Minnesota Housing Start Up, Deferred Payment Loan Plus (St. Paul)

Minnesota Housing Finance Agency (MHFA) / City of Saint Paul

Available Down Payment

About This Program

Minnesota Housing's Start Up program offers Deferred Payment Loan Plus (DPL+) of up to $18,000 for down payment and closing costs for St. Paul homebuyers. The DPL+ is a 0% interest deferred loan due on sale, transfer, or maturity. St. Paul may also offer local down payment assistance through SPARC (Saint Paul Area Reinvestment Council) and neighborhood CDFIs.

First-time homebuyers in St. Paul using MN Housing first mortgage

Key Details

  • Up to $18,000 as Deferred Payment Loan Plus (0% interest)
  • No monthly payment, due on sale, transfer, or maturity
  • Must pair with MN Housing Start Up first mortgage
  • Ramsey County income limits: up to $138,000 for 3+ persons
  • Contact MN Housing: 651-296-8215 or 800-710-8871

How to Apply

Visit Official Program Page Track this program

651-296-8215

Deadline: Rolling through MN Housing-approved lenders

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