How it Works

Whether you're buying or renovating, Minnesota Housing has an affordable loan program to meet your needs. Follow these steps to get started:

1. Attend homebuyer education

If you're planning to purchase a home, homebuyer education or counseling is a great place to start. Your homeownership advisor will teach you about the process, answer your questions, and help you make smart decisions. Homebuyer education is required for some of our loan programs. Learn more about available online and in-person options.

Si desea informacion en Espanol, llame a Neighborhood Development Alliance (NeDA) al numero de telefono 651-292-0131, y pida una cita con un consejero de vivienda.

2. Contact a lender

Lenders are available statewide and offer purchase, refinance and home improvement financing loans.Contact a Minnesota Housing participating lender to apply and discuss the loan options listed below.;

3. Learn more about Minnesota Housing’s loan options

If you're purchasing or re-financing, all borrowers must qualify for an underlying mortgage product (FHA, VA, RD, Conventional), and the home must fall within Minnesota Housing's purchase price limits. Minnesota Housing loan programs are then layered on top to provide you with additional benefits. If eligible, you may also add a downpayment and closing cost loan when you receive a Minnesota Housing Start Up or Step Up loan.

I’m a first-time homebuyer (or have not owned a home in the past three years):

I’m a repeat homebuyer (currently own or owned in the past three years and want to buy a different home):

I want to refinance my home:

I want to repair, renovate or upgrade my home: