Minnesota Housing - Deferred Payment Loan (DPL)

Ang Minnesota Housing - Deferred Payment Loan (DPL) ay isang ipinagpalibang pangalawang loan para sa mga bibili ng bahay sa 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. Ang pondo ay mula sa State at Bond.

Nag-aalok ang Minnesota Housing - Deferred Payment Loan (DPL) ng tulong na hanggang $14,000. Hinihiling ng programa na mag-ambag ang mga bibili ng bahay ng $1,000 minimum borrower contribution from own funds (cannot be from gift or DPA itself). Maaaring isama ang programa sa iba pang tulong, ayon sa mga patakaran ng bawat isa. Ang mga halaga ay ang pinakamataas na inilathala ng programa, hindi isang alok — ang ang ahensyang nangangasiwa ang nagpapasya sa anumang indibidwal na award.

Ipinagpaliban ang Minnesota Housing - Deferred Payment Loan (DPL), kaya walang bayarin hanggang maibenta o ma-refinance ang bahay, o mabayaran nang buo ang unang mortgage. Kailangang bayaran kapag may 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. Nakatala ang tulong bilang lien sa posisyong 2nd Lien. Ang mga tuntunin sa pagpapatawad at pagbabayad ay itinatakda ng programa at maaaring magbago — kumpirmahin ang mga ito sa opisyal na pahina ng programa bago mag-apply.

Bukas ang Minnesota Housing - Deferred Payment Loan (DPL) sa mga unang beses na bibili ng bahay at mga bibili ng bahay na titira sa bahay bilang pangunahing tirahan. May mga eksepsiyon dito ang "unang beses": FTHB requirement waived in federally targeted census tracts under IRS Section 143(d)(2)(B), and for qualifying veterans (federal MRB veteran waiver). Tungkol sa credit, sinasabi ng programa: 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+. Kailangan ang kurso sa homebuyer education, sa pamamagitan ng 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. Requirement sa paninirahan: 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. Citizenship o katayuan sa imigrasyon: 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.

Nililimitahan ng Minnesota Housing - Deferred Payment Loan (DPL) ang kita ng sambahayan sa 80% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. 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. Nalalapat ang limit sa kabuuang kita ng sambahayan, hindi lang sa kita ng nanghihiram. Ang mga numero ng median na kita sa lugar ay inilalathala ng HUD at ina-update taun-taon, kaya tingnan ang kasalukuyang talahanayan para sa county bago umasa sa isang numero.

Nililimitahan ng Minnesota Housing - Deferred Payment Loan (DPL) ang presyo ng pagbili sa $659,550. Kabilang sa mga kwalipikadong uri ng ari-arian ang 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. Kwalipikado ang bagong gawang bahay. Kwalipikado ang mga manufactured home.

Binabanggit ng Minnesota Housing - Deferred Payment Loan (DPL) ang mga beterano, mga miyembro ng militar na nasa aktibong serbisyo, mga reservist at miyembro ng National Guard, mga naiwang asawa, mga American Indian at Alaska Native na bibili ng bahay, at mga bibili ng bahay na may kapansanan sa mga grupong pinaglilingkuran nito. Ang pagkakabanggit dito ay nangangahulugang binabanggit ng programa ang grupo, hindi na sapat na ang pagiging miyembro para maging kwalipikado ang isang aplikante — nalalapat pa rin ang iba pang patakaran sa eligibility.

Pinaglilingkuran ng Minnesota Housing - Deferred Payment Loan (DPL) ang mga bibili ng bahay sa Statewide, Minnesota. Tinutukoy ng programa ang mga partikular na lugar: 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.

Dumadaan sa ang ahensyang nangangasiwa ang mga aplikasyon para sa Minnesota Housing - Deferred Payment Loan (DPL), na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. Nirereserba ang pondo sa pamamagitan ng Reserved through Minnesota Housing's Lender Online Loan Commitment System at time of rate lock by MN Housing-approved lender. Ang Hey Prescott ay hindi nagpapautang at hindi tumatanggap ng aplikasyon; inilalarawan ng pahinang ito ang programa para madala ito ng bibili ng bahay sa isang lender o housing counselor.