DOWN PAYMENT ASSISTANCE PROGRAMS IN MN

- Tired of Renting?  Ready to become a homeowner?

- Have OK Credit and stable employment?

- Have a few thousand in the bank?
- Have at least $1,000 of your own money for down payment?

We Can Probably Help You Buy a Home!

Mortgages Unlimited has been helping Minnesota first time homebuyers since 1991. We partner with the Minnesota Housing Finance Agency (MHFA) to offer safe and affordable home loans, including loans combined with down payment assistance.

Why Choose An MN First Time Home Buyer Loan?

• Below market affordable interest rates
• Special programs available anywhere in Minnesota
• Down Payment Assistance loans for eligible homebuyers

To Be Eligible for Down Payment Assistance

• Be a first time homebuyer (have NOT owned a home the past 3-years)
• Be credit qualified, with at least a 660 middle credit score
• Have at least $1,000 of your own money for down payment (or 1% of the purchase price if home is under $100,000)
• Meet down payment assistance household income requirements
• Meet program requirements for sale price of the home
• Meet standard FHA loan, USDA Loan, VA Loan, or Conventional loan guidelines

First Time Home Buyer and Down Payment Assistance Guidelines

Follow this link to view current

- Startup Program income, home cost, and down payment assistance guidelines.

How To Apply for First Time Home Buyer Loans

It's easy!  Simply fill out the online mortgage loan application, or call us at (651) 552-3681. We can take your application over the phone, or schedule an appointment at our St Paul, MN office.

--- The fine print -----

Mortgages Unlimited. 33 Wentworth Ave, St Paul, MN 55118. Equal Housing Lender. Not all customers will qualify. Informations, rates, guidelines subject to change without prior notice. All loans subject to credit and property approval. Not all products available in all states or areas. Other restrictions and limitations apply. Licensed in MN, WI, and SD. NMLS ID #225504. This is not an offer to enter into an agreement. Any such offer may only be made in accordance with the requirements of MN stat. Sec 47.206 (3) and (4).