Minnesota Housing - Deferred Payment Loan (DPL)

Minnesota Housing - Deferred Payment Loan (DPL) es un segundo préstamo diferido para compradores de vivienda en Statewide, Minnesota. Minnesota Housing's $11,000 deferred 0% second mortgage DPA paired with Start Up first mortgage. Statewide. 640 FICO. FTHB required. 80% AMI / Start Up income limits. $13,000 max liquid assets at closing. Lower-income tier (companion to DPL+ and MPL). Minnesota Housing's Deferred Payment Loan (DPL) provides up to $11,000 in down payment and closing cost assistance, structured as a 0% interest deferred second mortgage with no monthly payments. The loan is interest-free and the principal is repaid as a lump-sum balloon at maturity - triggered by sale, refinance of first mortgage, transfer of title, payoff, or when the property ceases to be the borrower's primary residence. DPL pairs only with Minnesota Housing's Start Up first mortgage (first-time homebuyer product), available as FHA, VA, USDA-RD, Conv HFA Preferred, or Fannie Mae HFA Preferred Risk Sharing. Statewide eligibility - all 87 Minnesota counties. DPL is targeted at the lower-income segment of MN Housing's borrower base: household income limited to roughly $75,000 (1-2 person Greater MN) up to $146,000 (3+ person high-income census tracts in 11-county Twin Cities metro), generally aligned with 80% AMI by area. Liquid assets at closing capped at $13,000. 640 minimum FICO across all eligible first-mortgage products. First-time homebuyer required (no ownership of primary residence in prior 3 years), with target-area waivers. Pre-purchase Qualified Homebuyer Education required for at least one borrower. Maximum purchase price $604,400 (Greater MN 1-unit) up to $659,550 (11-county metro 1-unit) per MN Housing's Start Up sales price limits. Effective February 2025, the DPL maximum was reduced from $14,000 to $11,000 in coordination with the introduction of expanded DPL+ targeting. Los fondos provienen de State y Bond.

Minnesota Housing - Deferred Payment Loan (DPL) ofrece hasta $14,000 de ayuda. El programa pide a los compradores de vivienda aportar $1,000 minimum borrower contribution from own funds (cannot be from gift or DPA itself). El programa se puede combinar con otras ayudas, sujeto a las reglas de cada una. Los montos son los máximos publicados por el programa, no una oferta: la agencia que administra el programa determina cualquier ayuda individual.

Minnesota Housing - Deferred Payment Loan (DPL) es diferido, así que no hay pagos hasta que la vivienda se venda o se refinancie, o se termine de pagar la primera hipoteca. El reembolso se activa por 0% interest deferred second mortgage. No monthly payments. Full $11,000 balance due as lump-sum balloon upon sale, refinance of first mortgage, transfer of title, payoff of first mortgage, or when property ceases to be borrower's primary residence. La ayuda se registra con un gravamen en posición 2nd Lien. 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.

Minnesota Housing - Deferred Payment Loan (DPL) está abierto a compradores de vivienda por primera vez y compradores de vivienda que vivirán en la vivienda como su residencia principal. “Primera vez” tiene excepciones aquí: FTHB requirement waived in federally targeted census tracts under IRS Section 143(d)(2)(B), and for qualifying veterans (federal MRB veteran waiver). Sobre el crédito, el programa indica: 640 minimum FICO across all eligible first-mortgage products (FHA / VA / USDA-RD / Conv HFA Preferred). Some manual underwriting at 640 with compensating factors; AUS approval typically requires 660+. Se requiere un curso de educación para compradores de vivienda, a través de Minnesota Homeownership Center HUD-approved Home Stretch and Framework / eHome America counseling providers, plus tribal and culturally-specific HUD-approved counseling agencies. Pre-purchase Qualified Homebuyer Education (workshop or online) is required for at least one of the borrowers receiving a DPL, DPL+, or MPL. Requisito de residencia: Property must be located in Minnesota (any of 87 counties) and serve as borrower's primary residence within 60 days of closing. Must remain primary residence for life of the deferred loan. Ciudadanía o situación migratoria: U.S. citizen, permanent resident, or qualifying non-permanent resident alien per first-mortgage product overlays. Must be paired with Minnesota Housing's Start Up first mortgage (first-time homebuyer product). 640 minimum FICO across all eligible first-mortgage products. 50% maximum DTI per Start Up overlays (some manual UW at 45%). $1,000 minimum borrower contribution from own funds. Total liquid assets at completion of closing limited to $13,000. First-time homebuyer required (defined as no ownership of a primary residence during prior 3 years), waived in federally targeted census tracts. At least one borrower must complete Qualified Homebuyer Education (Home Stretch in-person or Framework / eHome America online). Property must be primary residence; non-owner-occupancy triggers full repayment. The DPL second mortgage is 0% interest, deferred - no monthly payments, lump-sum balloon at first-mortgage payoff/sale/refi/title transfer/non-occupancy. Income includes ALL household members 18+ (gross). Maximum purchase price $604,400 - $659,550 by location.

Minnesota Housing - Deferred Payment Loan (DPL) limita el ingreso del hogar al 80% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Minnesota Housing 2026 Start Up income limits (combined household gross income, all earners): roughly $75,000 (1-2 person Greater Minnesota lower-cost counties) up to $146,000 (3+ person high-income 11-county Twin Cities metro). Limits vary by county and household size and adjust annually with HUD AMI updates. Verify current limits on Minnesota Housing Homeownership Income Limits page. 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.

Minnesota Housing - Deferred Payment Loan (DPL) limita el precio de compra a $659,550. Los tipos de propiedad elegibles incluyen Single-family detached, condominium (Fannie/Freddie/FHA project-approved), townhouse, PUD, manufactured home (real-property-titled, permanent foundation, meeting MN Housing manufactured-home overlay), 2-unit owner-occupied (1-unit owner-occupied required). Per Start Up first-mortgage overlays. La construcción nueva es elegible. Las viviendas prefabricadas son elegibles.

Minnesota Housing - Deferred Payment Loan (DPL) menciona a veteranos, miembros del servicio militar activo, reservistas y miembros de la Guardia Nacional, cónyuges sobrevivientes, compradores de vivienda indígenas americanos y nativos de Alaska y compradores de vivienda con discapacidades entre los grupos a los que atiende. Aparecer aquí significa que el programa menciona al grupo, no que pertenecer a él baste por sí solo para que un solicitante califique; las demás reglas de elegibilidad siguen aplicándose.

Minnesota Housing - Deferred Payment Loan (DPL) atiende a compradores de vivienda que compran en Statewide, Minnesota. El programa se dirige a áreas específicas: Minnesota Housing-designated federally targeted census tracts (per IRS Section 143(j) and HUD distressed-area lists) where FTHB requirement is waived and (for some MN Housing tiers) higher income/sales price limits apply. Includes parts of Minneapolis, Saint Paul, Duluth, Iron Range, and rural distressed counties. Verify by census tract on MN Housing target-area list.

Las solicitudes de Minnesota Housing - Deferred Payment Loan (DPL) se tramitan a través de la agencia que administra el programa, que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de Reserved through Minnesota Housing's Lender Online Loan Commitment System at time of rate lock by MN Housing-approved lender. 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.