CASA State of Minnesota Community Activity Set Aside program Provides down payment and closing cost assistance and below market interest rates for low to moderate income and work force housing purchaser. |
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Minnesota Housing Finance Agency Minnesota Mortgage Program First mortgage program that offers a below market interest rate to qualifying first time buyers. Down payment and closing cost assistance is available under the CASA initiative |
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Bloomington Housing and Redevelopment Authority Rental Programs Currently taking applications for the waiting list for their Rental Homes for Future Homebuyers Program. The program serves families of 3-6 people who meet the minimum requirements. If eligible, your family can rent a three bedroom single-family home from the HRA for a maximum of 5 years. |
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Brooklyn Center ReNew Buyer Incentive Program Down payment and closing cost assistance program to help rebuild the housing market in Brooklyn Center. |
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Offers affordable housing opportunities to homebuyers to live where they work, targeting the local work force. |
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City Living for Minneapolis and St. Paul Available to purchasers within the city limits of Minneapolis and St. Paul, provides below market rates and grants for down payment and closing costs |
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City of Lakes Community Land Trust creates perpetually affordable housing through a land trust model that allows the buyer to share in the increased home value when they sell |
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Provides subordinate mortgage loans up to $60,000 in the city of Edina that can be used for down payment and closing costs |
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Community Action Partners for Suburban Hennepin County Free, non-profit housing agency provides services for current and prospective homeowners. |
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Dakota County Community Development Agency Provides 1st time buyer 1st mortgage program and down payment assistance for new or existing homes in the county |
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Dayton's Bluff Neighborhood Housing Services This agency builds and rehabilitates single-family homes and provides entry cost assistance and low interest home improvement loans to people in the Dayton's Bluff and Payne-Phalen neighborhoods. |
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Eden Prairie First Time Homebuyer Program The City of Eden Prairie offers a zero-interest, deferred loan up to $25,000 for qualifying first-time homebuyers purchasing a home in Eden Prairie. |
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FHA Streamline 203K rehab loan FHA's Streamlined 203(k) program permits homebuyers to finance up to an additional $35,000 into their mortgage to improve or upgrade their home before move-in. With this new product, homebuyers can quickly and easily tap into cash to pay for property repairs or improvements, such as those identified by a home inspector or FHA appraiser. |
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FHA(Federal Housing Administration) Energy Efficient Mortgage Program Allows a buyer using an FHA mortgage to obtain up to $12500 over the amount of the mortgage for energy efficiency improvements completed at the time of purchase |
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Greater Minneapolis Metropolitan Housing Corporation This non-profit developer works with the Minneapolis Community Planning and Economic Development Agency and MHFA to build homes for low to moderate income buyers |
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Hennepin County Neighborhood Stabilization Program 2 Hennepin County has created homebuyer programs for the purchase, management and resale of foreclosed and abandoned properties. |
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McKinley Home Buyer Assistance Program Up to $4000 in down payment assistance to any qualified buyer within this neighborhood. Learn more from us as they don't have a website that gives details on this program. |
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Minneapolis Advantage Neighborhood Stabilization Program 2 This is a down payment and closing cost assistance program to help rebuild the housing market in key Minneapolis neighborhoods. Up to $30000 in assistance is available per household based on certain qualifiers. |
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Neighborhood Energy Connection Loans, grants and rebates available for making energy efficient improvements. |
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Plymouth's First Time Homebuyer Program First time home buyers in Plymouth may qualify for zero interest loans for up to $25000 to be used for down payment and closing costs |
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Non-profit organization that develops/builds affordable housing with the goal of enhancing neighborhood stability and family self sufficiency... |
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Ramsey County First Time Buyer Program Up to $10000 in down payment assistance to first time buyers who work in Ramsey County and will live in suburban Ramsey County |
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A homebuyer in the Sheridan neighborhood can get $5000 in a deferred loan to be used towards purchasing a home. The homebuyer must remain in the home for 6 years for the loan amount to be forgiven. |
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Take Credit Minneapolis and St. Paul For those who already have the down payment saved and don't need assistance, this is a credit off the amount of federal income taxes you owe annually for the duration of the time you live in the home! |
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Two Rivers Community Land Trust The goal of this program is to make homes available for people making 80% of the area median income. They rehab existing homes, build new homes and purchase newly built units |
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West Hennepin Affordable Housing Land Trust Providing the benefits of homeownership to individuals and families that are otherwise unable to buy a house through a land trust model |
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Woodbury First-time Home Ownership Program The objective of the Woodbury First-time Home Ownership Program is to encourage home ownership in the City of Woodbury by providing financing to low- and moderate-income first-time purchasers. Low-interest, deferred loans of up to $25,000 are available to qualified families |
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