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💰 Down Payment Assistance

Every year, down payment assistance goes unused because buyers don’t know it exists. Minnesota Housing offers deferred loans and monthly-payment loans that can cover down payment and closing costs for eligible buyers — stackable with FHA, VA, USDA, and conventional first mortgages. Across the river, WHEDA (the Wisconsin Housing and Economic Development Authority) runs its own Easy Close and Capital Access assistance alongside WHEDA first mortgages.

What would my payment be?Ask Jordan about down payment assistance

Is this you?

  • First-time buyers (and some repeat buyers in targeted areas)
  • Households within Minnesota Housing or WHEDA income limits
  • Buyers who qualify on income but are short on savings
  • Anyone told “come back when you’ve saved more”
Jordan · Loan Officer
We have good income but our savings got wiped out by rent 😩
You are the exact person these programs exist for. Minnesota Housing and WHEDA assistance can cover down payment AND closing costs. Income qualifies you — savings doesn’t have to.

Questions friends actually ask

How does down payment assistance work in Minnesota and Wisconsin?

Minnesota Housing offers assistance as a second loan alongside your mortgage — some versions defer repayment until you sell or refinance, others carry a small monthly payment. In Wisconsin, WHEDA pairs its own assistance second loans with a WHEDA first mortgage. Jordan handles the pairing for you in either state.

Do I have to be a first-time buyer to get assistance?

Minnesota Housing’s Start Up program is for first-time buyers (defined as not owning in the last three years), but other programs serve repeat buyers too, and WHEDA has first-time and repeat-buyer options on the Wisconsin side. Income and purchase price limits apply and vary by county.

Is down payment assistance a grant or a loan?

It’s typically a loan — but often a deferred one with no monthly payment, repaid only when you sell, refinance, or pay off the first mortgage. Jordan will walk you through exactly what your version costs, in plain English, before you commit.

Keep exploring

Conventional Loans

The workhorse of home financing — flexible terms, competitive costs, and down payments as low as 3% for first-time buyers.

Learn more →

FHA Loans

The first-time buyer favorite — 3.5% down, friendlier credit requirements, and forgiving guidelines for real-life finances.

Learn more →

VA Loans

For those who served — $0 down, no monthly mortgage insurance, and some of the strongest terms in all of lending.

Learn more →

Not sure yet?

That is literally what Jordan is for. One conversation, all your options side by side, zero pressure to move forward.

Text Jordan · 763-657-9279 →Apply with Jordan at Fairway

Applications happen on Fairway's secure site — never here.