Mortgage rates starting at:

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Why choose Minnesota Housing?

  • Affordable interest rates
  • Purchase and refinancing options available
  • Three downpayment and closing cost loan options with amounts up to $10,000 for eligible borrowers
  • Statewide network of experienced lending partners
  • Order marketing materials from Minnesota Housing and have them mailed directly to you.

What do Minnesota Housing Mortgage Loan Programs have to offer?

Start Up
First-time Homebuyer Loans
First-time Homebuyer Tax Credit
through the MCC Program - Limited Time Only
  • Affordable fixed-rate purchase loan with three downpayment and closing cost loan options.
  • See Start Up brochure for more information.
  • Tax credit program that could save you up to $2,000/year on your federal income taxes.
  • Affordable fixed-rate purchase loan with one downpayment and closing cost option. 
  • See MCC flyer and Potential Benefits for more information.
Step Up
Non-First-time Homebuyers Loans
Downpayment and Closing Cost Loans
(with a Minnesota Housing First Mortgage)
  • Affordable fixed-rate purchase or refinance loan with one downpayment and closing cost loan option.
  • See Step Up brochure for more information.
  • Three downpayment and closing cost options with a Minnesota Housing First Mortgage.
  • Compare program options for loan descriptions.
 

Downpayment and Closing Cost Assistance Options

Eligible Minnesota Housing borrowers have access to three downpayment and closing cost options, with availability depending on the program selected. Additional eligibility requirements apply.

Requirements for all downpayment/closing cost loan options:

• Borrower must contribute $1,000 or 1% of the purchase price, whichever is less