White Earth Investment Initiative Down-Payment Assistance Loan

What is White Earth Investment Initiative Down-Payment Assistance Loan?

White Earth Investment Initiative Down-Payment Assistance Loan is a deferred second loan for homebuyers in Minnesota, administered by White Earth Investment Initiative (WEII).

• White Earth Investment Initiative offers down-payment assistance loans of up to $5,000 to qualifying Native American homebuyers in rural Minnesota, usable for all or part of the down payment or closing costs. It is a 0% second-mortgage with no monthly payments, repaid when the home is sold or at first-mortgage maturity. Intended for use with a first mortgage from WEII or its affiliates (MMCDC or Community Development Bank); a homebuyer education certificate is required.
• Up to $5,000 toward down payment/closing costs.
• 0% interest.
• No monthly payments.
• Targeted to Native American homebuyers.
• Repaid only at sale or first-mortgage maturity.
• Funding comes from White Earth Investment Initiative (Native CDFI).

How much assistance does it provide?

White Earth Investment Initiative Down-Payment Assistance Loan offers up to $5,000 in assistance.

• The program can be combined with WEII / MMCDC / Community Development Bank first mortgage.
• Amounts are the program's published maximums, not an offer — White Earth Investment Initiative (WEII) determines any individual award.

Do you have to pay it back?

White Earth Investment Initiative Down-Payment Assistance Loan is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

• Repayment is triggered by Repaid when the home is sold or at the maturity of the first mortgage.
• The assistance is recorded in second position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

White Earth Investment Initiative Down-Payment Assistance Loan is open to buyers who will live in the home as their primary residence.

What are the income limits?

White Earth Investment Initiative Down-Payment Assistance Loan sets its income limit as follows: Not published on program page (unconfirmed).

• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

White Earth Investment Initiative Down-Payment Assistance Loan can be used for Single Family.

Is there eligibility for specific groups?

White Earth Investment Initiative Down-Payment Assistance Loan names American Indian and Alaska Native buyers among the groups it serves.

• Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

White Earth Investment Initiative Down-Payment Assistance Loan serves buyers purchasing anywhere in Minnesota.

How do you apply?

Applications for White Earth Investment Initiative Down-Payment Assistance Loan go through White Earth Investment Initiative (WEII), which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through Homebuyer education certificate required via WEII online or in-person class prior to closing.

2. 2

   Contact White Earth Investment Initiative (WEII) to reserve funds

   Funds are reserved with the provider and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.