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MinnesotaFirst-Time Homeowner programs

First-Time Homeowner grants in Minnesota

Browse first-time homeowner grants available in Minnesota, including statewide and local programs.

4 active programs in Minnesota

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Latest opportunities (4)

City of Minneapolis – Community Planning & Economic DevelopmentMNFirst-Time Homeowner0 percent interest deferred down payment and closing cost assistance loan with no monthly payments

Updated: Dec 6, 2025

Minneapolis’ down payment assistance loan provides $10,000–$20,000 in gap financing for income-qualified first-time homebuyers in the city, based on household AMI, to cover down payment and closing costs.

Eligible for: First-time homebuyers purchasing a primary residence in Minneapolis who meet income limits (≤80% or 60% AMI depending on assistance level), …

Funding: Provides up to 10000 dollars for households at or below 80 percent of area median income and up to 20000 dollars for households below 60 percent of area median income to help with down payment and standard closing costs.Deadline: Rolling while funds are available; HUD AMI limits are updated annually and the city updates income guidelines each spring.RollingLocalhomebuyerfirst-time homebuyerlow- to moderate-income homebuyerdown payment assistanceclosing cost assistance

Minnesota Housing Finance AgencyMNFirst-Time HomeownerForgivable down payment assistance loan layered with a Minnesota Housing Start Up first mortgage

Updated: Dec 5, 2025

Minnesota Housing’s now-closed First-Generation Homebuyer Loan Program provided targeted downpayment assistance loans to first-generation buyers using a Start Up mortgage, helping households whose parents never owned a home overcome the upfront cost barrier to homeownership.

Eligible for: First-generation homebuyers (whose parents never owned a home) using a Minnesota Housing Start Up mortgage, meeting agency income and purcha…

Funding: Provided one-time forgivable down payment assistance loans sized to program design and home price; funds are now fully exhausted and new loans are not available.Deadline: Program closed 2024-12-19; Minnesota Housing is no longer accepting First-Generation Homebuyer Loan commitments.ClosedStatewideindividualfirst-generation homebuyerdown payment assistanceforgivable loanfirst-generation homebuyer

City of Saint Paul – Department of Planning and Economic DevelopmentMNFirst-Time Homeowner0 percent interest 15-year deferred downpayment assistance loans plus Minnesota Housing and nonprofit partner programs

Updated: Dec 5, 2025

Saint Paul’s Homebuyer Assistance hub connects residents to the Citywide Downpayment Assistance Program, Minnesota Housing loans and DPA, and a network of nonprofit partners to make buying a home in Saint Paul more affordable.

Eligible for: Homebuyers purchasing in Saint Paul who meet income and purchase-price limits for city and Minnesota Housing programs; many offerings target…

Funding: Highlights the Citywide Downpayment Assistance Program, which offers up to 40000 dollars as a 0 percent interest 15-year deferred loan for down payment, closing costs, and interest rate buydown on homes in Saint Paul, along with other state and nonprofit assistance options.Deadline: Rolling; specific programs like Citywide Downpayment Assistance open and close based on funding, but the Homebuyer Assistance portal remains live and is updated as offerings change.RollingLocalhomebuyerfirst-time homebuyerfirst-generation homebuyerlow- to moderate-income homebuyerdown payment assistanceclosing cost assistanceinterest rate buydownaffordable mortgage

Minnesota Housing Finance AgencyMNFirst-Time Homeowner30 year fixed rate first mortgage loans (Start Up and Step Up) with optional down payment and closing cost assistance loans and mortgage credit certificates

Updated: Dec 6, 2025

Minnesota Housing’s “Buy a Home” offerings provide statewide first-time homebuyer and repeat-buyer mortgages with built-in access to down payment and closing-cost assistance, making homeownership more affordable for low- and moderate-income households across Minnesota.

Eligible for: First-time and repeat homebuyers in Minnesota who meet Minnesota Housing income limits (in some areas up to about $185,700 household income)…

Funding: Down payment and closing cost assistance amounts vary by program and are typically structured as separate loans sized as a percentage of the first mortgage amount, designed to reduce the cash needed at closing.Deadline: Rolling; programs are offered statewide while funding and loan purchase capacity remain available.RollingStatewidehomebuyerfirst-time homebuyerrepeat homebuyerdown payment assistanceclosing cost assistanceaffordable mortgagetax credit