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Home ownership program that offers financial assistance to make home purchases more affordable for those that meet eligibility requirements MORE INFORMATION The First-Time Homebuyer Program provides income-eligible first time homebuyers with the opportunity to receive down payment or closing cost assistance

Home ownership program that offers financial assistance to make home purchases more affordable for those that meet eligibility requirements MORE INFORMATION Minnesota Urban and Rural Homestead Program (MURL) homes are sold for no profit, without interest and to households who could not otherwise afford a home. Homes are sold as a contract for deed to qualified applicants.

Home ownership program that offers financial assistance to make home purchases more affordable for those that meet eligibility requirements MORE INFORMATION People buying a home may qualify for assistance for their down payment and closing costs. Assistance depends on their income level and the neighborhood where they are buying.

Home ownership program that offers financial assistance to make home purchases more affordable for those that meet eligibility requirements MORE INFORMATION Several home purchase assistance programs are administered by the Housing Authority. Community Revitalization Fund (CRF): * Helps homebuyers with down payment assistance through deferred loans and low interest loans * Offered for buying an existing home or building a new home * Available in Kittson, Lake of the Woods, Marshall, Norman, Pennington, Polk, Red Lake and Roseau Counties Community Housing Development Organization (CHDO): * Offers the Minnesota Urban and Rural Homestead Program (MURL) * Homes are available under a Contract for Deed with no down payment for those who qualify

Home ownership program that offers financial assistance to make home purchases more affordable for those that meet eligibility requirements MORE INFORMATION Help is available for first-time home buyers or those who have not owned a home in the last three years.

Home ownership program that offers financial assistance to make home purchases more affordable for those that meet eligibility requirements MORE INFORMATION The Minnesota City Participation Program (MCPP) offers help to income-eligible first time home buyers to purchase a home.

Home ownership program that offers financial assistance to make home purchases more affordable for those that meet eligibility requirements MORE INFORMATION Through the Community Land Trust, an affordable housing model, First Homes is able to sell homes to income-qualified buyers at a lower cost and protect that affordability for future buyers.

Home ownership program that offers financial assistance to make home purchases more affordable for those that meet eligibility requirements MORE INFORMATION Offers a zero interest deferred loan up to $35,000 for qualifying first-time homebuyers purchasing a home in Plymouth. Program components include: * Financial assistance can be used for up to 50% of the required down payment not to exceed $5,000, 100% of eligible closing costs up to $7,500, and for reduction of the mortgage principal up to 15% of the purchase price not to exceed $30,000. * Repayment of the loan is required if the home is sold or no longer homesteaded within the first 30 years of ownership. After 30 years, the loan becomes due and payable.

Home Stretch is a proven program that helps prepare homebuyers for successful homeownership. Workshop topics include: * Steps to becoming a homeowner * How to prepare financially for homeownership * What you can afford to pay for a home * Importance of credit and how it impacts homeownership * How to choose the right mortgage loan and get approved * Ways to shop for a home * What to do when you are ready to make an offer on a home * Importance of having a home inspection * How to prepare for loan closing and closing procedures * Responsibilities of homeownership * How to avoid scams Some programs run by the Minnesota Housing Finance Agency may require completion of the Home Stretch workshop for help with: * Down payment * Closing costs A listing of Home Stretch workshops is available online. For those unable to meet workshop scheduling requirements, an online self-guided homebuyer education course called Framework is available.

Home ownership program that offers financial assistance to make home purchases more affordable for those that meet eligibility requirements MORE INFORMATION People buying a home may qualify for assistance for their down payment and closing costs. Assistance depends on their income level and the neighborhood where they are buying.