- Cerue Tapp
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- May 16, 2025
Making Homeownership More Affordable in Hennepin County
If you’re planning to buy a home in Hennepin County, but saving for a down payment feels overwhelming, you’re not alone. Fortunately, several Down Payment Assistance (DPA) programs can help reduce the upfront costs — making your dream of homeownership more achievable.
As a mortgage loan officer serving buyers throughout Hennepin County, I specialize in helping clients access these valuable programs and navigate the home buying process with confidence.
Who Qualifies for DPA Programs?
- First-time homebuyer status (or no ownership in the past three years)
- The home must be located in Hennepin County and be owner-occupied
- Household income must fall within program income limits
- Completion of a HUD-approved homebuyer education course
- Minimum buyer contribution (typically $1,000 or more)
- Property must fall within purchase price limits set by the program
Six Down Payment Assistance Programs Available in Hennepin County
1. Hennepin County Homeownership Assistance Program
- Offers up to $15,000
- Zero-interest deferred loan
- Available in suburban Hennepin County
- Repayment due upon sale, refinance, or move-out
2. Homeownership Opportunity Minneapolis (HOM)
- Provides up to $10,000
- Forgivable loan after 10 years of ownership
- Focuses on targeted areas within Minneapolis
- Designed to support homeownership in underrepresented neighborhoods
3. Minneapolis Home Purchase Assistance Program
- Offers up to $40,000
- Zero-interest deferred loan, forgivable after 30 years
- Additional funds for buyers under 50% of area median income (AMI)
- Open to buyers throughout the city of Minneapolis
4. Bloomington Homebuyer Assistance Program
- Offers up to $10,500 in assistance
- Zero-interest deferred loan
- Must purchase a home in Bloomington
- Subject to income and home price restrictions
5. Brooklyn Park First-Time Homebuyer Program
- Up to $10,000 available
- Forgivable over a five-year period
- Available for first-time buyers in Brooklyn Park
- Requires completion of a homebuyer education course
6. Minnesota Housing Start Up Program
- Statewide program available in Hennepin County
- Provides up to $18,000 in down payment and closing cost assistance
- Pairs with affordable mortgage options
- Must work with an approved lender
What Are the Next Steps?
- Get Pre-Approved: We’ll review your financial profile and determine your eligibility for available DPA programs.
- Complete a Homebuyer Education Course: Required by most programs and available through HUD-approved providers.
- Apply for the Right DPA Program: I’ll guide you through selecting and applying for the best assistance program based on your location and qualifications.
- Shop for a Home: Work with a real estate agent to find a property that fits within DPA guidelines and your budget.
- Finalize the Purchase: I’ll coordinate the mortgage and DPA process from application through closing.
Ready to Take the First Step?
Down payment assistance can make the difference between waiting and owning. If you’re considering buying a home in Hennepin County, now is the time to explore your options.
Schedule a Consultation
Phone: 470-404-5200
Email: [email protected]
Note: Program terms, availability, and funding limits are subject to change. Please consult a licensed mortgage professional or local housing agency for the most current information.