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Austin/Mower County Home Ownership Fund

Administered by:

City of Austin and Mower County
· County · Repayable Loan

Funding status: Active

How much assistance

Up to $6,000

Repaid over the life of the first mortgage; no forgiveness component.

Eligibility

  • First-time buyer required: No
  • Geographic restrictions:
    Available to buyers purchasing a home in the City of Austin or anywhere in Mower County, Minnesota.
  • Homebuyer education required: No

How to Apply for Austin/Mower County Home Ownership Fund

Step 1: Contact Tom Dankert at the City of Austin at 507-437-9959 to apply. Funds may be used for down payment, closing costs, or rehabilitation needed to purchase a home.

Notes

Joint program created in March 1997 by the City of Austin and Mower County under Minnesota Statute Section 471.59. Provides a 2% interest revolving loan. Verify current funding status and availability with the City of Austin.

Cities Where This Program Is Available