Minneapolis Advantage $10,000 Down Payment Assistance Program

Well, it has been a busy last few weeks, a little lax on the blogs lately, but here is some information that might be useful to many. One thing I would like to mention as I get asked a lot is about down payment grant programs.

One program recently revealed is called the Minneapolis Advantage. They offer a $10,000 zero-percent interest loan that is forgiven at the end of five years. The loan is available to qualified home buyers purchasing an eligible home in which they will live in an approved neighborhood.

Applications will be available from April 2nd on a 1st-come, 1st-served basis. You can see the map for qualifying areas and click on the link for common questions and answers.