Minnesota Housing Homeowner Assistance Fund
Minnesota Housing provides the opportunity for eligible homebuyers who qualify for a Minnesota Housing loan to receive an interest-free, deferred loan to help with downpayment and closing costs through the Homeownership Assistance Fund (HAF) and the HOME Homeowner Entry Loan Program (HOME HELP).
The Homeownership Assistance Fund (HAF) program provides up to $5,000 to help borrowers with down payment or closing costs.
First time homebuyers interested in downpayment and closing costs assistance should contact a Minnesota Housing participating lender prior to signing a purchase agreement. Participating lenders can determine the level of eligibility.
You may be eligible for the Homeownership Assistance Fund, if you meet one of the following criteria:
- Borrowers eligible for the CASA program
- Qualify as an eligible target market
- Household earning 60% (or less) of area median income
Contact an approved lending partner in the Twin Cities Metro Area or Greater Minnesota for more information.