Homebuyer Down Payment Assistance

Homebuyer Down Payment Assistance provides closing costs and reduces the amount of your first mortgage. Eligible homebuyers have access to down payment and closing cost loan programs offered by the City of Minneapolis. Additional eligibility requirements may apply.

Area Median Income (AMI) limits are based on Minnesota Housing. Limits are updated annually.

Minneapolis Homes Homebuyer Assistance Programs information (PDF)

Requirements:

Used for down payment and normal closing costs
Homebuyer education is required
Borrowers may receive only one Minneapolis Homes Homebuyer Assistance program at a time
Only City-approved Contract for deed models eligible
Must be an owner-occupied dwelling

NOTE: Borrowers do not have to be first-time homebuyers

Grow North Guidelines (PDF)

Minneapolis Homes Affordability Gap Homebuyer Assistance Guidelines (PDF)

Homeownership Opportunity Minneapolis (HOM) Guidelines (PDF)

Home Ownership Works (HOW) Guidelines (PDF)

Minneapolis Homes BUILD Homebuyer Incentive Guidelines (PDF)

Minneapolis Homes REHAB Homebuyer Assistance Guidelines (PDF)

Minneapolis Homes Homebuyer Assistance Information Packet (PDF)

For more information contact Aarica Coleman, (612) 673-5078

Last updated Nov 1, 2019