| Down Payment Assistance Deferred Loans (Willard Hay and Near North neighborhoods) |
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Description: Deferred loans of up to $5,000 are available for down payment and closing cost assistance for buyers in the Willard Hay and Near North neighborhoods. Interest rate is 2%, but loan repayment is forgiven after 7 years of continued ownership and residency. Buyers must intend to owner-occupy a single-family home, duplex, townhome, or condominium. There are no income restrictions, nor does the buyer need to be a first-time home buyer. Loans are administered by Neighborhood Housing Services of Minneapolis. For more information, contact: Neighborhood Housing Services of Minneapolis Phone: 612-521-3581 Add this page to your favorite Social Bookmarking websites         |
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