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r�[ i min ww. <br /> i Fav � y I <br /> 1 I <br /> iYp <br /> Need help with your downpayment? Concerned about paying for closing costs? We can help! Minnesota <br /> Housing downpayment and closing cost loan programs provide up to $15,000 to help you bridge the gap and <br /> become a homeowner. Depending on your need and eligibility, choose from the Monthly Payment Loan with <br /> the same affordable interest rate as your first mortgage or a Deferred Payment Loan with 0% interest. <br /> Additional eligibility requirements, including income limits, minimum credit score, and home cost limits apply. <br /> Loans must be fully repaid. <br /> Monthly Payment Lean <br /> • Loans up to $15,000 <br /> • Interest rate equal to first mortgage rate <br /> • 10-year loan term with monthly payments <br /> • Available with Start Up and Step Up loan programs <br /> Deferred Payment Loan <br /> • Loans up to $8,000 (up to $10,000 for borrowers who meet criteria for Deferred Payment Loan Plus) <br /> • 0% interest, repaid when property is sold, refinanced, or first mortgage is paid off <br /> • Loan term equal to first mortgage term <br /> • Available with the Start Up loan program <br /> Contact a participating Minnesota Housing lender to start your path to homeownership. <br /> 'I ' ll, <br /> M <br /> 651.296.8215 <br /> MINNESOTA <br /> HOUSING www.mnhousing.gov <br /> In connection with Single Family Division loan programs,Minnesota Housing does not make or arrange loans. It is neither an originator nor creditor and is not affiliated with <br /> any Lender. The terms of any mortgage finance transactions conducted in connection with Qp rograms,including important information such as loan fees,the annual <br /> percentage rate(APR),repayment conditions,disclosures,and any other materials which are rtrlred to be provided to the consumer are the responsibility of the Lender. EQUAL HOUSING <br /> OPPORTUNITY <br />