Homebuyer Down Payment Assistance

Homebuyer Down Payment Assistance provides closing costs and reduces the amount of your first mortgage.

Eligible homebuyers have access to down payment and closing cost loan programs offered by the City of Minneapolis. Additional eligibility requirements may apply.

Area Median Income (AMI) limits are based on Minnesota Housing. Limits are updated annually.

Minneapolis Homes Homebuyer Assistance Programs information

Requirements

  • Used for down payment and normal closing costs
  • Homebuyer education is required
  • Borrowers may receive only one Minneapolis Homes Homebuyer Assistance program at a time
  • Only City-approved Contract for deed models eligible
  • Must be an owner-occupied dwelling

NOTE: Borrowers do not have to be first-time homebuyers

For more information contact Minneapolis Homes.

 

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Contact Us

Community Planning & Economic Development (CPED)

Phone

612-673-5095

Address

Public Service Building
505 Fourth Ave. S., Room 320
Minneapolis, MN 55415

Minneapolis Homes: Build or Rehab

Community Planning & Economic Development

Address

Public Service Building
505 Fourth Ave. S., Room 320
Minneapolis, MN 55415