Lind Bohanon Down Payment Assistance Loan
Lind Bohanon neighborhood has designated City of Minneapolis NRP dollars for down payment assistance in the neighborhood.
NOTICE: To ensure funding we need a signed and executed purchase agreement and the application must be submitted at least FOUR WEEKS prior to closing.
The guidelines below are subject to change at any time without notice. Loan funds are subject to availability. Email or call for complete details.
Hablamos Español: 612-335-5856
About the Loan
- 0% APR.
- Loan amounts from $1,000 to $4,000.
- No monthly payments.
- No down payment required.
- No income limits.
- 1-4 unit, owner-occupied properties located within the geographical boundaries of the Lind Bohanon Neighborhood.
- Townhomes and condominiums are eligible.
- Loan approval is subject to credit and program guidelines.
- To ensure funding we need a signed and executed purchase agreement and the application must be submitted at least four weeks prior to closing.
- 0% APR.
- Financing is secured by a mortgage on the property.
- Loan is forgiven after 10 years. 100% of the loan is due upon selling, transferring or the property is no longer owner-occupied prior to 10 years.
- Funds may be used for down payment or closing costs.
The current loan terms and conditions stated, including interest rates, do not constitute a commitment to lend or an offer to enter into an agreement, and that such an offer may only be made pursuant to Minnesota Statutes, Section 47.206(3) and (4).
Browse More Lind Bohanon Loans
Thanks to Lind Bohanon's partnership with CEE, we offer additional loan programs for Lind Bohanon residents