See programs you qualify for
Get Matched Free →Minnesota First-Generation Homebuyer Loan Program
Funding status: Active
How much assistance
Up to ,000
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
Step 1: 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.
Notes
State-funded MHFA program. Distinct from the privately/grant-funded First-Generation Community DPA Fund (currently closed to new applicants).