Assistance program · Minnesota
Deferred Payment Loan (Start Up)
Minnesota state agency loan for the down payment and closing costs alongside the Start Up mortgage for first-time buyers: up to $14,000 (or $18,000 in the Plus version), with no interest or monthly payments, repaid at the end of the mortgage
At a glance
- Most it gives, per the source
- Up to $18,000
- What its page says; your amount depends on the price and the loan.
- Kind of help
- Deferred
- Second loan with no payments until you sell or refinance
- First-time buyer?
- Yes
- First-time buyers only
- Checked
- November 5, 2026
- Against the program's official page.
Type of help
What it is
- Second loan with no payments until you sell or refinance
What it gives
Up to $18,000
Source text
Up to $14,000. … No interest, no monthly payments. Balloon payment due in full at the end of the mortgage term. … Up to $18,000. … These loans, with amounts up to $18,000, are not grants. A summary of what the program publishes; not a loan offer or advice. Amounts, limits and funding change without notice.
At a glance
Who qualifies
Each answer comes from the program's page. "Not stated — ask" means its page doesn't make it clear: ask before you apply.
Source text
has not had an ownership interest in a principal residence in the last three years. … Income limits up to $156,100 based on county. … At least ONE borrower must complete an approved homebuyer education course before closing on the home. … Available with Start Up only - First-time buyers only Yes
- Homebuyer course required Yes
- Minimum credit score Not stated — ask
- Income limit Per the program table (by county and household size)
- Price limit Per the program table
- Mortgages it works with Not stated — ask
- Immigration requirement The source does not mention one — ask
- Accepts ITIN? Not stated — ask
- Spanish materials Yes
- Program status The source does not say whether it is open — ask
- Where it applies All of Minnesota
What its page says about being open
Its page does not say whether the program is open or has funds. Ask the lender or the agency before counting on it. Read on the official page on November 5, 2026.
Your area in numbers
What buying costs in Minnesota
The program covers all of Minnesota. The first column is Minnesota's figure; the second runs from the lowest to the highest among its counties. Limits change by county: check yours.
The typical home value ($329,300) fits within Minnesota's FHA limit ($541,287).
The program sets its income limit in its own table. For reference, HUD's low-income limit for 4 people in Minnesota is $79,750.
| Figure | Minnesota | Lowest to highest | Source |
|---|---|---|---|
| Typical home value | $329,300 | $114,100 (Traverse County) to $453,600 (Carver County) | U.S. Census Bureau |
| FHA limit (one-unit home) | $541,287 | $541,287 (Aitkin County) to $552,000 (Wright County) | HUD |
| Conforming limit (one-unit home) | $832,750 | $832,750 in all 87 counties | FHFA |
| HUD low income (80%), household of 4 | $79,750 | $78,400 (Aitkin County) to $106,800 (Olmsted County) | HUD |
Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024) · FHA mortgage limits (HUD) (2026 data) · Conforming loan limits (FHFA) (2026 data) · Income Limits (HUD) (Fiscal year 2026)
Step by step
How to use it, step by step
Each step comes from what the program's page says. What its page leaves out is further down, in the questions.
Find a participating lender-
Ask first whether it is open
Its page does not say whether it is open or still has funds. That is the first thing to ask.
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Confirm you count as a first-time buyer
The program requires it. Read on its page how it defines "first-time buyer" and whether there are exceptions.
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Find your county in the income table
The limit changes with the county and the number of people in your household. Count the income of everyone the program asks you to add.
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Take the homebuyer course
The program requires it. HUD-approved housing counseling agencies teach courses. Minnesota has 33 agencies on HUD's list, and 12 serve people in Spanish.
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Find a participating lender: state programs do not take applications directly; the lender reserves the assistance while processing your mortgage.
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Compare the total cost before you sign
Ask about the total cost. The mortgage with assistance may carry a higher rate than without it, and some programs charge for the course or a fee.
Before you call
What to ask
Its page leaves 6 points unclear. Write them down for when you talk to Minnesota Housing.
What its page does not say
- Is it open now, and does it still have funds?
- Is there a maximum price for the home?
- What minimum credit score do you require?
- Which mortgage types does it work with: FHA, VA, USDA or conventional?
- Which immigration status or residency documents do you ask for?
- Do you accept an ITIN?
Worth asking for this kind of help
- When is the second loan repaid: when I sell, refinance or pay off the mortgage?
Against the others
How it compares with Minnesota's other programs
The 2 programs we checked in Minnesota, with the same fields from their official pages. "Doesn't say" means its page does not make it clear.
It is the only one of Minnesota's 2 programs that requires being a first-time buyer. It is one of 2 out of 2 that publish an amount with the figure in their own wording. It is the only program in Minnesota on our list with "deferred" help. It is the only one that requires a homebuyer course.
Swipe the table to see every column.
| Program | Kind of help | Published amount | First-time buyers only | Course required | Accepts ITIN | Where it applies |
|---|---|---|---|---|---|---|
| Deferred Payment Loan (Start Up)this program | Deferred | Up to $18,000 | Yes | Yes | Doesn't say | Statewide |
| Monthly Payment Loan | Repayable | Up to $14,000 | No | Doesn't say | Doesn't say | Statewide |
Sources
How we checked this program
We read the program's official pages on November 5, 2026 and copied their text as it appears on them. We add no amounts or requirements those pages do not state, and a program is listed as open or closed only when its page says so.
We check every program again. If more than 180 days pass without a check, the page says so.
Get free help applying
A HUD-approved housing counselor explains the program's requirements, goes over your numbers and tells you what to ask the lender. They do not sell loans.
Find a counselor (HUD)Read before you apply
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Help and programs
Down payment assistance: how it works
What down payment assistance is, the types that exist (grant, forgivable or deferred second loan, tax credit), who qualifies and where to find it.
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Help and programs
Homebuyer education courses: when you need one
What a homebuyer education course is, when Fannie Mae, Freddie Mac and assistance programs require one, and where to take it for free or in Spanish.
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Help and programs
HUD housing counselors: what they do and what they cost
What a HUD-approved housing counselor does, what they help with (buying, renting, missed payments, credit), what they may charge and how to find one.
Your county
Price and income limits depend on the county. Your county page has the typical value, the FHA limit and the counseling agencies that can walk you through the application.