See programs you qualify for

Get Matched Free →

By Tyler Thompson · Licensed Real Estate Agent · Updated May 5, 2026

Homebuyer Programs in Rosemount, MN (2026)

Population: 30,581 | Median home price: $480,000 | Est. closing costs: $9,500 - $14,500

Skyline of Rosemount, MN

Rosemount is one of the fastest-growing cities in Minnesota, located in Dakota County about 20 miles south of Minneapolis-Saint Paul, with a population of roughly 30,500 and a median home price near $480,000. First-time buyers in Rosemount have access to the Dakota County CDA First Time Homebuyer Program, which combines below-market mortgage financing with a Mortgage Credit Certificate, plus up to $10,000 in down payment and closing cost assistance and an additional $8,500 in zero-interest deferred loans for income-eligible buyers. Twin Cities Habitat for Humanity also serves Dakota County with its TruePath Mortgage and homeownership program, capping monthly payments at 30 percent of household income. State programs from Minnesota Housing add another layer with up to $18,000 through the Deferred Payment Loan, up to $17,000 through the Monthly Payment Loan, and up to $35,000 through the new First-Generation Homebuyer Loan Program. Combined, eligible Rosemount buyers can stack tens of thousands of dollars in down payment and closing cost help.

County Programs in Dakota County

Dakota County CDA First Time Homebuyer Program
Type:
Deferred Loan
Amount:
Up to $10,000 in down payment and closing cost assistance, plus up to $8,500 in additional zero-interest deferred loans for income-eligible buyers
First-time only:
Yes

State Programs in Minnesota

Minnesota First-Generation Homebuyer Loan Program
Type:
Deferred Loan
Amount:
Up to ,000
First-time only:
Yes
Minnesota Housing Deferred Payment Loan
Type:
Deferred Loan
Amount:
Up to ,500
First-time only:
Yes
Minnesota Housing Monthly Payment Loan
Type:
Repayable Loan
Amount:
Up to ,000
First-time only:
No
Minnesota Housing Start Up Program
Type:
Government-Insured Mortgage
Amount:
First mortgage with as little as 3% down
First-time only:
Yes
Minnesota Housing Step Up Program
Type:
Government-Insured Mortgage
Amount:
First mortgage; can also be used to refinance
First-time only:
No

Federal Programs

FHA Loans
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
FHLBA Community Partners Product
Type:
Forgivable Loan
Amount:
Up to $20,000 in home purchase assistance for down payment and closing costs
First-time only:
No
FHLBA First Time Homebuyer Product
Type:
Forgivable Loan
Amount:
Up to $17,500 in home purchase assistance for down payment and closing costs
First-time only:
Yes
FHLBA Workforce Housing Plus+
Type:
Forgivable Loan
Amount:
Up to $15,000 in home purchase assistance for down payment and closing costs
First-time only:
No
Good Neighbor Next Door (HUD)
Type:
Government Property Sale Program
Amount:
50% discount off the list price of HUD-owned homes
First-time only:
Yes
Home Possible Mortgage (Freddie Mac)
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
HomeReady Mortgage (Fannie Mae)
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
HUD $100 Down Program
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
USDA Rural Development Loans
Type:
Government-Guaranteed Mortgage
Amount:
100% financing (no down payment required); loan amount up to appraised value
First-time only:
No
VA Loans
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

Community Keys Plus Impact Down Payment Assistance
Type:
Deferred Loan
Amount:
Up to ,000
First-time only:
No
Twin Cities Habitat for Humanity Homeownership Program
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
Welcome Home Down Payment Assistance
Type:
Forgivable Loan
Amount:
Varies by household need
First-time only:
Yes

How to Apply

Step 1:

Check your eligibility. The Dakota County CDA First Time Homebuyer Program requires first-time buyer status (no homeownership in the past three years), income within program limits, and completion of an approved homebuyer education course.

Step 2:

Complete homebuyer education. The Dakota County CDA and Twin Cities Habitat for Humanity both offer approved Homestretch courses. Call the Dakota County CDA at 651-675-4400 to learn about upcoming sessions.

Step 3:

Contact the Dakota County CDA at 651-675-4400 or apply online to get connected with a homeownership advisor and confirm which programs you qualify for.

Step 4:

Get pre-approved for a mortgage with a Dakota County CDA-approved lender or a Minnesota Housing-approved lender. The Dakota County CDA program pairs with Minnesota Housing first mortgage products.

Step 5:

Find a home in Rosemount within the program purchase price limits. The Dakota County CDA and Minnesota Housing publish current Twin Cities Metro purchase price caps annually.

Step 6:

Submit your application through the CDA and your lender. Funding is allocated on a first-come basis, so apply as early as possible.

Step 7:

Close on your home and meet ongoing requirements (most programs require the home to be your primary residence for the life of the loan).

Frequently Asked Questions

Related Cities

Related Articles