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Down Payment Assistance Deferred Loans (Willard Hay and Near North neighborhoods) PDF Print E-mail

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



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