Center for Energy and Environment (CEE), on behalf of the City of Burnsville / Burnsville Economic Development Authority

Burnsville Down Payment Assistance Deferred Loan

Up to $41,000 toward a down payment in MN.

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Location: MN
Type: Forgivable assistance
Max assistance: $41,000
Income limit: $105,200
First-time buyer: Not required
Property types: Single family, Condo, Townhouse, 2–4 unit (owner-occupied)

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.

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Free course from Hey Prescott

Burnsville Down Payment Assistance Deferred Loan, explained

A short, free course on Burnsville Down Payment Assistance Deferred Loan: what it is, who it is for, when it is repaid, where it applies and how to apply. Based on program data from July 2026. About ten minutes.

5 modules · About 10 minutes

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Program details are sourced from public agency data and may change. Confirm eligibility with a Hey Prescott loan officer before applying.