Burnsville Down Payment Assistance Deferred Loan

Burnsville Down Payment Assistance Deferred Loan es un segundo préstamo diferido para compradores de vivienda en Burnsville, Minnesota, a cargo de Center for Energy and Environment (CEE), on behalf of the City of Burnsville / Burnsville Economic Development Authority. The City of Burnsville, through CEE, offers a down payment and closing cost assistance deferred loan to homebuyers purchasing in Burnsville. The loan is up to 10% of the purchase price at 0.25% APR, deferred for 30 years with no monthly payments. If the borrower still owns and occupies the home at 30 years, the loan is fully forgiven; otherwise 100% is due upon sale, transfer, or vacancy. Borrowers must contribute at least 1% of their own funds and meet 80% AMI income limits. 0.25% APR. Up to 10% of purchase price. 30-year deferred, no monthly payments. 100% forgiven at 30 years if owner-occupied. No prepayment penalty. Los fondos provienen de Burnsville Local Affordable Housing Aid (LAHA, MN Statute 477A.35); set-up and origination funded by EDA levy funds.

Burnsville Down Payment Assistance Deferred Loan ofrece hasta $41,000 de ayuda. Aporte del comprador de vivienda: Borrower(s) must contribute at least 1% of the purchase price toward down payment or closing costs using their own funds (excludes seller contributions). Los montos son los máximos publicados por el programa, no una oferta: Center for Energy and Environment (CEE), on behalf of the City of Burnsville / Burnsville Economic Development Authority determina cualquier ayuda individual.

Burnsville Down Payment Assistance Deferred Loan se perdona después de 30 años, así que un comprador de vivienda que se quede ese tiempo no lo devuelve. El reembolso se activa por Loan is 100% due and payable upon sale, transfer of title, or when the property is no longer occupied by the borrower prior to 30 years; if still owned and occupied at 30 years the loan is 100% forgiven. La ayuda se registra con un gravamen en posición second mortgage. Los términos de condonación y reembolso los fija el programa y pueden cambiar; confírmalos en la página oficial del programa antes de presentar la solicitud.

Burnsville Down Payment Assistance Deferred Loan está abierto a compradores de vivienda que vivirán en la vivienda como su residencia principal. Sobre el crédito, el programa indica: No minimum credit score stated. No outstanding judgments/collections; bankruptcy discharged 18+ months prior; foreclosure redemption 18+ months prior; generally no more than two 60-day late payments without explanation; no defaulted government loans. Requisito de residencia: Property must be located within the City of Burnsville; borrower(s) must be a legal resident. Ciudadanía o situación migratoria: Borrower(s) must be a legal resident; non-legal residents are ineligible. Signed purchase agreement required; apply 4+ weeks before closing. Funds subject to availability. Purchase price cap $410,000. Borrower must contribute 1% of own funds. Funded by Burnsville Local Affordable Housing Aid; verified ACTIVE on official CEE page as of June 2026. 4-person income figure derived from HUD MSA limits, not printed on program PDF; max loan ($41,000) computed as 10% of the $410,000 price cap.

Burnsville Down Payment Assistance Deferred Loan limita el ingreso del hogar al 80% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Borrower(s) may not exceed 80% AMI for the Minneapolis-St. Paul-Bloomington MSA, by household size and adjusted gross income. Program PDF references HUD limits by household size rather than printing a table; 4-person 80% AMI figure ($105,200) derived from HUD/Met Council FY2026 limits, not printed on the program PDF. El límite se aplica al ingreso total del hogar, no solo al del prestatario. Las cifras del ingreso mediano del área las publica HUD y se actualizan cada año, así que consulta la tabla vigente del condado antes de basarte en una cifra.

Burnsville Down Payment Assistance Deferred Loan limita el precio de compra a $410,000. Los tipos de propiedad elegibles incluyen Single Family, Condo, Townhome y 2-4 Unit.

Burnsville Down Payment Assistance Deferred Loan atiende a compradores de vivienda que compran en Burnsville, Minnesota. Vecindarios prioritarios: City of Burnsville (citywide).

Las solicitudes de Burnsville Down Payment Assistance Deferred Loan se tramitan a través de Center for Energy and Environment (CEE), on behalf of the City of Burnsville / Burnsville Economic Development Authority, que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de First-come, first-served as applicants qualify; signed and executed purchase agreement required; application must be submitted at least four weeks prior to closing. Hey Prescott no es un prestamista y no acepta solicitudes; esta página describe el programa para que un comprador de vivienda pueda llevarlo a un prestamista o a un asesor de vivienda.