Minnesota Housing Senior Deferred Loan Program

Minnesota Housing Finance Agency

Available Senior & Disability

About This Program

Minnesota Housing Senior Deferred Loan Program is available to homeowners in Savage, MN.

Deferred payment loan for homeowners age 55 and older in greater Minnesota (areas outside seven-county metro) for essential home repairs. Loan payment deferred until home is sold or owner no longer occupies property.

Payment deferred until home sale or transfer; 0% interest

Official source site checked live on 2026-06-22.

Data last verified 2026-06-09. How we verify our data.

In Savage, MN, you can combine this program with other local help to cut your cost:

Key Details

  • Up to $30,000 deferred loan at 0% interest
  • Homeowners age 55+ eligible
  • Payment deferred until home sale
  • Income at or below 115% AMI
  • Available in greater Minnesota areas

How to Apply

Get free help applying Visit Official Program Page Track this program

(800) 710-8871

A grant-savvy contractor in Savage, MN can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

You will likely need a contractor to apply

Projects like this almost always need a licensed contractor, and many grants ask for a written estimate as part of your application. Lining up a contractor in Savage early keeps your application moving.

Get matched with a contractor

This program is usually a forgivable loan: you owe nothing if you stay in the home for the set period, but it may place a lien on the property until then.

Each program sets its own contractor rules. Check the official program page for exact requirements.

Your application paperwork

Documents you will likely need

  • Proof you own and live in the home (deed, recent mortgage statement, or property tax bill).
  • A government-issued photo ID for every owner on title.
  • Household income proof (recent pay stubs, last year's tax return, or benefit award letters for everyone in the home).
  • Proof of age (driver's license or birth certificate) if the program is age-based.
  • A written estimate from a licensed contractor for the work (many programs require this to apply).
  • Photos of the problem area or the work to be done.
  • The program's own application form, completed (use the official link or phone number on this page).
Download this checklist (PDF)

Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.

Deadline: Ongoing; contact program administrator

Questions about this program?

Ask us. It is free, and a real person answers within a business day.

Email us about this program

Frequently asked questions

How much can Minnesota Housing Senior Deferred Loan Program provide in Savage, MN?

Up to $30,000 deferred loan.

Who qualifies for Minnesota Housing Senior Deferred Loan Program in Savage?

Minnesota Housing Senior Deferred Loan Program is open to homeowners in Savage, MN. It serves seniors.

How do I apply for Minnesota Housing Senior Deferred Loan Program in Savage, MN?

Apply directly with Minnesota Housing Finance Agency using the official program link on this page or call (800) 710-8871. There is no middleman and no fee.

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

Get matched with a pro, free Browse Savage, MN contractors

Find More Programs in Savage, MN

This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.

See All Programs