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Below is a list of news items for the City of Moorhead with the most recent items at the top.  If you would like to see news for a certain category, you can select it from the the drop-down box labeled (All Categories).  Any news older than 90 days is automatically archived and removed from this list.

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Minnesota Housing increases downpayment funding

Increase in maximum down payment and closing cost loan amounts effective today

Post Date:06/29/2016 11:13 am

Minnesota Housing offers a variety of mortgage, downpayment and closing cost assistance for first-time home buyers, as well as qualified buyers that need assistance with a subsequent home purchase.  The maximum assistance amounts effective June 29 are:

  • Deferred Payment Loan: Up to $7,500
  • Deferred Payment Loan Plus: Up to $8,500
  • Monthly Payment Loan: Up to $10,000

Review the Downpayment and Closing Cost Loans Comparison for more information on these programs.

Questions on Minnesota Housing mortgage and down payment assistance?  Contact a participating local lender.

For information about housing incentives in Moorhead, please visit makeMoorheadhome.com, or call 218.299.5434. 

 

 

 

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