First-Time
Homebuyer Programs
You may
be eligible for a number of programs that aid individuals
and families in reaching their goals of home ownership! Take
some time to explore the options...
Minnesota
Housing Finance Agency
MHFA makes mortgages with below market interest rates available
to first time homebuyers through local lenders. MHFA allows
lenders to offer lower rates that can lower your monthly payment
and increase your buying power.
CityLiving
- Saint Paul
CityLiving Home Programs offered by the Saint Paul Home Loan
Fund make home ownership affordable.
CityLiving
- Minneapolis
For more than 20 years the cities have worked together to
create mortgage loan products which serve low- and moderate-income
families. More than 10,000 people have purchased a home through
the CityLiving program.
ACORN
Housing
ACORN Housing is a national non-profit organization that has
provided free housing counseling and helped over 50,000 low
and moderate income homebuyers since 1987. ACORN Housing provides
one-on-one mortgage loan counseling, first-time homebuyer
classes, and helps clients obtain affordable mortgages through
our unique lending partnerships.
Dakota
County Community Development Agency
Whether you are buying an existing home or building a new
one - a Dakota County First Time Homebuyer Loan may help you
make homeownership a reality.
Community
Land Trusts
City of Lakes Community Land Trust
The rising cost of home values is making it harder for low-
and moderate-income households to break into the market. In
Minneapolis, the community land trust model is working to
change that.
Rondo
Community Land Trust
Rondo Community Land Trust (CLT) is a community-based affordable
housing land trust working to create and preserve homeownership
for low-to-moderate income households in Saint Paul, Minnesota.
Homes
Within Reach
Homes Within Reach, also known as West Hennepin Affordable
Housing Land Trust (WHAHLT), is a community land trust program
that has homes available for sale in suburban Hennepin County.
WHAHLT homeowners own the home and rent the land from WHAHLT
for a modest rate.
Two
Rivers Community Land Trust
Two Rivers Community Land Trust is a nonprofit organization
whose mission is to provide homeownership in Washington County,
MN to households currently priced out of the market. Two Rivers
owns the land underneath a home and sells the homeowner the
house. This reduces the cost of the house by approximately
25%. We currently are selling homes to first -time income
qualified homebuyers.
First
Homes - Rochester Area Foundation
It seems to be too good to be true, but First Homes has money
to give to working families who want to buy their own starter
home. Find out how to tap into the funds First Homes has available.
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