Grow North Down Payment Assistance

Grow North Down Payment Assistance是面向Minneapolis，Minnesota购房者的延期第二贷款。 Grow North Down Payment Assistance is a CPED-administered employer-linked down payment assistance program for employees of North Minneapolis businesses purchasing homes in the Near North or Camden communities. The 0% interest deferred second mortgage of up to $10,000 supports both the recruitment of employees by Northside employers and homeownership in the Northside neighborhoods. Repayable in full at the end of the first-mortgage life, refinance, transfer of title, or 30-year deferment whichever occurs first. Zero-interest deferred loan of up to $10,000 in down payment and/or closing-cost assistance for employees of recruited businesses physically operating in North Minneapolis (Near North or Camden communities) who purchase a home in those neighborhoods. No monthly payments. 100% repayable at end of life of first mortgage, when home is no longer primary residence, or at end of 30-year term. 资金来自Local Government、CPED和HRA。

Grow North Down Payment Assistance为延期还款，在房屋出售、再融资或第一抵押贷款还清之前无需付款。 触发还款的情形：Due in full at end of first-mortgage life, refinance with cash-out, transfer of title, loss of owner-occupancy, or end of 30-year term. 该援助以2顺位留置权登记。 免除和还款条款由项目设定，并可能变化——申请前请在项目官方网页上确认。

Grow North Down Payment Assistance面向将房屋作为主要住所自住的购房者。 关于信用，该项目说明：Per first-mortgage lender。 须参加购房者教育课程，由Minnesota Homeownership Center / Framework / HUD-approved counseling agency.提供。 居住要求：Property must be located in Near North or Camden communities of Minneapolis and used as borrower's principal residence. 公民身份或移民身份：U.S. citizen or legal U.S. resident。 Borrower must be employed by an employer (for-profit, non-profit, or public sector) physically residing and operating in North Minneapolis. Buyer must purchase a home in the Near North or Camden communities of Minneapolis. Household income may not exceed 115% of HUD AMI. Borrower must be U.S. citizen or legal U.S. resident. Buyer must have a valid, fully executed purchase agreement at time of application.

Grow North Down Payment Assistance将家庭收入限制在地区收入中位数的115%，该数值因县和家庭人数而异。 Household income at or below 115% HUD AMI for Minneapolis-St. Paul-Bloomington MSA: 1-person $72,950 to 8-person $137,550 (FY2025 limits). 该限制适用于家庭总收入，而不仅是借款人的收入。 该项目列出的最大家庭人数为8。 地区收入中位数由HUD公布并每年更新，因此在依据某个数字之前，请查看该县的最新表格。

Grow North Down Payment Assistance的房价上限如下：No fixed program cap; subject to first-mortgage product limits. 符合条件的房屋类型包括Single-family detached、Duplex、Townhome和Condominium。 新建房屋符合条件。 预制房屋不符合条件。

Grow North Down Payment Assistance服务于在Minneapolis，Minnesota购房的购房者。 该项目针对特定区域：Near North and Camden communities of North Minneapolis (Hennepin County), MN; employer must operate in North Minneapolis。

Grow North Down Payment Assistance的申请通过管理该项目的机构办理，该机构在其网站上公布现行条款和申请步骤。 资金通过Application via Minneapolis CPED with employer verification and signed purchase agreement.预留。 Hey Prescott不是贷款机构，也不受理申请；本页介绍该项目，方便购房者向贷款机构或住房咨询师咨询。