MHFA Step Up Program 2026 | Buy a MN Home with $1,000 Down (Even If You’re NOT a First-Time Buyer)

Описание: Are you trying to buy a home in Minnesota but running into income limits or first-time buyer restrictions?

The Minnesota Housing Finance Agency (MHFA) Step Up Program may be exactly what you need.

Unlike many down payment assistance programs, the Step Up Loan:
→ Does NOT require you to be a first-time buyer
→ Uses qualifying income instead of total household income
→ Works with Conventional, FHA, VA, and USDA loans
→ Can be combined with the Monthly Payment Loan for up to $14,000 in assistance
→ May allow you to buy a home with as little as $1,000 out of pocket

In this video, I explain:
• The difference between Step Up and Start Up
• Why Step Up is ideal for move-up buyers
• How higher-income households can still qualify
• How to keep your current home as a rental
• Income limits and key rules you need to know

If you’ve been told you make too much money — or you already own a home — this program was designed for you.

Monthly Payment Loan:    • Minnesota Down Payment Help for NON-First-...  

📱 Contact Peter Lindquist
📞 651-491-5381
✉️ [email protected]

📝 Apply now: https://www.rate.com/LindquistTeam

To learn more about this program, please visit www.mnhousing.gov. Eligibility requirements, assistance type, and assistance amounts vary based on program. Talk to your loan officer about what options may be available, as well as the specific borrower, property, and loan type restrictions or requirements that may apply. Not all programs are available in all areas.

Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Refinancing your mortgage may increase costs over the term of your loan. Restrictions may
apply.

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⏱️ Time Stamps (8 Total)

00:00 – Why Most Buyers Get Denied Down Payment Help
01:00 – What Is the MHFA Step Up Program?
02:00 – Step Up vs Start Up: Key Differences
03:10 – How You Can Buy with $1,000 Down
04:10 – Income Limits Explained (Qualifying vs Household Income)
05:30 – High-Income Spouse Strategy Example
06:45 – Keeping Your Current Home as a Rental
08:00 – Who Should Use Step Up (And Who Shouldn’t)