First Time Home Buyer Programs - Minnesota

houseredroof250.jpg

The Minnesota Housing Finance Agency offers mortgage loans available throughout Minnesota with entry cost assistance for low and moderate income borrowers.

The Minnesota Housing Finance Agency

The Minnesota Housing Finance Agency (MHFA) offers:

  • Mortgage loans through local lenders for qualified low and moderate income first-time homebuyers in Minnesota.
  • Affordable, low, fixed interest rates for the life of the loan.
  • Interest-free loans to help with your downpayment and closing costs.
  • 30-year affordable fixed rate loans.

Minnesota Mortgage Program (MMP)

The Minnesota Mortgage Program offers mortgage loans available throughout Minnesota with entry cost assistance for low and moderate income borrowers.

Read more about the Minnesota Mortgage Program

Community Activity Set-Aside (CASA)

The CASA program has mortgage loans for specific community needs with entry cost and monthly payment assistance.

Read more about the Community Activity Set-Aside Program

Homeownership Opportunity Program (HOP)

The Homeownership Opportunity Program offers mortgage loans for short term, temporary financing for the acquisition and rehabilitation of vacant properties in, or in imminent danger of, foreclosure and for properties (vacant or occupied) in a Foreclosure Impacted Area.

Read more about the Homeownership Opportunity Program

Urban Indian Housing Program

The Urban Indian Housing Program has mortgage loans for Native Americans with entry cost and monthly payment assistance.

Read more about the Urban Indian Housing Program

Other Local Minnesota Home Loan Resources

Minnesota also has several first time home buyer and other home loan programs available through city, county, and other state agencies. Find a local Minnesota home buyer program that is right for you on the official Minnesota HUD website.

Related Articles

Source: Minnesota Housing Finance Agency
Search All Articles
Related Articles
How To Save On Closing Costs
HomecashsmMany are shocked when they learn how much they owe to close on their mortgage. But there are ways to save before you sign on th
What are the FHA Loan Requirements?
FhaThe FHA makes it easy to secure a home loan. The FHA Loan Requirements are described in detail in this article.
Homeowners Insurance
HomeinstTips on how to shop for homeowners insurance and save money-also avice on flood insurance
Asbestos
Asbestosdanger2_thAn information guide on asbestos and asbestos abatement. Also discusses vermiculite and how it relates to asbestos.

More...
Most Popular
Bullying Prevention Program
Bully_thDescription of bullying behavior and its effects and the Olweus program for containing it.
Do You Need Term Life Insurance?
LifeinsuresmIf a permanent life insurance policy is beyond your financial reach, a term life insurance policy may be a viable alternative
Asbestos
Asbestosdanger2_thAn information guide on asbestos and asbestos abatement. Also discusses vermiculite and how it relates to asbestos.
Your 401(K) And Target-Date Funds
TargetLearn more about target date funds to determine if they should be part of your 401k

More...

Zip Code Profiler

Neighborhoods, Home Values, Schools, City & State Data, Sex Offender Lists, more.

Instant Home Value!