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Get Matched Free →Minnesota First-Generation Homebuyer Loan Program
Funding status: Active
How much assistance
0% interest, deferred. Repayment terms apply on sale, title transfer, or when the home stops being the primary residence.
Eligibility
- Income limits: Income limits follow the Start Up Program; vary by county and household size.
- First-time buyer required: Yes — At least one borrower must be a first-generation homebuyer. A first-generation homebuyer is someone whose parents or legal guardians have never owned a home, or lost a home through foreclosure.
- Credit score minimum: 640
- Geographic restrictions: Property must be located in Minnesota.
- Homebuyer education required: Yes
How to Apply for Minnesota First-Generation Homebuyer Loan Program
Apply through a Minnesota Housing-approved participating lender. Distinct from the separately funded First-Generation Community Down Payment Assistance Fund. Verify current funding status with Minnesota Housing.
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Cities Where This Program Is Available (43 cities across 1 state)
Minnesota (43 cities)
- Andover, MN
- Apple Valley, MN
- Austin, MN
- Blaine, MN
- Bloomington, MN
- Brooklyn Center, MN
- Brooklyn Park, MN
- Burnsville, MN
- Chanhassen, MN
- Chaska, MN
- Coon Rapids, MN
- Cottage Grove, MN
- Duluth, MN
- Eagan, MN
- Eden Prairie, MN
- Edina, MN
- Elk River, MN
- Fridley, MN
- Inver Grove Heights, MN
- Lakeville, MN
- Mankato, MN
- Maple Grove, MN
- Maplewood, MN
- Minneapolis, MN
- Minnetonka, MN
- Moorhead, MN
- Oakdale, MN
- Owatonna, MN
- Plymouth, MN
- Prior Lake, MN
- Ramsey, MN
- Richfield, MN
- Rochester, MN
- Rosemount, MN
- Roseville, MN
- Saint Paul, MN
- Savage, MN
- Shakopee, MN
- Shoreview, MN
- St. Cloud, MN
- St. Louis Park, MN
- Winona, MN
- Woodbury, MN