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Get Matched Free →Shoreview First-Time Homebuyer Down Payment Assistance
Funding status: Active
How much assistance
Up to $30,000 amortizing loan or up to $20,000 deferred zero-interest loan
Due-on-Sale loan (up to $20,000) is repaid when the home is sold, transferred, or no longer owner-occupied. Amortizing loan (up to $30,000) is repaid in monthly installments at a low interest rate.
Eligibility
- Income limits: Amortizing loan: at or below 120% Area Median Income. Due-on-Sale loan: at or below 80% Area Median Income.
- Purchase price limit: $425,000
- First-time buyer required: Yes — Buyer must not have owned a home in the past three years.
- Geographic restrictions: Property must be a single-family home, townhome, duplex, or condominium located within Shoreview city limits and used as the primary residence.
- Homebuyer education required: Yes
How to Apply for Shoreview First-Time Homebuyer Down Payment Assistance
Contact NeighborWorks Home Partners at 651-292-8710 to confirm eligibility, complete homebuyer education, and apply. Borrower must contribute a minimum of 3% of the purchase price (capped at $10,000).
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