Hoping to buy a home, but worried about having the money for down payment? Did you know that there are many programs that you might qualify for?
While you can search for down payment assistance on your own, it’s best to do so in partnership with a lender, as your income, type of income, frequency of income, and other factors can all impact your eligibility for programs.
The most widely available home buyer assistance program is MHFA – Minnesota Housing and Finance Authority.
Here is a list of generally available local and national down payment assistance programs in Minnesota.*
• Alexandria Housing Trust Fund
• Anoka Down Payment Assistance
• Becker County
• Bell Bank Moving Forward
• Bloomington Homebuyer Mortgage Assistance
• Brainerd Housing Trust Fund Program
• Brooklyn Center Down Payment Assistance
• Brooklyn Park Down Payment Assistance
• Central (Neighborhood) Down Payment Assistance Loan
• City of Austin Home Ownership Fund
• City of Eden Prairie First Time Home Buyer Program
• City of Northfield First-time Home Buyer Program
• City of Richfield First Time Home Buyer
• City of Woodbury First Time Homeownership Program
• Columbia Park Down Payment Assistance Loan
• Come Home 2 Edina
• Community Keys Plus Down Payment Assistance
• Community Revitalization Fund NW MN Multi-County HRA Down Payment Assistance
• Coon Rapids Down Payment Assistance
• East Phillips Down Payment Assistance Loan
• FannieMae HomeReady Mortgage
• FreddieMac Home Possible
• Fridley Down Payment Assistance Loan
• Hawthorne Neighborhood Association Down Payment Assistance Loan
• Homeownership Opportunity Minneapolis
• Jordan Area Community Council Down Payment Assistance Loan
• KOOTASCA Community Action Financial Assistance
• Plymouth Housing and Redevelopment Authority
• Ramsey County FirstHome
• Renville County Homeownership Down Payment Program
• Roseville Down Payment Assistance Loan
• Saint Louis Park First Generation Down Payment Assistance Loan
• Scott County CDA First-Time Homebuyer Grant
• Shoreview First-time Homeowners Down Payment Assistance
• Southeast Como Down Payment Assistance Loan
• Three Rivers Community Action Down Payment Assistance
• Webber-Camden Down Payment Assistance Loan
• Welcome to Minnetonka Loan Program
*Note – some programs are not widely publicized, which is why connecting with a lender is crucial to find the right program!
