Down Payment
Does DMF place Minnesota down payment assistance programs?
Context
Minnesota buyers often ask whether DMF can place state or local down payment assistance programs.
The short answer
DMF does 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 DMF.
Next step
If a state or local DPA program is the right fit, contact DMF and we can refer you to a lender that participates in those programs.
Have a question about your own situation?
DMF serves Minnesota homebuyers and homeowners. We submit your purchase or refinance file to multiple wholesale lenders and compare what 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.