Minnesota Down Payment Assistance Programs (2026, Verified)

Minnesota down payment assistance programs

Quick answer

Minnesota buyers can get down payment help from City of Saint Paul Planning and Economic Development. We verified 3 statewide programs, including Inheritance Fund (Rondo and West Side Flats) (Up to $110,000 ($50,000-$100,000 plus $10,000 for purchases in historic Rondo/West Side)). Most programs require using the agency's first mortgage, meeting income limits and completing homebuyer education. Details below come from the official agency site.

What down payment assistance does Minnesota offer?

Program	Amount	Type	Min. credit	First-time only?
Inheritance Fund (Rondo and West Side Flats)	Up to $110,000 ($50,000-$100,000 plus $10,000 for purchases in historic Rondo/West Side)	Deferred-payment loan	Not stated	No
Minnesota Housing Deferred Payment Loan Plus	Up to $18,000	Deferred-payment loan	Not stated	Yes
Minnesota Housing Monthly Payment Loan	Up to $14,000	Repayable second mortgage	Not stated	No

How do I apply for Minnesota down payment assistance?

Find a participating lender approved by City of Saint Paul Planning and Economic Development.
Get pre-approved for the agency's first mortgage and confirm you meet income and price limits.
Complete the required homebuyer education course.
Your lender reserves the assistance when you go under contract.

Cities in Minnesota

Minneapolis Saint Paul Rochester Bloomington Duluth Brooklyn Park Plymouth Woodbury Lakeville Blaine

Other states with verified programs

Alabama Arkansas California Colorado Connecticut Delaware District Of Columbia Florida Idaho Illinois

Frequently asked questions

Inheritance Fund (Rondo and West Side Flats): Up to $110,000 ($50,000-$100,000 plus $10,000 for purchases in historic Rondo/West Side); Minnesota Housing Deferred Payment Loan Plus: Up to $18,000; Minnesota Housing Monthly Payment Loan: Up to $14,000.

Not always — Inheritance Fund (Rondo and West Side Flats) and Minnesota Housing Monthly Payment Loan are open to repeat buyers too.

The agency sets credit requirements with its participating lenders; most require at least a 620–640 score.

Sources

Data last updated October 25, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.