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Welcome Home Down Payment Assistance

Administered by:

NeighborWorks Home Partners
· Nonprofit · Forgivable Loan

Funding status: Active

How much assistance

Varies by household need

0% interest. Forgiven at 10% per year over 10 years as long as the buyer occupies the home as a primary residence.

Eligibility

  • Income limits:
    Household income at or below 80% Area Median Income (AMI), adjusted for household size.
  • First-time buyer required: Yes
    A first-time homebuyer or a buyer who previously lost a home to foreclosure.
  • Geographic restrictions:
    Twin Cities metro, including Minneapolis.
  • Homebuyer education required: Yes

How to Apply for Welcome Home Down Payment Assistance

Step 1: Apply through NeighborWorks Home Partners. Complete Financial Wellness counseling and HUD-approved homebuyer education before executing a purchase agreement. Contact NeighborWorks at 651-292-8710 or hello@nwhomepartners.org.

Notes

NeighborWorks Home Partners is a HUD-approved counseling agency and CDFI funded in part by a U.S. Treasury CDFI Fund award.

Cities Where This Program Is Available