This program is currently closed and not accepting applications.
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Get Matched Free →Bloomington Homebuyer Mortgage Assistance (HMA)
Funding status: Closed
How much assistance
0% interest, no monthly payment forgivable second mortgage. Forgiven at 20% per year, fully forgiven after 5 years of owner occupancy.
Eligibility
- Income limits: Household income may not exceed 80% Area Median Income, adjusted for household size.
- First-time buyer required: No
- Geographic restrictions: Property must be a single-family home (attached or detached), townhome, or condominium within Bloomington city limits.
- Homebuyer education required: Yes
How to Apply for Bloomington Homebuyer Mortgage Assistance (HMA)
Apply through NeighborWorks Home Partners at 651-292-8710 or hello@nwhomepartners.org. Buyer must complete HUD-approved homebuyer education plus one-on-one financial homeownership counseling, with a counseling certificate dated at least 30 days before closing. Buyer must occupy the home as a primary residence within 30 days of closing.
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