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Minnesota Housing Downpayment and Closing Cost Loans

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Is a MN Housing Downpayment And Closing Cost Loan right for you?

Need help with your downpayment? Concerned about paying for closing costs? We can help! Minnesota Housing downpayment and closing cost loan programs provide up to $18,000 to help you bridge the gap and become a homeowner. Depending on your need and eligibility, choose from the Monthly Payment Loan with the same affordable interest rate as your first mortgage or a Deferred Payment Loan with no interest.

Downpayment and Closing Cost Loans
Mortgage Loan
Downpayment and Closing Cost Loans

Benefits Of A Downpayment And Closing Cost Loan

MONTHLY PAYMENT LOAN

  • Loans up to $18,000
  • Available with Start Up and Step Up loan
    programs

DEFERRED PAYMENT LOAN

  • Loans up to $16,500 (up to $18,000 for borrowers who meet criteria for Deferred Payment Loan Plus)
  • Available with the Start Up loan program

Downpayment And Closing Cost Loan eligibility requirements

  • Income limits
  • Minimum credit score
  • Home cost limits apply
  • Loans must be fully repaid
Downpayment and Closing Cost Loans

No matter what your situation is, there is a home financing solution for you. First Class Mortgage Maple Grove is ready to guide you through your options and get you the best loan program possible!

Conventional

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FHA

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VA

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CROSS – Peace of Mind Housing Fund

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Brandl Anderson $10,000 Incentive

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Doctor Program

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ARM

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HELOC

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Jumbo

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Renovation

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USDA

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2-1 Buydown

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Homes for Heroes

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Downpayment and Closing Cost Loans

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Minnesota Affordable Programs

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