Minnesota Housing - Monthly Payment Loan (MPL)

Minnesota Housing - Monthly Payment Loan (MPL)是面向Statewide，Minnesota购房者的需偿还的第二贷款。 Minnesota Housing's $18,000 fully-amortizing 10-year fixed second mortgage DPA at the same rate as the first mortgage. Pairs with Start Up OR Step Up (FTHB and repeat/refi). Statewide. 640 FICO. Step Up tier income limits up to $159,900. The flexible / higher-income / repeat-buyer tier of MN Housing's DPA suite. Minnesota Housing's Monthly Payment Loan (MPL) provides up to $18,000 in down payment and closing cost assistance, structured as a fully-amortizing 10-year fixed second mortgage with monthly principal-and-interest payments. The MPL interest rate is set EQUAL to the borrower's MN Housing first-mortgage rate (representative recent rates have been in the 4% - 7% range depending on first-mortgage product and timing - the seed list cites a 4% scenario). MPL is more flexible than DPL/DPL+ in two key ways: (1) it pairs with EITHER Start Up (first-time homebuyer) OR Step Up (repeat homebuyer / refinance) first mortgages, and (2) it carries higher income limits than DPL/DPL+ (Step Up tier), enabling repeat buyers and higher-income FTHBs to access MN Housing DPA. Statewide eligibility - all 87 Minnesota counties. Income limited to roughly $116,900 (1-2 person Greater MN) up to $159,900 (3+ person 11-county Twin Cities metro), per MN Housing 2026 Step Up limits. Maximum purchase price $604,400 - $659,550 per Start Up/Step Up sales price limits. 640 minimum FICO. $1,000 minimum borrower contribution. Pre-purchase Qualified Homebuyer Education required for at least one borrower receiving the MPL. 资金来自State和Bond。

Minnesota Housing - Monthly Payment Loan (MPL)是需偿还的第二贷款，按管理该项目的机构设定的条款偿还。 触发还款的情形：Fully-amortizing 10-year fixed second mortgage with monthly principal-and-interest payments. Loan amortizes to zero over 120 monthly payments. No deferral, no balloon. Becomes due in full upon sale, refinance of first mortgage, transfer of title, payoff, or non-owner-occupancy if not yet paid off through scheduled amortization. 该援助以2nd Lien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。

Minnesota Housing - Monthly Payment Loan (MPL)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：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+. 须参加购房者教育课程，由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 required for at least one MPL borrower.提供。 居住要求：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 loan. 公民身份或移民身份：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 OR Step Up first mortgage (FTHB or repeat / refi). 640 minimum FICO across all eligible first-mortgage products. 50% maximum DTI per overlays. $1,000 minimum borrower contribution from own funds. Pre-purchase Qualified Homebuyer Education required for at least one borrower. Property must be primary residence. MPL is a fully-amortizing 10-year fixed second mortgage with monthly P&I payments at the same rate as the first mortgage - both first and second are amortized concurrently. Income includes ALL household members 18+ (gross) at Step Up tier limits. Maximum purchase price $604,400 - $659,550 by location.

Minnesota Housing - Monthly Payment Loan (MPL)将家庭收入限制在$159,900。 该限制适用于家庭总收入，而不仅是借款人的收入。 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。

Minnesota Housing - Monthly Payment Loan (MPL)将房价上限设为$659,550。 符合条件的房屋类型包括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 / Step Up first-mortgage overlays. 新建房屋符合条件。 预制房屋符合条件。

Minnesota Housing - Monthly Payment Loan (MPL)在其服务群体中提到了退伍军人、现役军人、预备役人员和国民警卫队成员、遗属配偶和美洲印第安人和阿拉斯加原住民购房者。 在此列出仅表示项目提到了该群体，并不表示仅凭群体身份即可使申请人符合条件——其余资格规则仍然适用。

Minnesota Housing - Monthly Payment Loan (MPL)服务于在Statewide，Minnesota购房的购房者。 该项目针对特定区域：Minnesota Housing-designated federally targeted census tracts (per IRS Section 143(j)) where FTHB requirement is waived for Start Up pairings. Step Up has no FTHB requirement to begin with.

Minnesota Housing - Monthly Payment Loan (MPL)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Reserved through Minnesota Housing's Lender Online Loan Commitment System at time of rate lock by MN Housing-approved lender.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。