The down payment assistance programs that are listed here are a sample of what is available for homebuyers in Minnesota. This can be your starting point as you search for the right program for your family.

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Project Reinvest

Financial Assistance for Homebuyers in Minnesota

The NeighborWorks Home Partners helps individuals in the Minneapolis or Saint Paul area achieve their dreams of homeownership with Project Reinvest: Homeownership Down Payment Assistance. By providing down payment assistance funds to eligible applicants, Project Reinvest helps to offset the heavy upfront costs associated with the mortgage process.

Available Assistance
With Project Reinvest, eligible applicants can receive up to $10,500 in assistance funds that can be used to cover the down payment on a home in Minneapolis or Saint Paul. This assistance comes in the form of a zero-interest loan that does not have any monthly payments. The loan must be repaid only if the borrower sells the home. 

Eligibility Requirements
In order to be considered eligible for Project Reinvest, all applicants must meet certain requirements. All homebuyers must have an annual household income that is at or under 100 percent of the area median income (limits shown below). Any home being purchased must be located within city limits of Minneapolis or Saint Paul, and must be financed with a primary mortgage through a Project Reinvest-certified loan officer. Applicants are required to take 8 hours of homebuyer education from an approved provider. Those buying a duplex, triplex, or four-plex must also take Landlord Education. 

Income Limits
All Project Reinvest applicants must have an annual household income at or below 100 percent of the AMI.
1 person household: $63,300
2 person household: $72,400
3 person household: $81,400
4 person household: $90,400
5 person household: $97,700
6 person household: $104,900
7 person household: $112,100
8 person household: $119,400

*Seller-funded down payment programs were eliminated in the Housing and Economic Recovery Act of 2008, but States and Local government agencies are still permitted to help borrowers finance their homes with second mortgages and grants. These agencies set different requirements that a borrower needs to meet in order to qualify for the grant programs, such as property location, and purchase price and income limits.

(Note: All figures were accurate at the time of publication and may no longer be current - visit the program website for updated information.)


Down payment assistance programs and/or grants were researched by the team at FHA.com. Please note that all programs listed on this website may involve a second mortgage with payments that are forgiven, deferred, or subsidized in some manner until resale of the mortgaged property.

FHA.com's compilation is not a complete list, but it can serve as a starting point in your search for the down payment assistance program or grant for your situation. It is up to the consumer to contact these entities and find out the specifics of each program.

Down Payment Grants in Minnesota

Minnesota Housing understands that high upfront costs of purchasing a home can be a tough hurdle for some families to overcome, which is why they offer down payment and closing cost assistance to those financing their home with a Minnesota Housing first mortgage.

The NeighborhoodLIFT program helps individuals in the Minneapolis or Saint Paul area achieve their dreams of homeownership.

By providing down payment assistance funds to eligible applicants, Project Reinvest helps to offset the heavy upfront costs associated with the mortgage process.

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