Burnsville Down Payment Assistance Deferred Loan

Burnsville Down Payment Assistance Deferred Loan est un second prêt différé pour les futurs propriétaires de Burnsville, Minnesota, sous la gestion 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. Le financement provient 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 offre jusqu’à $41,000 d’aide. Apport du futur propriétaire : Borrower(s) must contribute at least 1% of the purchase price toward down payment or closing costs using their own funds (excludes seller contributions). Les montants sont les plafonds publiés par le programme, et non une offre — Center for Energy and Environment (CEE), on behalf of the City of Burnsville / Burnsville Economic Development Authority décide de chaque aide individuelle.

Burnsville Down Payment Assistance Deferred Loan est annulé après 30 ans : un futur propriétaire qui reste aussi longtemps n’a rien à rembourser. Le remboursement est déclenché par 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. L’aide est inscrite au rang suivant : second mortgage. Les conditions d’annulation et de remboursement sont fixées par le programme et peuvent changer — vérifiez-les sur la page officielle du programme avant de déposer une demande.

Burnsville Down Payment Assistance Deferred Loan est ouvert à les futurs propriétaires qui occuperont le logement comme résidence principale. Au sujet du crédit, le programme précise : 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. Condition de résidence : Property must be located within the City of Burnsville; borrower(s) must be a legal resident. Citoyenneté ou statut d’immigration : 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 plafonne le revenu du ménage à 80 % du revenu médian de la zone, qui varie selon le comté et la taille du ménage. 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. Le plafond s’applique au revenu total du ménage, pas seulement à celui de l’emprunteur. Les chiffres du revenu médian de la zone sont publiés par HUD et mis à jour chaque année : consultez le tableau en vigueur pour le comté avant de vous fier à un chiffre.

Burnsville Down Payment Assistance Deferred Loan plafonne le prix d’achat à $410,000. Les types de logements admissibles comprennent Single Family, Condo, Townhome et 2-4 Unit.

Burnsville Down Payment Assistance Deferred Loan s’adresse aux futurs propriétaires qui achètent à Burnsville, Minnesota. Quartiers ciblés : City of Burnsville (citywide).

Les demandes pour Burnsville Down Payment Assistance Deferred Loan passent par Center for Energy and Environment (CEE), on behalf of the City of Burnsville / Burnsville Economic Development Authority, qui publie les conditions en vigueur et les étapes de la demande sur son propre site. Les fonds sont réservés par l’intermédiaire 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 n’est pas un prêteur et n’accepte pas de demandes ; cette page décrit le programme pour qu’un futur propriétaire puisse en parler à un prêteur ou à un conseiller en logement.