See programs you qualify for

Get Matched Free →

St. Louis Park First Generation Down Payment Assistance Loan

Administered by:

City of St. Louis Park (administered by Center for Energy and Environment)
· City · Forgivable Loan

Funding status: Active

How much assistance

Up to ,000 (5% of purchase price); additional ,000 available for employees of St. Louis Park businesses or renters who have lived in St. Louis Park six months or longer

Zero-interest deferred loan forgiven at 5% per year over a 20-year owner-occupancy period. After 20 years the loan is 100% forgiven.

Eligibility

  • Income limits:
    1- and 2-person household income limit ,300; 3+ person household ,900.
  • First-time buyer required: Yes —
    Must be a first-generation homebuyer (neither applicant nor parents have previously owned a home) AND a first-time homebuyer (not owned a home in the past 3 years).
  • Geographic restrictions:
    Property must be located within the City of St. Louis Park, MN.
  • Homebuyer education required: Yes

How to Apply for St. Louis Park First Generation Down Payment Assistance Loan

Step 1: Contact the Center for Energy and Environment at 612-335-5884 to apply.

Notes

Income limits and loan amount are subject to change and based on availability.

Cities Where This Program Is Available