Mortgages Unlimited has been helping Minnesota homebuyers since 1991.

We partner with the Minnesota Housing Finance Agency to offer safe and affordable home loans, including loans combined with down payment assistance programs.

Minnesota MHFA PROGRAM Household income limits (Effective May 1, 2015)

Your household income must meet the following limits:

MHFA Home Cost Limits

The home you wish to buy in MN must be below this limit:

DOWN PAYMENT and CLOSING COST ASSISTANCE LOANS

These are not gifts or grants, these are down payment assistance LOANS. You must pay them back. There are three payback options.

DEFERRED PAYMENT: Maximum assistance loan is $6,000. No payments, no interest due. You pay the money back when you sell, refinance, or no longer occupy the home. Available with Start Up and Step Up Loans.

DEFERRED PAYMENT PLUS: Maximum assistance loan is $7,500. Limited to limited target criteria. No payments, no interest due. You pay the money back when you sell, refinance, or no longer occupy the home. Available with Start Up and Step Up Loans.

Target criteria: Must meet two or more of these items:

• Household size of four or more
• Single head of household with minor dependents
• House payment no more than 28% of income
• Household member with a disability

MONTHLY PAYMENT LOANS: Maximum assistance loan is $7,500. Payments are due on the assistance loan right away based on a 10-year loan.

Call (651) 552-3681 for more details.

How To Apply for First Time Home Buyer Loans

Lack of down payment money is one of the biggest reasons many people think they can not buy a house.  The second item being poor credit.

We have access to many down payment assistance programs throughout Minnesota with different levels of assistance.  Most people get around $5,000 worth of assistance, but can often times go as high as $10,000.

Ready to get your own home?

Click here to apply online, and have an answer in a few business hours!