Grants, forgivable loans, and subsidized mortgages — many Minnesota buyers qualify for $124,000+ in assistance and don't even know it.
Find your programs →Click any program for full details, eligibility, and how to apply.
30-year fixed rate with DPA options up to $18,000. For first-time buyers statewide.
Deferred 0% loanHouse-hack eligible30-year fixed for repeat buyers. DPA up to $14,000 available. No first-time buyer requirement.
Deferred loanHouse-hack eligibleUp to 10% of price (max $32,000). 0% interest, forgiven over 5 years. For first-gen buyers.
Forgivable loanHouse-hack eligible$10,000-$20,000 zero-interest deferred loan based on income. For Minneapolis buyers.
Deferred 0% loanUp to $40,000 in down payment assistance for eligible St. Paul buyers.
DPA program3.5% down payment with 580+ credit. The most popular first-time buyer loan in America.
Subsidized loanHouse-hack eligibleZero down payment, no PMI for eligible veterans and active-duty service members.
Federal benefitHouse-hack eligibleZero down payment for rural and suburban areas. 97% of US land qualifies.
Subsidized loan3% down with reduced mortgage insurance for low-to-moderate income buyers.
Subsidized loanHouse-hack eligible3% down with flexible funding sources including gifts and employer assistance.
Subsidized loanHouse-hack eligibleNo down payment, no closing costs, no PMI, below-market rate. Character-based lending.
Nonprofit programHouse-hack eligible50% off purchase price for teachers, law enforcement, firefighters, and EMTs.
GrantThere are 5 state-specific programs and 7 federal programs available in Minnesota, totaling 12 programs.
Not all programs require first-time buyer status. Several Minnesota programs are available to repeat buyers. 'First-time buyer' means you haven't owned a home in the past 3 years.
Yes. Many DPA programs allow 1-4 unit properties. Live in one unit and rent the others — this is called house-hacking.