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Three Rivers Community Action Gap Financing

Administered by:
Three Rivers Community Action
· Nonprofit · Deferred Loan
Funding status: Closed

How much assistance

0% interest, deferred 30 years (or until sale of the home), or 0% interest forgivable structure depending on funding source.

Eligibility

  • Income limits: Below 80% of the statewide median income, adjusted for household size.
  • First-time buyer required: Yes — A buyer who has not had ownership interest in a principal residence in the last 3 years.
  • Geographic restrictions: 20-county southeastern Minnesota service area, including Olmsted County and Rochester.
  • Homebuyer education required: Yes

How to Apply for Three Rivers Community Action Gap Financing

Apply through Three Rivers Community Action. Buyers must complete the 8-hour Home Stretch homebuyer education course. Contact the Rochester office at 1926 Collegeview Rd E, Suite 1302 or 507-316-0610.

Learn More About Homebuying Assistance

Cities Where This Program Is Available (1 city across 1 state)