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.
Read the complete guidelines here.
NeighborWorks Home Partners is an administrator of this program in partnership with the City of Minneapolis.
