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!
I can help turn home searchers into homeowners. Down Payment Resource creates opportunity for home buyers, Realtors and lenders by uncovering programs that get people into homes. Buyers usually don’t need quite as much as they think- it is possible to get a home with a relatively small amount of the purchase price.
Step Up Program Benefits:
As little as 3% down with $15,000 closing costs and down payment loans available
Low or no mortgage insurance option
Affordable fixed rate interest rates for the life of the loan
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)
Minimum Credit Score