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First-Generation Homebuyer Programs

There are two programs coming to Minnesota in 2024 aimed at helping first-generation homebuyers. These programs are in addition to the many downpayment and financing programs already available to many home buyers.

The best way to find the program that will work best for you is to meet with a reputable lender with knowledge of all the program options to discuss your goals. Several financial institutes also offer their own programs to assist potential homebuyers in obtaining the downpayment funds and/or loan terms that make homeownership feasible.

For more information on these programs as well as all down payment programs available in the area, use our Down Payment Resource System.Ā  With a few quick pieces of information you can find out what programs you qualify for and how to take the next steps!