[DEV] Live Minneapolis - Saint Paul

Description: Minnesota Housing provides 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 Homeownership Assistance Fund (HAF). First time homebuyers interested in down-payment and closing costs assistance should contact a Minnesota Housing participating lender prior to signing a purchase agreement.  You may be eligible for the HAF, if you meet one of the following criteria:

• Borrowers eligible for the CASA program
• Qualify as an eligible target market 
• Household earning 60% (or less) of area median income

HAF Entry Cost Assistance provides up to $3,000 to help borrowers with down payment or closing costs.  HAF Monthly Payment Assistance provides up to $75 per month to help pay a portion of the monthly mortgage payment in the early years of the mortgage (available only with the Community Activity Set-Aside Program).

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

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