Deferred Payment Forgivable Loan Program

The Minnesota Housing and Finance Agency (MHFA) loan currently available is a No Interest, No Payment loan. Homeowners may receive any amount up to $27,000 to make permanent repairs to their home. The amount of the loan becomes due upon sale or transfer of the home. Homeowners that occupy the home for at least 15 years from the date of the loan closing will not be required to remit repayment.

To qualify your income must fall below these amounts:

Household Size

Maximum Gross Income

1 $19,900
2 $22,700
3 $25,500
4 $28,300
5 $30,600
6 $32,900
7 $35,100
8 $37,400

To apply, complete this on-line submission.  Your submission will be reviewed to determine eligibility.

For more information on our loan programs, please call (218) 727-5372 or send your questions by email t0: info@1roofhousing.org

NMLS: 380490