“How much down payment do I need?”

That’s one of the first questions that comes to mind for many people thinking about buying a house.

The amount of down payment you need to buy a home in Minnesota will vary depending on the home loan or mortgage product you choose. For some mortgage products it’s as little as 5% of the purchase price (or total cost of your home.) For others, it may be up to 20%. Whatever the amount, sometimes it feels like too much to come up with on your own.

Our down payment assistance programs mean you don’t have to do it by yourself. You may qualify for thousands of dollars to start or add to your down payment. With this boost, you can make owning your own home a reality. You don’t have to be a first-time buyer to qualify for most programs.

Options for down payment assistance include:
Community Keys (Frogtown, Rondo, and North End in Saint Paul)
Project Reinvest: Homeownership (Minneapolis and Saint Paul)
City of Shoreview Down Payment and Purchase/Rehab Programs
City of Woodbury First Time Homeownership Program
Near North and Willard Hay (NRRC) Home Buyer Assistance (Minneapolis)
Homeownership Opportunity Minneapolis (HOM) Down Payment Assistance

Our homeownership advisors can help you identify other down payment resources that may be available to you, such as MHFA Start Up and MHFA Step Up. You can also search for programs on the Minnesota Homeownership Center website.

(And if all of this sounds confusing, that’s ok – we are here to help! Sign up for a pre-purchase appointment and one of our homeownership advisors will explain all of the terminology and go through the mortgage qualification and homebuying processes step-by-step so that you can feel confident in all of your homebuying decisions. If you want to own a home, meeting with a housing counselor is a great place to start!)

Get Started

“The LIFT down payment funds meant we could find something that was safe. We move in soon!”

Get homeowner tips & NeighborWorks news. Subscribe

NeighborWorks Home Partners

NeighborWorks Home Partners’ mission is to revitalize neighborhoods by creating and supporting successful homeownership. Learn more.

651-292-8710 | Staff Directory
Main Office:
533 Dale Street N.
Saint Paul, MN 55103

Minneapolis Office:
1930 Glenwood Avenue
Minneapolis, MN 55405
hello@nwhomepartners.org

MENU