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Get Matched Free →Homeownership Opportunity Minneapolis (HOM)
Funding status: Active
How much assistance
No interest, no monthly payments. 100% repayable at end of first mortgage term, on refinance, when home is no longer the primary residence, on title transfer, or at the end of the 30-year deferment period.
Eligibility
- Income limits: Household income may not exceed 80% of Area Median Income (AMI).
- First-time buyer required: Yes — A first-time homebuyer or a buyer who previously lost a home to foreclosure.
- Geographic restrictions: Property must be a single-family home, townhome, condominium, or duplex within Minneapolis city limits.
- Homebuyer education required: Yes
How to Apply for Homeownership Opportunity Minneapolis (HOM)
Administered by NeighborWorks Home Partners. Borrowers must complete financial wellness counseling and homebuyer education before signing a purchase agreement. Apply via NeighborWorks at 651-292-8710 or hello@nwhomepartners.org.
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