Minnesota down payment assistance, deep-checked against current state program sources.
A current inventory of state-run and state-administered assistance in Minnesota, plus national DPA options. Funding and rate sheets can still change after this review date.
Reviewed September 11, 2026 • Joshua Dobson, NMLS #190260
Quick comparison
| Program | Potential assistance | Published min. FICO | Repayment/Forgiveness | Biggest catch |
|---|---|---|---|---|
| Minnesota Housing Monthly Payment Loan | Up to $14,000 | product/program specific | 15-year amortizing second; interest generally matches first mortgage | Verify live funding and current lender matrix before relying on the program. |
| Minnesota Housing Deferred Payment Loan (DPL) | Up to $14,000 | product/program specific | 0% deferred/no monthly payment; balloon due under program terms | Verify live funding and current lender matrix before relying on the program. |
| Minnesota Housing Deferred Payment Loan Plus (DPL+) | Up to $18,000 | product/program specific | 0% deferred/no monthly payment; additional targeting rules apply | Verify live funding and current lender matrix before relying on the program. |
Minnesota Housing Monthly Payment Loan
Minnesota Housing Monthly Payment Loan is a current state-administered homebuyer assistance option. Mortgage Navigator uses the administering agency as the controlling source and avoids filling changing details with stale third-party numbers.
Published minimum FICO: product/program specific
Minnesota Housing Deferred Payment Loan (DPL)
Minnesota Housing Deferred Payment Loan (DPL) is a current state-administered homebuyer assistance option. Mortgage Navigator uses the administering agency as the controlling source and avoids filling changing details with stale third-party numbers.
Published minimum FICO: product/program specific
Minnesota Housing Deferred Payment Loan Plus (DPL+)
Minnesota Housing Deferred Payment Loan Plus (DPL+) is a current state-administered homebuyer assistance option. Mortgage Navigator uses the administering agency as the controlling source and avoids filling changing details with stale third-party numbers.
Published minimum FICO: product/program specific
National programs Minnesota buyers should also check
National Homebuyers Fund
NHF multi-state assistance may be available through participating lenders. Current lender/product terms control credit, pricing, assistance and repayment or forgiveness.
Published minimum FICO: product/lender specific
Chenoa Fund
Chenoa Fund provides FHA down-payment assistance through approved lender partners. Current matrices control credit, pricing and second-mortgage terms.
Published minimum FICO: product/lender specific
Minnesota's biggest DPA lesson
Minnesota Housing has three distinct state DPA loans—Monthly Payment, DPL and DPL+. V25 separates them because repayment and maximum assistance differ.
Let Josh compare the available programs.
Send the city/ZIP, purchase price, credit range, household income and first-time-buyer status.