Minnesota Deferred Payment Loan Plus (DPL+)

In what way is Minnesota Deferred Payment Loan Plus (DPL+) repaid?

It's a deferred loan at 0%. If the home is sold or refinanced, you leave it or the mortgage is fully paid, repayment comes sooner. Otherwise it is due at the end of the loan term.

There's no monthly payment, yet the full balance comes due when you sell, refinance or finish paying the first home loan.

Minnesota Deferred Payment Loan Plus (DPL+): who qualifies?

• In the Twin Cities Metro Area, a 1-2 person household has a $94,600 income cap. The limit changes with county and household size, reaching up to $156,100 for households of 8 or more.
• First-time buyers only (in most cases, no home owned during the previous three-year period).
• Take a homebuyer education course before buying.
• A Minnesota Housing Start Up first mortgage comes with it.

Your county and household size set most limits. See the median income for your area and your household's position with our HUD income limits lookup.

Minnesota Deferred Payment Loan Plus (DPL+) application steps

1. Approved lenders pay out this help for Minnesota Housing; apply with one as part of your mortgage application.
2. Under the program's rules, the lender reviews your income, credit and home, then holds the funds for you.
3. It is paid at closing toward closing costs and your down payment.

Check the full rules and current application status on Minnesota Housing's page for Deferred Payment Loan Plus (DPL+), or choose a lender from the agency's participating lender directory.

More Minnesota programs for first-time buyers

• Minnesota Monthly Payment Loan:

  Repayable loan capped at $14,000

• Minnesota Deferred Payment Loan (DPL):

  Deferred loan capped at $14,000

Down payment help nationwide · All Minnesota first-time buyer programs