Minnesota Housing Homeowner Entry Loan Program (HOME HELP)

Description: Minnesota Housing provides the opportunity for eligible homebuyers who qualify for a Minnesota Housing loan to receive an interest-free, deferred loan to help with down-payment and closing costs through the Homeowner Entry Loan Program (HOME HELP). First time homebuyers interested in down-payment and closing costs assistance should contact a Minnesota Housing participating lender prior to signing a purchase agreement. Participating lenders can determine the level of eligibility. You may be eligible for HOME HELP if you:

Are eligible for the CASA program
Have an income at or below Minnesota Housing HOME HELP program limits
Qualify as an eligible target market for one of the CASA Community Initiatives in either the Twin Cities Metro Area or Greater Minnesota approved to offer HOME HELP

HOME HELP provides an interest free, deferred loan with repayment of the full loan amount in the first five years of the loan; where after the first five years, 30% of the initial loan amount is due upon maturity of the CASA first mortgage.

Consumer information about the HOME HELP and the new HOME HELP II program.

For more information, contact:
Minnesota Housing
Phone: 651-296-8215
Web: http://www.mnhousing.gov/

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