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)
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
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Dakota County CDA First Time Homebuyer Program | Deferred Loan | 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 | Yes | View → |
- 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
| 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: 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
How much down payment assistance can I get in Rosemount?+−
Do I have to be a first-time homebuyer?+−
What is the maximum home price for these programs?+−
What homebuyer education is required?+−
What is the Mortgage Credit Certificate offered by Dakota County CDA?+−
Can I combine Dakota County CDA assistance with Minnesota Housing programs?+−
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