Increase your buying power in Minnesota
49 homebuyer assistance programs in Minnesota put grants, forgivable loans and special mortgages toward your down payment and closing costs, so your budget goes further. Add creative financing like seller credits and rate buydowns, and it stretches even more.
What 49 programs tell us about buying in Minnesota
Minnesota runs on nonprofits
28 of 49 programs come from nonprofits such as NeighborWorks Home Partners, the Center for Energy and Environment and One Roof Community Housing.
Mostly loans you repay later
26 of 49 are deferred or repayable loans. Minnesota Housing’s deferred loans of $14,000 to $18,000 carry no payments until you sell, refinance or the mortgage ends.
Funding churns fast
15 Minnesota programs we track are paused, out of funds or waitlisted, second only to California. Check status before you plan around one.
How the help arrives · 49 programs
Award sizes · grants and loans with a dollar cap
2 more pay a percentage of the price or loan, which scales with the home you buy. Your award depends on income, price and location.
Who runs them
9 programs are available statewide. 40 are limited to a city, county or region, so the address you buy at changes what you can get.
More programs, more buying power. Most buyers qualify for more than one. The Wallet Wizard checks income limits, price caps and location rules across all 49 Minnesota programs and 12 multi-state programs at once, and shows where creative financing like seller credits can stack on top.
Check my eligibilityPrograms to know in Minnesota
A few of the 49 programs we track, chosen for reach, award size and terms. Amounts are program maximums; what you receive depends on income, price and location.
Start Up Program
Minnesota HousingMinnesota Housing’s first-time buyer mortgage, with up to $18,000 in down payment and closing cost help. Income limits up to $152,200 by county.
Deferred Payment Loan Plus
Minnesota Housing$18,000 at 0% for down payment and closing costs, for eligible first-time buyers.
Step Up Program
Minnesota HousingUp to $14,000 in down payment and closing cost help for repeat and first-time buyers, with household income up to $197,900.
Welcome Home Down Payment Assistance
NeighborWorks Home PartnersA percentage of the price up to $50,000 at 0%, for first-time buyers up to 130% of Twin Cities area median income.
Advancing Black Homeownership Community Fund
ABH Fund with Twin Cities Habitat, NeighborWorks Home Partners, PRG and partnersUp to $45,000 at 0% for first-time Black homebuyers, with a household income cap of $132,400.
Hennepin County HRA Homebuyer Assistance
NeighborWorks Home Partners$20,000 to $30,000 at or below 60% of area median income, scaling down to $10,000 up to 115%.
12 multi-state programs also serve Minnesota
Offered by banks, credit unions and Federal Home Loan Banks in several states at once. Most are tied to that lender's own mortgage, so the lender you choose decides whether you can use them. The Wallet Wizard shows which ones you can pair.
FHLBank Des Moines Native American Homeownership Initiative
Forgivable loan · 13 states Check eligibilityThese are 4 of the 12 multi-state programs open to Minnesota buyers. See which ones you qualify for
See how much more home you can afford in Minnesota
- 1Answer a few questions in the Wallet WizardWhere you want to buy, household size, income range, job and military status.
- 2Get matched against every program we trackIncome limits, price caps, location rules and repayment terms, checked for you.
- 3Work with a pro who knows creative financingAgents and loan officers on Homebuyer Wallet see the same matches you do, and can layer in seller credits, lender credits and rate buydowns.
Every Minnesota program, matched to your buyer in seconds
Homebuyer Wallet gives professionals the full program record: income tables, price caps, approved lenders, provider contacts and application steps. Close the deals that stall on cash to close.
Minnesota homebuyer assistance FAQ
How much down payment assistance can I get in Minnesota?
It depends on where you buy and your household income. Among the 34 Minnesota programs we track that publish a dollar cap, the median award is $16,500. Others pay a percentage of the price or loan. The Wallet Wizard shows the amounts you could get for the home you want.
How do these programs increase my buying power?
Assistance covers part of your down payment or closing costs, or lowers your rate, so less of your own cash goes in upfront. The same savings and income can then support a higher purchase price or a lower monthly payment. Many buyers stack a statewide program with a local one to stretch further.
Can I combine these programs with seller credits or other creative financing?
Usually, yes. Seller credits toward closing costs, lender credits and rate buydowns can often be used alongside assistance programs, within your loan’s limits. The Wallet Wizard shows what fits together, and Homebuyer Wallet agents and loan officers can help you structure it.
Do I have to pay the assistance back?
11 of the 49 active programs (22%) are grants or forgivable loans: you repay nothing if you keep the home as your primary residence for the required period. 26 more are deferred or repayable second loans, due when you sell, refinance or move out, or paid monthly.
Do I need to be a first-time homebuyer?
Not always. 26 of the 49 Minnesota programs we track explicitly require first-time status, and most of those count anyone who has not owned a home in the past three years. The Wallet Wizard checks each program’s ownership rule for you.
Are there programs for teachers, first responders or other workers?
Yes. 2 programs we track in Minnesota are tied to a specific employer or profession, such as public employees, educators, first responders, healthcare workers or service members. Job-based programs often stack with income-based ones.
Can I combine more than one program?
Sometimes. Minnesota has 9 programs available statewide and 40 limited to a city, county or region. Many local programs are built to layer on top of a statewide loan; others prohibit stacking. Your lender confirms what combines with your first mortgage.
How do I find out which programs I qualify for?
Answer a few questions in the Wallet Wizard: where you want to buy, household size, income range and job. It checks income limits, price caps, location rules and funding status across every program we track in Minnesota, plus multi-state and national programs, and shows the ones that fit.
How current is this information?
Our team reviews every program against the provider’s own materials on a rolling basis. 15 programs we track are currently paused, out of funds or waitlisted and not counted on this page. Funding opens and closes often; the Wallet Wizard shows each program’s current status.
Explore another state
All Top ProgramsSource: the Homebuyer Wallet database of 2,000+ Community Home Investment Programs (CHIPs). Each program is reviewed by our team against the provider’s own website and documents. Award amounts are program maximums.