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Get Matched Free →Burnsville Down Payment Assistance Program
Funding status: Active
How much assistance
Up to $41,000, not to exceed 10% of the purchase price
If the home is sold before the 30-year mark, all funds and accrued interest must be repaid to the city.
Eligibility
- Income limits: At or below 80% of Area Median Income (approximately $72,950 for a one-person household up to $112,550 for a five-person household)
- First-time buyer required: No
- Geographic restrictions: Property must be located in the City of Burnsville.
- Homebuyer education required: Yes
How to Apply for Burnsville Down Payment Assistance Program
Step 1: Confirm household income at or below 80% AMI per the published limits. Step 2: Get pre-approved for a mortgage with a participating lender. Step 3: Find a property in Burnsville and obtain a signed purchase agreement before applying. Step 4: Submit your application via burnsvillemn.gov/homework — funding is limited and applications are processed in the order received. Step 5: Close on the home with the city DPA recorded as a subordinate deferred loan; the loan is due if the home is sold before the 30-year mark.
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