Your real Minnesota affordability, the Minnesota Housing Start Up Monthly / Deferred Payment Loan match, and a step-by-step plan — in 30 seconds. No email required.
Calculate your Minnesota number — free →The Minnesota Housing Start Up Monthly / Deferred Payment Loan is Minnesota's flagship statewide down payment assistance, administered by the state housing finance agency (second loan). Current amounts, income limits and credit requirements are set by the agency — confirm them on the official program page. Cities and counties in Minnesota often add their own programs on top.
Official Minnesota program page →Minnesota's main statewide option is the Minnesota Housing Start Up Monthly / Deferred Payment Loan — second loan administered by the state housing finance agency. Many cities and counties in Minnesota add their own programs on top, so it is worth checking all three levels.
It depends on your income, debts and credit. The calculator applies the FHA 31%/43% debt-to-income rule to estimate your price, then shows how much of your down-payment gap Minnesota assistance could cover. Most buyers pair it with a 3% conventional or 3.5% FHA down payment.
Many state programs set a 620 minimum credit score alongside income limits based on area median income. Exact requirements are set by the agency — verify current terms on the official Minnesota Housing Start Up Monthly / Deferred Payment Loan page before applying.