesota Housing loan to receive an interest-free, deferred loan to help with downpayment and closing costs through the Homeownership Assistance Fund (HAF).

First time homebuyers interested in using HAF should contact a Minnesota Housing participating lender prior to signing a purchase agreement. Participating lenders can determine the level of HAF eligibility to maximize your purchasing power.

Find a Minnesota Mortgage Program Lender in the Twin Cities or in Greater Minnesota.

For more information
For more information on the Minnesota Mortgage Program, call the Minnesota Housing Consumer Information Line at 651-296-8215 or 1-800-710-8871.