Homeownership Opportunity Minneapolis
** COMING SOON **
Buyers looking for a home in Minneapolis may receive up to $10,000 in the form of a 0% interest, due-on-sale loan. These loans have no monthly payments and are paid back after 30 years or when the house is sold.
- Applicants must complete a financial wellness counseling program AND be referred for the program by a participating agency.
- Buyers must have an income below 115% of Area Median Income (AMI). Buyers whose income is between 80%-115% AMI are eligible for $5,000. Buyers whose income is below 80% AMI are eligble for $10,000.
- Owner-occupied single family and duplex homes are eligible. This includes townhomes and condos.
NeighborWorks Home Partners is an administrator of this program in partnership with the City of Minneapolis.