Midwest Minnesota Community Development Corporation (MMCDC)
Up to $5,000 toward a down payment in MN.
MMCDC's Rural Down-payment Loan is a $5,000 second-mortgage loan for the purchase of an owner-occupied home in rural Minnesota. There are no monthly payments and no interest; the loan is repaid when the home is sold or at the maturity of the first mortgage. It must be used with a USDA first mortgage from MMCDC, and a homebuyer education certificate is required.
Short reads on how it works, in plain language. Free, no sign-up needed to read.
Free course from Hey Prescott
A short, free course on MMCDC Rural Down-Payment Loan: what it is, who it is for, when it is repaid, where it applies and how to apply. Based on program data from August 2026. About ten minutes.
5 modules · About 10 minutes
Program details are sourced from public agency data and may change. Confirm eligibility with a Hey Prescott loan officer before applying.