Southwest Minnesota Housing Partnership
Home Ownership Assistance
Southwest Minnesota Housing Partnership - Slayton
2401 Broadway Ave, Slayton, MN, 56172
(507) 836-1608
swmhp@swmhp.org
https://www.swmhp.org/buy-a-home/down-payment-assistance
Service Details
Description
Home ownership program that offers financial assistance to make home purchases more affordable for those that meet eligibility requirements
Additional Information
Provides low or no interest, deferred loans to cover closing costs or down payments
Features
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Area Served by County
- Big Stone County
- Blue Earth County
- Brown County
- Chippewa County
- Cottonwood County
- Faribault County
- Freeborn County
- Jackson County
- Kandiyohi County
- Lac qui Parle County
- Le Sueur County
- Lincoln County
- Lyon County
- Martin County
- McLeod County
- Meeker County
- Murray County
- Nicollet County
- Nobles County
- Pipestone County
- Redwood County
- Renville County
- Rock County
- Sibley County
- Steele County
- Swift County
- Waseca County
- Watonwan County
- Yellow Medicine County
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Specialization
- Family
- People with low income
Application Instructions
Contact agency to see if you are eligible.
Area Served
Big Stone, Blue Earth, Brown, Chippewa, Cottonwood, Faribault, Freeborn, Jackson, Kandiyohi, Lac qui Parle, Le Sueur, Lincoln, Lyon, Martin, Meeker, McLeod, Murray, Nicollet, Nobles, Pipestone, Redwood, Renville, Rock, Sibley, Steele, Swift, Waseca, Watonwan and Yellow Medicine counties
Websites
Phone Numbers
| Type | Number | Hours |
|---|---|---|
| Main | (507) 836-1608 |
Last Update
6/17/2024
Other Locations
This provider does not offer this service at other locations.
Other Services or resources
Taxonomy Terms Used: Clicking a taxonomy term from the list below launches a new search.
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BH-3500.3500Housing Down Payment Loans/Grants Definition
Programs that provide cash grants or loans for people who want to purchase or build a home and need all or a portion of the amount that is required to make a down payment on the home or property. Included are conventional loans, deferred loans (in which payments are deferred until the home is sold) and forgivable loans (in which all or a part of the loan is forgiven if the borrower resides in the home for a specified period of time).
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YL-3300.4500Low Income Definition
Individuals or families whose annual income is between 150 and 200% of poverty level for their family size.
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YL-3300.6500Poverty Level Definition
People whose annual income is within the federal poverty level guidelines which vary according to family size and are revised annually.