Down Payment
Do you place Minnesota down payment assistance programs?
Context
Minnesota buyers often ask whether we can place state or local down payment assistance programs.
The short answer
We do not place Minnesota Housing Start Up, Step Up, Deferred Payment Loan, Monthly Payment Loan, or other state or local down payment assistance programs.
Things to keep in mind
Program guidelines and eligibility rules for these programs are set by the administering agency and their approved lenders, not by us.
Next step
If a state or local DPA program is the right fit, contact us and we can refer you to a lender that participates in those programs.
Have a question about your own situation?
Davis Monroe Financial LLC serves Minnesota homebuyers and homeowners. You complete one application. We compare the wholesale lenders on our panel and submit your file to the one that fits it best, and each one offers, so your pricing is not limited to one lender's rate sheet.
Davis Monroe Financial LLC is a mortgage broker, not a lender. We do not make credit decisions or fund loans. Rate locks are issued by the lender; we submit and manage lock requests on your behalf. All loans are subject to credit approval. Rates and terms are subject to change without notice.