Consumer Housing

Minnesota Housing Mortgage Loan Programs

What do our programs have to offer first-time homebuyers?

Mortgage loans to purchase a home through local lenders for qualified low and moderate income first-time homebuyers in Minnesota
30-year loans with affordable, low, fixed interest rates for the life of the loan
Interest-free loans to help with downpayment and closing costs for eligible borrowers

You may be eligible for a Minnesota Housing mortgage if you:

Are a first-time homebuyer, meaning you have not owned a home in the past three years,
Have federal income tax return copies for the last three years,
Have acceptable credit,
Have an income at or below prescribed Minnesota Housing income limits
- For basic first-time homebuyer program for a family of four, income limits are as follows:

11-County Twin Cities Metro Area - $84,000
Rochester MSA - $77,600
Balance of State – $73,100

11-County Twin Cities Metro Area - $298,125
Balance of State - $237,031

Contact a Lender
Minnesota Housing partners with lenders across the state to provide our loan products to consumers. To learn more about which Minnesota Housing program is right for you, and to see if you qualify, please contact a local participating lender.

Looking to buy a foreclosed home?
Check out the Homeownership Opportunity Program!

Learn more about the home buying process

Consumer Housing