Minnesota Housing Start Up Loan — Down Payment Assistance

About This Program

Minnesota Housing's Start Up program pairs a below-market first mortgage with a Monthly Payment Loan (MPL) or Deferred Payment Loan Plus (DPL+) for down payment assistance up to $18,000. The DPL+ is a 0% interest deferred loan due on sale or maturity. Minneapolis Community Planning & Economic Development (CPED) also offers additional local DPA that can be layered.

First-time homebuyers using MN Housing first mortgage product

Key Details

• Up to $18,000 as Deferred Payment Loan Plus (0% interest)
• Must pair with MN Housing Start Up first mortgage
• Deferred — due on sale, transfer, or maturity
• Hennepin County income limits: up to $138,000 for 3+ persons
• Contact MN Housing: 651-296-8215 or 800-710-8871

How to Apply

Deadline: Rolling through MN Housing-approved lenders