Down Payment Assistance Programs

One of the biggest challenges of buying a home is having enough money for the down payment.  Fortunately, there are many different types of programs out there to help you have enough for a down payment and they are not just for first time home buyers.  There are a variety of programs available, many of which you do not have to pay back until you sell your home and some you don’t ever have to pay back.  Below is a list of several examples.  These programs come and go and new ones sometimes get introduced, so a knowledgeable loan officer can sort through the options and requirements and let you know what programs you might be eligible for.  Reach out to me and let me connect you with a knowledgeable loan officer and then help you get into your desired home.

City of Anoka: https://www.mncee.org/anoka-down-payment-assistance-deferred-loan

• The City of Anoka’s Housing and Redevelopment Authority (HRA) currently offers a

Homebuyer Deferred Program for those who purchase a single family property in Anoka.

• 0% APR.
• No monthly payments.
• Loan amounts from $1,000 to $2,500.
• No down payment required.
• 1-4 unit, owner-occupied properties.

City of Blaine: https://www.mncee.org/blaine-down-payment-assistance-loan

The City of Blaine Economic Development Authority’s Program provides down-payment/closing cost assistance to first-time homebuyers purchasing a home in Blaine.

Employees of Blaine businesses could also be eligible for additional funds to encourage them to live where they work.

• 0% APR.
• No monthly payments.
• Loan amounts up to $10,000 for current Blaine residents or employees and up to $5,000 for all others.
• Deferred for 30 years.

Property Eligibility

• Owner-occupied 1-4 unit properties located in the City of Blaine
• Townhomes and condominiums are eligible
• Purchase price cannot exceed $350,000

City of Bloomington: https://nwhomepartners.org/get-ready-help-for-homebuyers/downpayment-help/bloomington-homebuyer-mortgage-assistance-hma/

Up to $10,500 forgivable loan for down payment assistance in Bloomington. They do NOT need to be a first-time homebuyer and can be combined with Minnesota Housing Programs.

Who qualifies?

• Qualified borrowers must have a valid fully-executed purchase agreement at time of application.
• Borrower must be purchasing primary, owner-occupied home.
• Borrower’s household income may not exceed 80% of the area median income (AMI), adjusted for household size.

City of Brooklyn Center: https://www.mncee.org/brooklyn-center-down-payment-assistanceloan

The City of Brooklyn Center offers a financial assistance program for homeownership funded by the Community Development Block Grant (CDBG) program.

• 0% APR
• No monthly payments
• Loan amounts up to $10,000

Property Eligibility

• 1-4 unit owner-occupied properties
• Condominiums, duplexes and townhouses are eligible

City of Brooklyn Park: https://www.mncee.org/brooklyn-park-down-payment-assistance-loan

The City of Brooklyn Park’s Economic Development Authority (EDA) currently offers down

payment and closing cost assistance to first time homebuyers purchasing a home in Brooklyn Park.

• 0% APR
• No monthly payments.Amounts up to $7,500 for residents moving to Brooklyn Park. Up to $10,000 for current Brooklyn Park residents.

Property Eligibility

• Purchase price cannot exceed $372,600
• 1-4 unit, owner-occupied residential structures
• Owner occupants of condominiums and townhouses, and properties held in a trust are also eligible.

City of Coon Rapids: https://www.mncee.org/coon-rapids-down-payment-assistance-loan

The City of Coon Rapids currently offers residents help with costs associated with purchasing a new home.

• 0% APR.
• No monthly payments
• Loan amounts up to $5,000
• No down payment required

Property Eligibility

• Owner-occupied residential structures.
• 1-4 unit properties located in the City of Coon Rapids.
• Townhomes, condominiums, and properties held in a trust are eligible.

City of Duluth: https://1roofhousing.org/homebuyers/downpayment-assistance/essentiahomeownership-program/

Are you employed by Essentia Health and looking to purchase a home?

Do the following qualifications apply to you?

• Have or will obtain One Roof’s Homebuyer Education Workshop certificate before closing. Learn more about our Homebuyer Education Workshop
• Your primary income is from Essentia (51% or more of one borrowers income)
• Are purchasing a home located between the east side of Mesaba Avenue and 15th Ave

East – up to Skyline Pkwy and down to Superior Street

If you meet the eligibility requirement listed above and there are funds currently available, this program could help you afford the down payment on your home purchase.

• $5,000 towards your down payment
• $246 of the grant goes towards fees
• 5-year declining grant (20% forgiven each year)
• Remaining balance due upon sale or transfer of the home within those 5 years
• No income cap

City of Duluth: https://1roofhousing.org/homebuyers/downpayment-assistance/purchaseassistance-loans/

One Roof Community Housing offers a smart alternative to private mortgage insurance.

Qualified homebuyers may be able to finance their conventional loan down payment with an affordable monthly payment through our Purchase Assistance Loan, saving the cost of monthly private mortgage insurance, with as little as 2% down.

This program helps homeowners/borrowers pay down their mortgage quicker, increase their equity faster and allow for a higher tax deduction of the increased interest paid.

This is a monthly paying loan and may be used in conjunction with other assistance programs.

You may be eligible if you:

• Have or will obtain One Roof’s Homebuyer Education Workshop certificate before closing Learn more about our Homebuyer Education Workshop
• Are purchasing an owner occupied property
• Have a household income of $100,00 or less
• Are purchasing a home that is $200,000 or less
• Are purchasing a property within 30 miles of Duluth, MN
• Are purchasing a property with 4 or less units
• Do not own any other real estate

What are the loan details?

• The minimum interest rate on the PAL is 4%, with either a fixed or adjustable rate
• The rate will be 1% over the locked in, fixed, first mortgage rate or 2% over the locked in, adjustable, first mortgage rate
• The maximum loan term will be 20 years on a 20 – 30 year 1st mortgage, and cannot exceed the term of the 1st mortgage

City of Eden Prairie: https://www.edenprairie.org/citygovernment/departments/communitydevelopment/housing-and-community-services/first-time-homebuyer-program

The City of Eden Prairie offers a zero-interest, deferred loan up to $15,000 for qualifying first time homebuyers purchasing a home in Eden Prairie.

• Financial assistance can be used for part of the required down payment (up to 50%), closing costs (up to $5,000) and mortgage principle reduction (up to 10% of the purchase price or $10,000)

• Repayment of the loan is required if the home is sold or no longer homesteaded within the first 30 years of ownership; after 30 years, the loan becomes due and payable
• Applicants are accepted on a first-come, first-served basis (see application below)
• Program guidelines and income requirements are subject to change

Eligibility Criteria

• Must have a signed purchase agreement before applying
• Must be a first-time homebuyer — have not owned a home in the last three years or have been displaced due to a divorce
• Must buy a home in Eden Prairie
• Must complete a homebuyer training course with Community Action Partnership of

Suburban Hennepin or Framework before closing

• Must use a participating lender for the primary mortgage
• Household income must not exceed the current HUD income limit – income limits may change at any time

For more information contact Jeanne Karschnia at 952-949-8486.

City of Edina: https://www.edinamn.gov/155/Come-Home-2-Edina

The purpose of the Come Home 2 Edina Mortgage Program is to provide assistance to families and individuals looking for affordable home ownership options in Edina.

Maximum Loan Amount

• A maximum of 25% of the purchase price, not to exceed $60,000.
• The borrower must spend at least 25% of their gross income on housing (first mortgage, PITI, etc.)

For Land Trust Properties: Maximum loan amount is 25% of homeowner purchase price (not including the value of the land place in the Land Trust), not to exceed $60,000.

First-Generation Homebuyer Program: An additional $15,000 forgivable loan is available for first time homebuyers whose parents or guardians did not own their home.

City of Fridley: https://www.mncee.org/fridley-down-payment-assistance-deferred-loan

The City of Fridley currently offers down payment and closing cost assistance to first time homebuyers purchasing a home in Fridley.

• 0% APR.
• No monthly payments.
• Loan amounts up to $5,000.
• No down payment required.

Property Eligibility

• Owner-occupied residential structures.
• 1-4 unit properties located in the City of Fridley.
• Townhomes, condominiums, and properties held in a trust are eligible.

City of Minnetonka: https://www.mncee.org/minnetonka-down-payment-assistancedeferred-loan

The Economic Development Authority in and for the City of Minnetonka is making funds available for down payment and closing cost assistance.

• 1% APR.
• Fixed interest rate.
• Loan amounts from $500 to $15,000.

Property Eligibility

• Estimated market value must be at or below $372,600.
• Single-family owner-occupied properties.
• Townhomes or condominiums are eligible.

City of Roseville: https://www.mncee.org/roseville-down-payment-assistance-loan

The Roseville Economic Development Authority (REDA) is making funds available for down payment and closing cost assistance available to first-generation homebuyers.

• 0% APR.
• No monthly payments.
• Loan amounts from up to $25,000.

Property Eligibility

• 1-4 unit, owner occupied properties located in the City of Roseville.
• Townhomes or condominiums are eligible.

City of Saint Louis Park: https://www.mncee.org/st-louis-park-first-generation-down-paymentassistance-loan

The City of St. Louis Park HRA currently provides down-payment/closing cost assistance to first generation homebuyers in purchasing a home in St. Louis Park.

• 0% APR.
• No monthly payments.
• Loan amounts dependent on household’s income and the purchase price of the home.

Property Eligibility

• Owner-occupied single-family or duplex properties.
• Townhomes and condominiums are eligible.

City of Saint Louis Park: https://www.mncee.org/st-louis-park-down-payment-assistancedeferred-loan

The City of St. Louis Park HRA currently provides down-payment/closing cost assistance to first time homebuyers in purchasing a home in St. Louis Park.

Employees of St. Louis Park businesses could also be eligible for additional funds to encourage them to live where they work.

• 0% APR.
• No monthly payments.
• Loan amounts up to $15,000 (not to exceed 5% of the purchase price).
• An additional $5,000 may be eligible for homebuyers working in St. Louis Park.

Property Eligibility

• Owner-occupied single-family properties.
• Townhomes and condominiums are eligible.

City of Minneapolis: https://nwhomepartners.org/homeownership-opportunity-minneapolishom-down-payment-assistance/

Potential Minneapolis homebuyers who participate in financial coaching can get an added benefit: up to $10,000 or up to $20,000 in the form of a 0% interest, due-on-sale loan for a down payment on a home. These loans have no monthly payments and are paid back after 30 years or when the house is sold.

PROGRAM HIGHLIGHTS

• Updated requirement as of 3/24/22: applicants must complete an approved financial wellness counseling appointment no later than three business days prior to closing on a home.
• Applicants can apply for a pre-approval for HOM funds. Once your application is determined eligible, the pre-approval is good for 60 days.
• Buyers must also attend homebuyer education. NeighborWorks Home Partners offers HomeStretch workshops that meet this requirement.
• The Borrower/s can have either a Individual Taxpayer Identification Number (ITIN) or Social Security Number (SSN)
• The maximum loan for applicants 60% AMI or below will be $20,000.
• The maximum loan for applicants 60% to 80% AMI will be $10,000.
• Owner-occupied single family and duplex homes within Minneapolis city limits are eligible. This includes townhomes and condos.
• These funds cannot be layered with these other City of Minneapolis programs.

City of Minneapolis – Central Neighborhood: https://www.mncee.org/central-down-paymentassistance-loan

The Central Neighborhood has made resources available to help residents purchase properties in the Central Neighborhood. Other sources of funds, such as MHFA and CEE loans, may be used to supplement this program.

• 0% APR.
• No monthly payments.
• Loan amounts up to $10,000.

Property Eligibility

• 1-4 unit owner-occupied residential properties located in the Central Neighborhood.
• Individual condo and townhome owners and properties held in a trust are eligible.\

City of Minneapolis – Columbia Park Neighborhood: https://www.mncee.org/columbia-parkdown-payment-assistance-loan

Columbia Park neighborhood has designated City of Minneapolis NRP dollars for down payment assistance in the neighborhood.

• 0% APR.
• No monthly payments.
• Loan amounts up to $5,000.

Property Eligibility

• 1-4 unit owner-occupied residential properties within the Columbia Park Neighborhood.
• Townhomes, condos, and properties held in a trust are eligible.

City of Minneapolis – East Phillips Neighborhood: https://www.mncee.org/east-phillips-downpayment-assistance-loan

The East Phillips Improvement Coalition (EPIC) has made funds available to promote owner occupancy of residential properties in the East Phillips Neighborhood.

• 0% APR.
• No monthly payments.
• Loan amounts up to $10,000.

Property Eligibility

• 1-4 unit owner-occupied residential properties located in the East Phillips Neighborhood.
• Townhomes, condominiums and properties held in the name of a Trust are eligible.

City of Minneapolis – Hawthorne Neighborhood: https://www.mncee.org/hawthorne-downpayment-assistance-loan

The Hawthorne Neighborhood Association has designated City of Minneapolis NRP dollars for purchasing and improving homes in the neighborhood.

• 0% APR.
• No monthly payments.
• Loan amounts up to $10,000.

Property Eligibility

• 1-4 unit owner-occupied residential structures located in the Hawthorne Neighborhood.
• Townhomes, condominiums, and properties held in a trust are eligible.

City of Minneapolis – Jordan Neighborhood: https://www.mncee.org/jordan-down-paymentassistance-loan

The Jordan Area Community Council has designated City of Minneapolis NRP dollars for  purchasing homes in the neighborhood.

• 0% APR.
• No monthly payments.
• No income limits.
• Loan amounts from $1,000 to $4,000.

Property Eligibility

• 1-4 unit owner-occupied residential properties located in the Jordan Neighborhood.

City of Minneapolis – Near North / Willard Hay Neighborhood:

https://nwhomepartners.org/get-ready-help-for-homebuyers/down-payment-help/near-northwillard-hay-homebuyer-entry-cost-assistance/

Looking to buy a home in the North Side? You could get up to $10,000 in down payment assistance!

NeighborWorks Home Partners has partnered with the Northside Residents Redevelopment Council (NRRC) to provide homeownership support to residents of the Near North and WillardDOWN Hay neighborhoods. This partnership includes the Homebuyer “Entry Cost” Assistance Deferred Loan Program, which provides up to $10,000 in down payment assistance!

Who qualifies?

Anyone buying a 1-4 unit property that they intend to occupy as their primary residence.

Applicants do not have to be first time homebuyers. Purchasers of condominium or townhome units are eligible to participate in the program, as are purchasers through a community land trust. Interest Rate & Deferred Loan Term: The interest rate is zero-percent with a loan term of 7 years. The loan will be 100% forgiven after seven (7) years of continued occupancy and ownership from the date of loan closing.

City of Minneapolis – SE Como Neighborhood: https://www.mncee.org/southeast-comodown-payment-assistance-loan

SECIA has made Neighborhood Revitalization Program (NRP) deferred funds available for closing cost/down payment assistance for people purchasing a property in the Southeast Como neighborhood.

• 0% APR.
• No monthly payments.
• Loan amounts up to $5,000.

Property Eligibility

• 1-4 unit residential structures located in the Southeast Como neighborhood that will become owner-occupied.
• Properties under construction or held in Trust are eligible.

City of Minneapolis – Webber-Camden Neighborhood: https://www.mncee.org/webbercamden-down-payment-assistance-loan

The Webber-Camden Neighborhood currently offers a Homebuyer Program for those who purchase a single-family property in Webber-Camden.

• 0% APR
• Loan amounts up to $6,000
• 5 year loan term
• No income limits

Property Eligibility

• 1-4 unit owner-occupied residential properties located in the Webber-Camden Neighborhood.
• Individual condo and townhome owners and properties held in a trust are eligible.
• All borrowers must take a HUD approved home-ownership counseling class.

City of Northfield

First-Time Buyer Program: https://www.northfieldmn.gov/209/First-time-Homebuyer-Program

The Northfield HRA is excited to provide first-time homebuyers with the opportunity to receive assistance towards a down payment or closing costs. We provide up to $25,000 in a zero interest, deferred loan that is payable when the homeowner sells or refinances the first mortgage.

City of Saint Paul: https://www.stpaul.gov/departments/planning-and-economicdevelopment/housing/downpayment-assistance

The Downpayment Assistance Program provides financial assistance for homebuyers earning at or below 80% area median income (AMI). Qualified homebuyers can receive up to $40,000 to use towards a home downpayment, closing costs and/or property inspection.

First-generation homebuyers are eligible to receive up to an additional $10,000. Homebuyers that are eligible for the Inheritance Fund layers may earn up to 100% AMI and can receive up to an additional $60,000 (for a total of $110,000).

The program was developed to support the wealth-building opportunities provided by homeownership to low- and moderate-income households and to address racial disparities in homeownership.

The Downpayment Assistance Program is funded by the Housing Trust Fund.

The Saint Paul Housing Authority green-lighted updates to the program at its January 11, 2023, meeting and updated applications are expected to be available in February 2023. The City of Saint Paul will share more information when available.

City of Shoreview: https://nwhomepartners.org/city-of-shoreviewhomeownershipprograms/shoreview-down-payment-assistance-for-first-time-homeowners/

The City of Shoreview is offering down payment and closing cost assistance loans to encourage first-time homebuyers to purchase a home in Shoreview. There are two programs, one that is amortizing (with monthly payments) and one that is due-on-sale (no monthly payments.)

Amortizing: For buyers with incomes below 120% AMI, the down payment assistance is in the form of a loan of up to $30,000 with low interest, paid back in monthly payments.

Due-on-sale: For buyers whose incomes are at or below 80% of the Area Median Income, up to $20,000 is available in a due-on-sale loan with 0% interest and no payments, paid back when the house is sold, transferred, or no longer owner-occupied.

Program Highlights:

• Applies to single-family homes, townhomes, duplexes, and condominiums within Shoreview city limits.
• Property must be owner-occupied as a primary residence.
• Purchase price may not exceed $425,000.
• Buyers must attend homebuyer education.
• Buyer may not have owned a home within 3 years.
• $25 application fee
• There must be a minimum contribution of 3% of the purchase price paid by or on behalf of the borrower, with a maximum contribution of $10,000. Acceptable sources of the minimum contribution include: earnest money, buyer funds brought to closing and seller paid closing costs. Buyer funds that result from a gift must be accompanied by a gift letter documenting the source as a relative. In no case shall proceeds from a loan or other debt instruments be allowed to meet this minimum contribution criterion.

City of Woodbury: https://nwhomepartners.org/wp-content/uploads/2022/04/Woodbury-

First-Time-Homeownership-Program-04-14-22.pdf

Program Overview: The City of Woodbury HRA has made down payment and closing cost assistance loans available to encourage homeownership in the City of Woodbury. Current available dollars for loans are based upon the fund balance for any given period.

Loan Amount: The maximum loan amount is $30,000.

Eligible Use of Funds: The loan funds can be used for down payment and closing costs.

Interest Rate & Deferred Loan Term: The interest rate is below market rate and will be fixed with simple annual interest, with monthly installment payments of interest only. Borrowers aged 65 or older or who are military veterans shall receive a discounted rate. First generation homebuyers shall have an interest rate of zero percent. Payment of principal will be deferred until sale, transfer of title, when the primary mortgage is paid off, or when the property ceases to be owner-occupied.

Minimum Contribution: There must be a Minimum Contribution of 3.5 percent of the purchase price paid by or on behalf of the home buyer, capped at $10,000.

Income Limit: Applicant total gross annual household income shall not exceed $146,000.

Education: All applicants must have 8 hours pre-purchase education or an online equivalent, as evidenced by an acceptable completion certificate.

Borrower does not need to be a first-time homebuyer IF the property being purchased is in a foreclosed status, with the Woodbury loan recipient as the first owner-occupant after the foreclosure, OR the property is in foreclosure prior to the sheriff’s sale.

Property Eligibility:

• Purchase price cannot currently exceed $419,000.
• Single family homes, townhomes, twin homes, or condominiums in the City of Woodbury to be used as the buyer’s principle place of residence.
• Properties may not be within the flood plain as identified by FEMA.

Metro Home Down Payment Assistance: https://nwhomepartners.org/get-ready-help-forhomebuyers/down-payment-help/metro-home-down-payment-assistance/

Get over $10,000 in down payment assistance if you live in this 11-county metro area

Note: As of 1/12/2023, this program does not have any funds. Please keep checking this webpage for updates.

If you are buying a home in Anoka, Carver, Chisago, Dakota, Hennepin, Isanti, Ramsey, Scott, Sherburne, Washington or Wright county, you may qualify for over $10,000 in Metro Home down payment assistance!

Who qualifies?

• Qualified buyers must have an annual household income that is at or below 80% of the area median income (AMI) If the property is located in a qualified census tract, the borrower annual household income cannot exceed 120% of the area AMI.
• Buyers must have a minimum cash investment of $1,000 or 1% of the purchase price from their own verifiable funds.
• Buyers are required to take 8 hours of homebuyer education from an approved provider or Framework (online) + a 1 hour in-person pre-purchase appointment from an approved provider.

Ramsey County: https://www.ramseycounty.us/residents/property-home/homebuyerhomeowner-programs/homebuyer-assistance

Ramsey County’s FirstHome program assists first-time and first-generation homebuyers with low-to-moderate incomes who are purchasing homes in Ramsey County communities, outside the City of Saint Paul.

Eligible buyers may purchase a home up to $372,600 and qualify for loans that can be used for down payment assistance, closing costs and, occasionally, health, safety or code improvements.

A maximum investment of $3,726 is required from the buyer, with consideration of earnest money. This principal-only subordinate mortgage must be repaid when the property is sold.

The FirstHome Program requires that all parties to the mortgage be owner-occupants and that the incomes of all, including co-signers, be included in the calculation of income eligibility for buyer assistance.

First-time buyer(s)

• May qualify for a loan up to $20,000 for down payment or closing costs with 0% deferred loan interest, due upon sale.
• Must be at or below 80% Area Median Income (AMI), according to household size.

First-generation homebuyer(s)

• May qualify for a loan up to $93,150 for down payment or closing costs with maximum loan 25% of home purchase price. Loan interest forgiven at 5% per year for a 20-year period.
• Must be at or below 80% AMI with 1-3 household members. Buyer(s) with 4 or more household members must be at or below 100% AMI.
• Must sign a document stating they have never owned a home and their parents have never owned a home.

General requirements

• New and existing single-family detached homes, condos, townhouses and duplexes are eligible for FirstHome assistance. The home must be inspected and meet housing quality standards and local codes prior to occupancy.
• Buyers should be able to qualify for a Veterans Administration, Federal Housing Administration, or Fannie Mae-approved conventional mortgage as determined by the private lender, or they must meet the requirements of locally approved initiatives designed to meet affordable housing needs in suburban Ramsey County.
• Buyers must successfully complete an approved homebuyer class, either HomeStretch or Framework, before closing the loan. Classes are available through the Homeownership Center.

Scott County: https://scottcda.org/resource/first-time-homebuyers/

2023 FIRST-TIME HOMEBUYER GRANT PROGRAM Scott County CDA offers down payment and closing cost grants to eligible First-Time homebuyers purchasing a home in Scott County.

Applicants must be active participates in our Homebuyer Counseling Program, have completed a HUD approved Education Course, and meet all other criteria below. In 2023, the maximum grant amount is $8,000. Grant Eligibility Criteria Prior to signing a purchase agreement: 1. Must have completed a minimum of 1 Pre-purchase counseling session within the last 12 months. The session must be at least 60 days prior to signing the purchase agreement. 2. Must have completed either the in-person Homebuyers Education Workshop within the last 5 years OR the online course, FRAMEWORK within the last 2 years. 3. All persons listed on the mortgage loan/purchase agreement(s) must be first-time homebuyers, meaning you have not owned a home or property in the last 3 years, manufactured/mobile homes are excluded. 4. Must meet the household income guidelines (see below): Ø Household size of 1-2, cannot make more than $117,300 per year Ø Household size of 3 or more cannot make more than $134,800 per year  *The CDA works with your lender to calculate and verify income. The CDA counts income from all household members 18 and older. Dependents who are full-time students are excluded. 5.Must purchase home in Scott County 6. Grants must be used towards closing costs or down payment funds 7. Purchase price must be less than $372,600 8. Must put down at least $1,000 of own money 9. Down payment, from borrower’s own funds or gifts, must not exceed 5% of purchase price (closing costs excluded). 10. Homebuyer must be listed on the mortgage loan and purchase agreement 11. Must be purchasing a single-family home, condo, or townhome 12. Must occupy home after purchase 13. Must be a fully amortizing fixed rate mortgage.  Cannot be contract for deed or private party transaction, including purchasing from family members. 14. Must be able to qualify for mortgage without the grant. Grant money cannot be basis for qualifying for mortgage or a higher mortgage amount. 15. Must be in good standing with Scott County CDA 16. Must not have received a SCCDA Grant before.

Community Keys Program: https://nwhomepartners.org/get-ready-help-forhomebuyers/.down-payment-help/community-keys-down-payment-assistance/

If you are buying a home in Hennepin, Ramsey, Washington, Dakota, or Anoka County, you may qualify for up to $20,000 in Community Keys Plus down payment assistance!

Note: As of 1/13/2023, this program cannot currently provide additional funds from Minnesota Housing Finance Agency. This means participants will receive a maximum of $10,000. Please keep checking this webpage for updates.

Who qualifies?

• For Community Keys Plus: buyers must have an annual income at or below 80% of Area Median Income.
• For MHFA Impact: buyers must have an annual household income that does not exceed $94,600 for all household sizes.
• The amount of assistance is based on need, determined by income and the projected house payment.
• The home cannot exceed a specified maximum purchase price.
• The home must be owner-occupied, 1-4 units, and in the red highlighted census tracts in Hennepin, Ramsey, Washington, Dakota, or Anoka County. If you want to confirm an address is in the census tract, please email downpayment@nwhomepartners.org. You also may also look up by following these instructions, but this search does not guarantee eligibility. NeighborWorks will provide final confirmation of property eligibility.