Minnesota Down Payment Assistance for Existing Homeowners
Down Payment Assistance isn't just for first time home buyers! We are pleased to offer a new program for current homeowners or those that have owned a home within the last 3 years. The Step Up Program is a statewide Minnesota Housing program available to all Minnesotans!
Step Up Program Bennefits:
- As little as 3% down with $15,000 closing costs and downpayment loans available
- Low or no mortgage insurance option
- Affordable fixed rate interest rates for the life of the loan
Eligibility Guidlines:
- Existing homeowner or have owned in the last 3 years
- Purchase Limit of $306,000 (11 County Twin Cities Metro) and $253,800 (Outside 11 County Metro)
- Income Limit
- Minimum Credit Score