Minnesota Housing Entry Cost Homeownership Assistance

Minnesota Housing Finance Agency

Available Down Payment

About This Program

Down payment and closing cost assistance for first-time homebuyers with income at or below 80% AMI. Must be used with Minnesota Housing first mortgage program. Deferred loan forgiven after 10 years.

Deferred loan for down payment and closing costs; forgiven after 10 years

Official source site checked live on 2026-06-17.

Data last verified 2026-06-09. How we verify our data.

Key Details

  • Up to $7,500 for down payment and closing costs
  • For first-time homebuyers at or below 80% AMI
  • Must use Minnesota Housing first mortgage
  • Deferred loan forgiven after 10 years
  • Available through participating lenders

How to Apply

Get free help applying Visit Official Program Page Track this program

(800) 710-8871

A grant-savvy contractor in Red Wing, MN can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Your application paperwork

Documents you will likely need

  • Proof you own and live in the home (deed, recent mortgage statement, or property tax bill).
  • A government-issued photo ID for every owner on title.
  • Household income proof (recent pay stubs, last year's tax return, or benefit award letters for everyone in the home).
  • The program's own application form, completed (use the official link or phone number on this page).
Download this checklist (PDF)

Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.

Deadline: Ongoing through participating lenders

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