See programs you qualify for
Get Matched Free →By Tyler Thompson · Licensed Real Estate Agent · Updated May 4, 2026
Homebuyer Programs in Coon Rapids, MN (2026)
Coon Rapids is a suburb of about 63,000 residents in Anoka County, just north of Minneapolis along the Mississippi River. The median home price sits around 0,000, putting ownership within reach for many working households when assistance is layered in. The city's standout offering is the Coon Rapids Down Payment Assistance Loan, which provides up to ,000 as an interest-free deferred loan that is half-forgiven at year 10 and fully forgiven at year 20. Buyers can stack this with state programs like the Minnesota Housing Start Up first mortgage, the Deferred Payment Loan (up to ,500), the Monthly Payment Loan (up to ,000), and the Minnesota First-Generation Homebuyer Loan (up to ,000). Combined with federal options and Twin Cities Habitat for Humanity, eligible Coon Rapids buyers can access tens of thousands in stacked assistance toward purchasing their first home.
City Programs in Coon Rapids
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Coon Rapids Down Payment Assistance Loan | Forgivable Loan | — | Yes | View → |
- Type:
- Forgivable Loan
- First-time only:
- Yes
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 |
|---|---|---|---|---|
| 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
- 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: Confirm your eligibility. The Coon Rapids DPA Loan caps household income at 110% of area median income — for a household of three or more in the Twin Cities metro, that is up to 2,800. You must not have owned a home in the past 3 years.
Step 2: Complete a HUD-approved homebuyer education course. Anoka County Community Action Program (ACCAP) runs the Home Stretch workshop monthly. Contact ACCAP at 763-783-4747 ext. 4851 to register.
Step 3: Contact the Lending Center at the Center for Energy and Environment at 612-335-5884 to start your Coon Rapids DPA Loan application.
Step 4: Get pre-approved with a Minnesota Housing approved lender. Use the lender directory at mnhousing.gov to layer in Start Up first mortgage and the Deferred Payment Loan or Monthly Payment Loan.
Step 5: Find a home located within the City of Coon Rapids that fits your budget and program requirements.
Step 6: Submit your final application and complete underwriting. Plan for several weeks between offer acceptance and closing while assistance is processed.
Step 7: Close on your home, occupy it as your primary residence, and stay through the forgiveness milestones to maximize the benefit.
Frequently Asked Questions
How much down payment assistance can I get in Coon Rapids?+−
Do I have to be a first-time homebuyer in Coon Rapids?+−
What is the maximum home price for Coon Rapids assistance?+−
What homebuyer education is required?+−
Does Anoka County have its own down payment assistance program?+−
Can Twin Cities Habitat for Humanity help me buy in Coon Rapids?+−
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