Minnesota Deferred Loan for Senior Homeowners

Minnesota Housing Finance Agency

Available Senior & Disability

About This Program

Zero-interest deferred loan for senior homeowners age 55+ in Minnesota to make essential home repairs and accessibility modifications. No monthly payments required; loan is repaid when the home is sold or title transfers.

Deferred loan with no monthly payment for senior homeowners 55+

Official program page checked live on 2026-06-17.

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

Key Details

  • Deferred loan up to $35,000 with 0% interest
  • For homeowners age 55 and older
  • No monthly payments during residency
  • Income limits apply (typically 115% AMI)
  • Repaid when home is sold or transferred

How to Apply

Get free help applying Visit Official Program Page Track this program

(800) 657-3769

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

You will likely need a contractor to apply

Projects like this almost always need a licensed contractor, and many grants ask for a written estimate as part of your application. Lining up a contractor in South St. Paul early keeps your application moving.

Get matched with a contractor

This program is usually a forgivable loan: you owe nothing if you stay in the home for the set period, but it may place a lien on the property until then.

Each program sets its own contractor rules. Check the official program page for exact requirements.

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).
  • Proof of age (driver's license or birth certificate) if the program is age-based.
  • A written estimate from a licensed contractor for the work (many programs require this to apply).
  • Photos of the problem area or the work to be done.
  • 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: Applications accepted year-round

Questions about this program?

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