Midwest Minnesota MMCDC Community Development Corporation Blending Capital With Innovation For Successful Community Development Down-payment Assistance Loans For Qualifying Homebuyers In Becker County 0% interest for home purchase of owner-occupied principal residence . Payments deferred until sale of home or maturity of first mortgage Buyers must qualify for and receive a first mortgage through MMCDC or another source Homes must be located in Becker County and household earners must be employed in Becker County Loans available to borrowers per guidelines below and funding availability: Household Size 80% AMI 115% SMI Loan Amount* 1 Person Up to $3,000 2 Person Up to $3,000 3 Person Up to $3,000 4 Person Up to $3,000 Up to $3,000 Up to $3,000 Up to $3,000 Up to $3,000 5 Person 6 Person 7 Person 8 Person $46,700 $53,350 $60,000 $66,650 $72,000 $77,350 $82,650 $88,000 Loan Amount* Up to $5,000 Up to $5,000 Up to $5,000 Up to $5,000 Up to $5,000 Up to $5,000 Up to $5,000 Up to $5,000 Neighbor Works CHARTERED MEMBER HOME Home Ownership for Me $104,000 $104,000 $119,600 $119,600 $119,600 $119,600 $119,600 $119,600 CONTACT MMCDC FOR DETAILS: Casey Grossman at cgrossman@mmcdc.com or 218-844-7024 Angie Schute at aschute@mmcdc.com or 218-844-7023 *HOMe is a program developed by the Becker County EDA, Essentia Health, the Detroit Lakes Regional Chamber of Commerce, Mahube-Otwa Community Action Partnership, the City of Frazee, the City of Detroit Lakes, Midwest Bank, Detroit Lakes Housing and Redevelopment Authority, and MMCDC, in partnership with the Minnesota Housing Partnership. Funding providers have included Becker County EDA, Detroit Lakes Development Authority, Essentia Health, BTD, Arvig, and the City of Frazee. The program is operated by MMCDC. 218-847-3191 www.mmcdc.com LENDER Midwest Minnesota MMCDC Community Development Corporation Blending Capital With Innovation For Successful Community Development Down - payment Assistance Loans For Qualifying Homebuyers In Becker County 0 % interest for home purchase of owner - occupied principal residence . Payments deferred until sale of home or maturity of first mortgage Buyers must qualify for and receive a first mortgage through MMCDC or another source Homes must be located in Becker County and household earners must be employed in Becker County Loans available to borrowers per guidelines below and funding availability : Household Size 80 % AMI 115 % SMI Loan Amount * 1 Person Up to $ 3,000 2 Person Up to $ 3,000 3 Person Up to $ 3,000 4 Person Up to $ 3,000 Up to $ 3,000 Up to $ 3,000 Up to $ 3,000 Up to $ 3,000 5 Person 6 Person 7 Person 8 Person $ 46,700 $ 53,350 $ 60,000 $ 66,650 $ 72,000 $ 77,350 $ 82,650 $ 88,000 Loan Amount * Up to $ 5,000 Up to $ 5,000 Up to $ 5,000 Up to $ 5,000 Up to $ 5,000 Up to $ 5,000 Up to $ 5,000 Up to $ 5,000 Neighbor Works CHARTERED MEMBER HOME Home Ownership for Me $ 104,000 $ 104,000 $ 119,600 $ 119,600 $ 119,600 $ 119,600 $ 119,600 $ 119,600 CONTACT MMCDC FOR DETAILS : Casey Grossman at cgrossman@mmcdc.com or 218-844-7024 Angie Schute at aschute@mmcdc.com or 218-844-7023 * HOMe is a program developed by the Becker County EDA , Essentia Health , the Detroit Lakes Regional Chamber of Commerce , Mahube - Otwa Community Action Partnership , the City of Frazee , the City of Detroit Lakes , Midwest Bank , Detroit Lakes Housing and Redevelopment Authority , and MMCDC , in partnership with the Minnesota Housing Partnership . Funding providers have included Becker County EDA , Detroit Lakes Development Authority , Essentia Health , BTD , Arvig , and the City of Frazee . The program is operated by MMCDC . 218-847-3191 www.mmcdc.com LENDER