Minnesota Housing Options


Minnesota Housing logo

Down Payment Loans and Tax Credit Options.

  • Get up to $8,000 with a deferred interest and payment loan
  • Get up to $12,000 with low monthly payment loan.
  • Get up to $2,000 a year in Tax Credits with the MCC Program.
  • All options are available with Conventional, FHA, VA, or USDA Financing.
  • Eligibility Requirements Vary by Income and Program

Get Started Now…

Minnesota Housing Overview

The following options: Start Up, Step Up, and MCC Program are all offered here at the New Homeowner Center at Summit Mortgage. Check your eligibility for each program below.

 Start Up Program

  • Get up to $8,000 for down payment and closing costs with deferred interest and payments.
  • Get up to $12,000 for down payment and closing costs with low monthly payments.
  • Conventional, FHA, VA, and USDA Financing Options available.
  • Now Accepting Credit Scores Down to 640!

You must not have owned a home in the past 3 years to be eligible.


Step Up Program

  • Get up to $12,000 for down payment and closing costs with a low monthly payment.
  • Conventional, FHA, VA, and USDA Financing Options available.
  • You do not have to be a first time home buyer to be eligible.
  • Now Accepting Credit Scores Down to 640!

You are eligible whether or not you have owned a home in the past.


Mortgage Credit Certificate

  • Receive up to $2,000 a year in a Tax Credit every year you
    own your home. 

You must be a first time home buyer to qualify. You must have a mortgage interest deduction each eligible year to receive a tax credit. Other qualification requirements must be met to be eligible for the program. Ask your Loan Officer to have this program pre-qualified prior to mortgage pre-approval.

You must not have owned a home in the past 3 years to be eligible.


The New Homeowner Center at Summit Mortgage is a Minnesota Housing approved lender partner. Spend a moment and get to know the affordable options we have to help you become a homeowner.

A few homes made possible with Minnesota Housing Options

Eligibility Requirements Vary by Income and Program. Contact Us for More Information.


The New Homeowner Center at Summit Mortgage wants to offer a level of service above your expectations. We know that communication is the most important thing about your home buying process. We make ourselves available on your time. Call us today, or whenever. Let us know how we can help. We want your feedback.

Call Us Now – 612-226-3559