Minnesota First-Time Home Buyer Programs 2026
$17,000 DPA available through Minnesota Housing Finance Agency (MHFA). MHFA Start Up program offers up to $17K in DPA — and Monthly Payment Loan is 0% interest.
Max Assistance
$17,000 DPA
Type
0% deferred loan
Min Credit
640+
Max Home Price
$450,000
Ready to apply for Minnesota assistance?
Get pre-approved in minutes — your lender will connect you with MHFA programs automatically.
Minnesota First-Time Buyer Programs Comparison
| Program | Max Assistance | Type | Min Credit | Income Limit |
|---|---|---|---|---|
| MHFA Start Up Best statewide program | Up to $17,000 | 0% deferred loan | 640+ | $85.6K–$140.7K |
| MHFA Step Up Repeat buyers OK | Up to $17,000 | 0% deferred | 640+ | Same |
Eligibility Requirements
- ✓640+ credit score
- ✓Income within MHFA limits
- ✓Homebuyer education required
- ✓Primary residence in Minnesota
- ✓MHFA-approved lender
Pro Tip
Available statewide: Minneapolis, Saint Paul, Rochester, Duluth, Brooklyn Park.
How to Apply for Minnesota Programs
Get Pre-Approved
Work with a MHFA-approved lender. They handle the state program paperwork for you.
Complete Education
Take the required homebuyer education course (online, ~6 hours, ~$75). Required by most state programs.
Close & Get Funds
The 0% deferred loan is applied at closing — you don't pay extra at the table.
Official Agency
Minnesota Housing Finance Agency
MHFA — Minnesota official housing finance authority
Frequently Asked Questions
What is the best first-time home buyer program in Minnesota?
The best program in Minnesota is the MHFA Start Up, which offers Up to $17,000 as a 0% deferred loan. Minimum credit score: 640. Income limit: $85.6K–$140.7K.
How much down payment assistance is available in Minnesota?
Minnesota offers up to $17,000 DPA through Minnesota Housing Finance Agency (MHFA). The assistance is structured as a 0% deferred loan. Income limits are $85,600–$140,700 depending on household size and county.
What credit score do I need for Minnesota first-time buyer programs?
Most Minnesota programs through MHFA require a minimum credit score of 640. Some programs may accept lower scores with compensating factors. Check with an MHFA-approved lender for your exact score requirements.
What is the income limit for Minnesota first-time buyer programs in 2026?
In 2026, Minnesota income limits are $85,600–$140,700 depending on household size and county. The home price limit is $450,000. These limits are set by Minnesota Housing Finance Agency.
Don't Leave $17,000 DPA on the Table
Pre-approval is free. Your lender will apply for MHFA programs automatically — no extra work for you.
Start My Free Pre-Approval →