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Get Matched Free →Dakota County CDA First Time Homebuyer Program
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Eligibility
- Income limits: Income limits apply; verify current limits with Dakota County CDA
- First-time buyer required: Yes — A buyer who has not owned a home in the previous three years; honorably discharged veterans may apply regardless of first-time-buyer status (provided they have not used a similar program previously).
- Credit score minimum: 640
- Geographic restrictions: Property must be located in Dakota County. Eligible property types include existing single-family homes, townhomes, FHA-approved condominiums, new construction, and duplexes.
- Homebuyer education required: Yes
How to Apply for Dakota County CDA First Time Homebuyer Program
Step 1: Confirm income eligibility (limits change annually) and minimum 640 credit score with Dakota County CDA at 651-675-4465. Step 2: Complete an approved homebuyer education course; Dakota County CDA's Homeownership Specialist (651-675-4470) can provide options. Step 3: Get pre-approved with a participating Minnesota Housing-approved lender. Step 4: Find a property in Dakota County and apply for the CDA First Time Homebuyer mortgage with optional down payment and closing cost assistance loans. Step 5: Close with the CDA loans recorded as a subordinate mortgage and Mortgage Credit Certificate (if applicable).
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