This program is currently closed and not accepting applications.
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Get Matched Free →Carver County CDA Down Payment and Closing Cost Assistance Program
Funding status: Closed
How much assistance
Up to 25% of purchase price, not to exceed $50,000
0% interest second mortgage, forgivable after 20 years; 5% of original loan principal forgiven annually as long as the homeowner owns and resides in the home as their principal residence.
Eligibility
- Income limits: At or below 100% Area Median Income (AMI), not adjusted by household size; currently $132,400 for 2025 (verify 2026 figure).
- Purchase price limit: $415,000
- First-time buyer required: Yes —
- Geographic restrictions: Property must be located in Carver County, Minnesota.
- Homebuyer education required: Yes
How to Apply for Carver County CDA Down Payment and Closing Cost Assistance Program
Pre-applications are currently closed due to overwhelming demand. Check carvercda.org for updates. When open, applicants must complete a pre-screening, pay a $100 application fee, attend a Home Stretch class, and submit to full underwriting. Contact Melodie Bridgeman at 952-556-2778 or melodieb@carvercda.org.
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