Minnesota Mortgage Program

You Can Own A Home!
The Minnesota Mortgage Program (MMP) is a first time homebuyer loan program that helps low to moderate income Minnesotans buy a home. The affordable, low, fixed interest rates are available to eligible homebuyers statewide. Find out today how you can be on the road to successful homeownership with the Minnesota Mortgage Program.

Am I Eligible for a Minnesota Mortgage Program loan?

If you:

Are a first-time homebuyer,
Have federal income tax return copies for the last 3 years,
Have acceptable credit,
Have an income at or below prescribed Minnesota Housing limits and want to buy a qualifying home,

You may be eligible.

Look for a Lender
Minnesota Housing allows our Lending Partners flexibility in determining the method that they wish to use to distribute mortgage funds, as long as the method chosen is fair and equitable to all potential applicants.

Downpayment and Closing Cost Assistance
Minnesota Housing provides the opportunity for eligible targeted borrowers who qualify for a Minnesota Housing loan to receive an interest-free, deferred loan to help with downpayment and closing costs through the Homeownership Assistance Fund (HAF).

First time homebuyers interested in using HAF should contact a Minnesota Housing participating lender prior to signing a purchase agreement. Participating lenders can determine the level of HAF eligibility to maximize your purchasing power.

Contact
For more Minnesota Mortgage Program information call the Minnesota Housing Consumer Information Line at 651-296-8215 or 1-800-710-8871.

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Minnesota Mortgage Program

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