Down Payment Assistance Loan (MN): Up to $20,000
City of Minneapolis · City of Minneapolis, Minnesota
At a glance: Up to $20,000, deferred loan (no payments until you sell, refinance or pay off). Checked against the official page on Nov 3, 2026.
| Assistance type | Deferred loan — No payments until you sell, refinance or pay off |
|---|---|
| Amount | Up to $20,000 |
| Income limit | Not verified on the official page — check the source |
| Purchase price limit | Not verified on the official page — check the source |
| First-time buyer rule | Not verified on the official page — check the source |
| Status | Offered |
| Status note | Not verified on the official page — check the source |
| Details | 30-year deferred, no-interest loan. The amount depends on household income and the City's available funds. |
| Official source | https://www.minneapolismn.gov/resident-services/property-housing/housing/owning/down-payme (opens in new tab) |
| Last checked | Nov 3, 2026 (automated fetch) |
Go to the official program page ↗ Report a correction
Other Minnesota programs
- Deferred Payment Loan — Up to $14,000 (Deferred Payment Loan Plus: up to $18,000)
- Monthly Payment Loan — Up to $14,000
← All Minnesota programs · Check eligibility · Compare with other programs
Common questions
How much is Down Payment Assistance Loan?
Up to $20,000 (per the official page, checked Nov 3, 2026).
Is Down Payment Assistance Loan a grant or a loan?
Deferred loan: no payments until you sell, refinance or pay off.
How does Down Payment Assistance Loan work?
30-year deferred, no-interest loan. The amount depends on household income and the City's available funds.
Is Down Payment Assistance Loan still available in 2026?
The official page listed it as offered when we last checked on Nov 3, 2026. Funding can change, so confirm with the administrator.
Who runs Down Payment Assistance Loan?
City of Minneapolis, City of Minneapolis, Minnesota. Apply through the program or one of its participating lenders.
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