See programs you qualify for
Get Matched Free →By Tyler Thompson · Licensed Real Estate Agent · Updated May 5, 2026
Homebuyer Programs in Andover, MN (2026)
Andover is an Anoka County suburb in the northern Twin Cities metro, with a population of about 33,035 and a median home price near $500,000. Anoka County does not fund its own down payment assistance program, but Andover buyers can still combine substantial state and nonprofit assistance. Minnesota Housing offers a Deferred Payment Loan up to $12,500, a Monthly Payment Loan up to $18,000, and the First-Generation Homebuyer Loan up to $35,000 for eligible buyers. NeighborWorks Home Partners adds the Community Keys Plus Impact program with up to $25,000 in DPA, plus the Welcome Home Down Payment Assistance program. Twin Cities Habitat for Humanity also serves Andover with its TruePath Mortgage and Habitat-built homes. For buyers at or below 80% AMI, the Andover Community Trust offers permanently affordable homes through its community land trust model. Stacked together, these programs can put $40,000 to $60,000 of assistance toward a purchase here.
State Programs in Minnesota
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Minnesota First-Generation Homebuyer Loan Program | Deferred Loan | — | Yes | View → |
| Minnesota Housing Deferred Payment Loan | Deferred Loan | — | Yes | View → |
| Minnesota Housing Monthly Payment Loan | Repayable Loan | — | No | View → |
| Minnesota Housing Start Up Program | Government-Insured Mortgage | First mortgage with as little as 3% down | Yes | View → |
| Minnesota Housing Step Up Program | Government-Insured Mortgage | First mortgage; can also be used to refinance | No | View → |
- Type:
- Deferred Loan
- First-time only:
- Yes
- Type:
- Deferred Loan
- First-time only:
- Yes
- Type:
- Repayable Loan
- First-time only:
- No
- Type:
- Government-Insured Mortgage
- Amount:
- First mortgage with as little as 3% down
- First-time only:
- Yes
- Type:
- Government-Insured Mortgage
- Amount:
- First mortgage; can also be used to refinance
- First-time only:
- No
Federal Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| FHA Loans | Government-Insured Mortgage | Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026) | No | View → |
| Good Neighbor Next Door (HUD) | Government Property Sale Program | 50% discount off the list price of HUD-owned homes | Yes | View → |
| Home Possible Mortgage (Freddie Mac) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HomeReady Mortgage (Fannie Mae) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HUD $100 Down Program | FHA-Financed HUD REO Purchase | Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs. | No | View → |
| USDA Rural Development Loans | Government-Guaranteed Mortgage | 100% financing (no down payment required); loan amount up to appraised value | No | View → |
| VA Loans | Government-Guaranteed Mortgage | No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026) | No | View → |
- Type:
- Government-Insured Mortgage
- Amount:
- Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026)
- First-time only:
- No
- Type:
- Government Property Sale Program
- Amount:
- 50% discount off the list price of HUD-owned homes
- First-time only:
- Yes
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- FHA-Financed HUD REO Purchase
- Amount:
- Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs.
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- 100% financing (no down payment required); loan amount up to appraised value
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026)
- First-time only:
- No
Nonprofit Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Andover Community Trust Homebuyer Program | Deferred Loan | Subsidized purchase price on permanently affordable homes; subsidy varies by home and household | No | View → |
| Community Keys Plus Impact Down Payment Assistance | Deferred Loan | — | No | View → |
| Twin Cities Habitat for Humanity Homeownership Program | Repayable Loan | Affordable mortgage with monthly payments at or below 30% of household income; option to use TruePath Mortgage on the open market or purchase a Habitat-built or Habitat-renovated home | No | View → |
| Welcome Home Down Payment Assistance | Forgivable Loan | Varies by household need | Yes | View → |
- Type:
- Deferred Loan
- Amount:
- Subsidized purchase price on permanently affordable homes; subsidy varies by home and household
- First-time only:
- No
- Type:
- Deferred Loan
- First-time only:
- No
- Type:
- Repayable Loan
- Amount:
- Affordable mortgage with monthly payments at or below 30% of household income; option to use TruePath Mortgage on the open market or purchase a Habitat-built or Habitat-renovated home
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Varies by household need
- First-time only:
- Yes
How to Apply
Step 1: Check your eligibility. Most state and nonprofit programs require first-time homebuyer status (no homeownership in the past 3 years), household income at or below program limits (often 80% to 100% AMI), and the purchase of a primary residence. Andover Community Trust is income-restricted to households at or below 80% AMI.
Step 2: Complete a HUD-approved homebuyer education course. Twin Cities Habitat for Humanity, NeighborWorks Home Partners, and Andover Community Trust all offer or accept qualifying courses.
Step 3: Get pre-approved with a Minnesota Housing participating lender. The lender will help layer the Start Up first mortgage with the right state DPA loan (Deferred Payment, Monthly Payment, or First-Generation).
Step 4: Explore Andover Community Trust homes if your household is at or below 80% AMI. Visit andoverclt.org to see available homes and start the buyer interest form. ACT homes use the community land trust model, which keeps homes permanently affordable.
Step 5: Apply for NeighborWorks Home Partners assistance. Community Keys Plus Impact provides up to $25,000 in DPA for buyers in the five-county metro, including Anoka County.
Step 6: Find a home within program limits. Verify the property meets Minnesota Housing purchase price caps and any nonprofit program limits before going under contract.
Step 7: Submit your application package through your lender and any DPA program providers. Underwriting and DPA reservation typically take 2 to 4 weeks; lock your rate and DPA reservation before closing.
Step 8: Close on your home and move in. Most state and nonprofit DPA loans here are deferred or zero-interest forgivable, so monthly payments stay tied to the first mortgage.
Frequently Asked Questions
How much down payment assistance can I get in Andover?+−
Does Anoka County have its own down payment assistance program?+−
Do I have to be a first-time homebuyer?+−
What is the maximum home price?+−
What homebuyer education is required?+−
How does the Andover Community Trust homebuyer program work?+−
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