See programs you qualify for
Get Matched Free →By Tyler Thompson · Licensed Real Estate Agent · Updated May 5, 2026
Homebuyer Programs in Savage, MN (2026)
Savage is a Scott County suburb in the southwest Twin Cities metro along the Minnesota River, with a population of about 32,889 and a median home price near $425,000. Savage does not fund a city-level down payment assistance program, but Scott County offers two strong tools: the Scott County CDA First-Time Homebuyer Grant provides up to $8,000 in down payment or closing cost assistance after counseling, and the Scott County CDA Community Land Trust offers permanently affordable homes (currently with listings in Savage and Prior Lake). On top of those, Minnesota Housing layers in 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. Twin Cities Habitat for Humanity also serves Scott County with the TruePath Mortgage and Habitat-built homes. Combining a state first mortgage with the Scott County CDA grant and other assistance can put $25,000 to $50,000 of help toward a purchase here.
County Programs in Scott County
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Scott County CDA Community Land Trust | Deferred Loan | Subsidized purchase price on permanently affordable land trust homes; CLT removes the cost of land from the home price, typically saving tens of thousands per purchase | Yes | View → |
| Scott County CDA First-Time Homebuyer Grant | Grant | Grant for down payment or closing costs (specific amounts set annually by Scott County CDA) | Yes | View → |
- Type:
- Deferred Loan
- Amount:
- Subsidized purchase price on permanently affordable land trust homes; CLT removes the cost of land from the home price, typically saving tens of thousands per purchase
- First-time only:
- Yes
- Type:
- Grant
- Amount:
- Grant for down payment or closing costs (specific amounts set annually by Scott County CDA)
- First-time only:
- Yes
State Programs in Minnesota
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Minnesota First-Generation Homebuyer Loan Program | Deferred Loan | Up to ,000 | Yes | View → |
| Minnesota Housing Deferred Payment Loan | Deferred Loan | Up to ,500 | Yes | View → |
| Minnesota Housing Monthly Payment Loan | Repayable Loan | Up to ,000 | 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
- Amount:
- Up to ,000
- First-time only:
- Yes
- Type:
- Deferred Loan
- Amount:
- Up to ,500
- First-time only:
- Yes
- Type:
- Repayable Loan
- Amount:
- Up to ,000
- 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 → |
| FHLBA Community Partners Product | Forgivable Loan | Up to $20,000 in home purchase assistance for down payment and closing costs | No | View → |
| FHLBA First Time Homebuyer Product | Forgivable Loan | Up to $17,500 in home purchase assistance for down payment and closing costs | Yes | View → |
| FHLBA Workforce Housing Plus+ | Forgivable Loan | Up to $15,000 in home purchase assistance for down payment and closing costs | 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:
- Forgivable Loan
- Amount:
- Up to $20,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Up to $17,500 in home purchase assistance for down payment and closing costs
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to $15,000 in home purchase assistance for down payment and closing costs
- 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 |
|---|---|---|---|---|
| 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:
- 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
Check your eligibility. Most Scott County and state programs require first-time homebuyer status (no homeownership in the past 3 years), a household income at or below program limits, and the purchase of a primary residence in Scott County.
Complete a HUD-approved homebuyer education course. Scott County CDA, Twin Cities Habitat for Humanity, and the Minnesota Homeownership Center all offer or accept qualifying courses.
Contact the Scott County CDA at (952) 395-5123 to begin counseling and the First-Time Homebuyer Grant intake. The $8,000 grant becomes available after completing CDA counseling and education.
Get pre-approved with a Minnesota Housing participating lender to layer the Start Up first mortgage with one of the state DPA loans (Deferred Payment, Monthly Payment, or First-Generation).
Explore Scott County CDA Community Land Trust homes if you fit the household income limits ($79,500 or $106,000 depending on household size). CLT homes carry a resale formula that keeps them permanently affordable.
Find a home within program limits. Verify the property meets Scott County CDA and Minnesota Housing purchase price caps before going under contract.
Submit your full application package. Funds are limited and grants are not guaranteed, so submit early; lock your rate and DPA reservation before closing.
Close on your home and move in. Most state DPA loans are deferred or zero-interest forgivable, so monthly payments stay tied to the first mortgage.