Down Payment Assistance Deferred Loans (Willard Hay and Near North neighborhoods)

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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“I love the proximity to light rail, Lake Street and Minnehaha Falls. I am 15-20 minutes from anything in the Metro area. The homes are well cared for and the neighbors are active and very nice. I feel good about raising my family here.”

- Jeremy
Standish neighborhood, Minneapolis

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