Homebuyer Assistance

Open

City of Saint Paul – Department of Planning and Economic DevelopmentMNFirst-Time Homeowner

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.0 percent interest 15-year deferred downpayment assistance loans plus Minnesota Housing and nonprofit partner programsRollingDeadline: Scope: Localstate

Updated: Dec 5, 2025

Summary

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.

Benefits

down payment assistanceclosing cost assistanceinterest rate buydownaffordable mortgage

Who Can Apply

homebuyerfirst-time homebuyerfirst-generation homebuyerlow- to moderate-income homebuyer

Eligible Locations

Owner-occupied homes within the City of Saint Paul, Minnesota purchased by income-eligible buyers using city, Minnesota Housing, and partner homebuyer assistance programs.

Eligibility

Homebuyers purchasing in Saint Paul who meet income and purchase-price limits for city and Minnesota Housing programs; many offerings target first-time or first-generation buyers and low- to moderate-income households, and most require HUD-approved homebuyer education and counseling.

Full Description

The Homebuyer Assistance page for the City of Saint Paul functions as a one-stop portal for local and state homeownership supports. Under “Financing Programs” and “Home Purchase Programs,” the city links to Minnesota Housing’s Start Up, Step Up, and Mortgage Credit Certificate (MCC) offerings, as well as to nonprofit partners like Project for Pride in Living and Twin Cities Habitat for Humanity. In the Downpayment and Closing Cost Assistance Programs section, Saint Paul highlights its Citywide Downpayment Assistance Program, which external program summaries describe as offering up to $40,000 in a 0% interest, 15-year deferred loan—partially forgiven each year—to help with down payment, closing costs, or interest-rate buydowns on homes within city limits. The page also lists Minnesota Housing Deferred Payment and Monthly Payment Loans, the HOME HELP program, and community partners like NeighborWorks Home Partners and Rondo Community Land Trust that administer additional grants and shared-equity options. For SEO and structuring your directory, you can treat this as Saint Paul’s main homebuyer and down payment assistance overview, with the Citywide DPA page serving as the detailed product listing.

Verification & Details

Status: Open

Source: stpaul.gov

Official source → stpaul.gov

Apply on official siteUpdated Dec 5, 2025

Recommended Resource

First-Time Homebuyer Starter Pack (2025 Edition)

A complete first-time homebuyer toolkit: 9 checklists, timelines, grant guidance, worksheets + editable Excel/Google Sheet budget & affordability calculator.

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More statewide programs

Explore additional grants available throughout Minnesota that complement this opportunity.

Down payment assistance rules

Open

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

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First-Generation Homebuyer Loan Program

Closed

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

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Buy a Home – Minnesota Housing Homebuyer Programs

Open

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

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