Help is out there. For YOU
Where do you start when buying a home? What if you don’t have a lot of money? What if you have bad credit? I’m here to help.
On this site you’ll find my list of homebuyer assistance programs around the Twin Cities.*
Each one has its own criteria, which I’ve attempted to summarize for you. Click through to the direct page for each program for more info.
*Disclaimer: I do not guarantee you will qualify, and this list is not necessarily comprehensive. I research these programs and summarize them to the best of my ability, and am not to be held liable for omissions or errors. If you notice an omission or error please alert me. Thank you!
MN Housing “Start Up” Loan
Down payment assistance
The Start Up program is for first-time homebuyers, defined as those who "have not had an ownership interest in a principal residence in the last three years." If you’ve never owned a home, or it's been more than three years since you've been a homeowner, you may be considered a first-time homebuyer.
To learn more, meet with a participating lender to discuss Start Up program guidelines and options, including:
Downpayment and Closing Cost Loan options – up to $18,000 available!
Minimum credit score
Owner-occupancy requirement
MN Housing “Step Up” Loan
For your second+ purchase
If you’re not a first-time homebuyer – or you’re a first-time homebuyer who exceeds the income and purchase limits for Start Up – the Step Up program might be a great option for you.
To learn more, meet with a participating lender to discuss Step Up program guidelines and options, including:
Downpayment and Closing Cost Loan options – up to $18,000 available!
Minimum credit score
Owner-occupancy requirement
Purchase price limits
Completion of homebuyer education (if all borrowers are first-time homebuyers)
Habitat for Humanity “TruePath” Mortgage
TCHFH Mortgage product
Twin Cities Habitat for Humanity’s wholly-owned nonprofit mortgage company, TCHFH Lending, Inc. offers the TruePath Mortgage product to low-and-moderate income households across the seven-county metro. TruePath Mortgage can be used on a Habitat-built home or a home you find on the open market.
5.25% fixed interest rate, 5.3059% APR
30-year term
Affordable monthly housing payment set at no more than 30% of gross income
No mortgage insurance
Maximum mortgage of 96.5% of home’s value
Borrower contribution of $3,000
Building Equity in Small Multifamily housing
Down Payment Assistance Program
This program is administered by the Family housing fund. It focuses on homebuyers up to 115% of area median income to purchase a 2–4-unit building in the 7-county metro area. The program especially encourages BIPOC individuals to apply.
Complete Landlord Training + Homebuyer Ed
Income <115% Regional AMI
0% interest, no payment, 5- year forgivable loan of up to $40,000 in aid.