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Get Matched Free →Come Home 2 Edina 2nd Mortgage Program
Funding status: Closed
How much assistance
Up to ,000 (25% of purchase price); additional ,000 forgivable loan for first-generation buyers
Subordinate mortgage with term identical to first mortgage. ,000 first-generation portion is forgivable.
Eligibility
- Income limits: Income limits set by program (income-restricted, low- to moderate-income households).
- First-time buyer required: Yes — Must not have owned a home in the past 3 years. First-generation portion requires that neither applicant nor parents previously owned a home.
- Geographic restrictions: Property must be located within the City of Edina, MN.
- Homebuyer education required: Yes
How to Apply for Come Home 2 Edina 2nd Mortgage Program
Step 1: Program is currently suspended. When active, applicants applied through the East Edina Housing Foundation. Borrowers must contribute at least ,000 toward down payment, closing costs, or prepaid expenses.
Notes
Program suspended on January 31, 2025, due to depleted funds. Funds are normally replenished when prior buyers sell and repay the loan, but limited turnover has stalled replenishment. No reopening timeline announced as of May 2026. Verify current status with the City of Edina before relying on this program.