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625 Robert Street North, Saint Paul, MN 551552538 www.mda.state.mn.us Rural Finance Authority (RFA) | RFA.Loans@state.mn.us | 6512016316APPLICATION INSTRUCTIONSDown Payment Assistance Grant Fiscal

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How to fill out down payment assistance grant

01

Research available down payment assistance grants in your area.

02

Determine eligibility requirements for each grant.

03

Gather necessary documentation, such as income and credit history.

04

Submit applications for the grants you qualify for.

05

Attend any required workshops or counseling sessions.

06

Follow up on the status of your application regularly.

Who needs down payment assistance grant?

01

First-time homebuyers who may not have enough savings for a traditional down payment.

02

Low to moderate income individuals or families who are looking to purchase a home.

03

Those who are interested in buying a home but need financial assistance to make their purchase possible.

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What is down payment assistance grant?

A down payment assistance grant is a financial aid program designed to help individuals or families with limited income to purchase a home by providing funds to cover part or all of the down payment.

Who is required to file down payment assistance grant?

Individuals or families who are applying for the grant and meet the eligibility criteria are required to file for down payment assistance grant.

How to fill out down payment assistance grant?

To fill out a down payment assistance grant, applicants usually need to provide personal and financial information, documentation of income, and details about the property they intend to purchase.

What is the purpose of down payment assistance grant?

The purpose of down payment assistance grants is to make homeownership more accessible to low and moderate-income individuals or families who may not have enough money saved for a down payment.

What information must be reported on down payment assistance grant?

Information such as the applicant's income, assets, debts, and details about the property being purchased must be reported on a down payment assistance grant application.

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