Home Ownership

For many people, owning a home means stability and independence. Homeownership helps families build generational wealth and it strengthens a community. In 2021, the City’s Economic Development Authority approved a first-generation downpayment assistance program.

First-Generation Downpayment Assistance Program


This program is designed to help first-generation home buyers make a downpayment, with loan funds to be repaid upon future sale of the home. To qualify, applicants must demonstrate their parents have never owned a home. Applicants can still qualify if their parents previously owned a home but it was lost to foreclosure.

  • Up to $25,000 deferred 0% interest loan
  • Income limits
  • Purchase price limits
  • Home buyer education requirements
Contact the Lending Center at 612-335-5884 or the Roseville EDA at 651-792-7015!


FirstHOME Buyer Assistance Program 

This is a Ramsey County program that helps first-time home buyers purchase homes more affordably by providing deferred loans that can be use for downpayment assistance, closing costs, and occasionally health/safety/code improvements:

  • Up to $15,000 deferred 0% interest loan
  • Income limits
  • Purchase price limits
  • Home buyer education requirements
  • For more information, please visit the Ramsey County Home Buyer Assistance web page.

Minnesota Housing Homeownership Programs


If you're purchasing your first home or refinancing, all borrowers must qualify for an underlying mortgage product (FHA, VA, RD, Conventional), and the home must fall within Minnesota Housing's purchase price limits. Minnesota Housing loan programs are then layered on top to provide you with additional benefits. If eligible, you may also add a downpayment and closing cost loan when you receive a Minnesota Housing Start Up or Step Up loan.

First-Time Home Buyer (or haven't owned a home in last 3 years)


Start Up
Downpayment and Closing Cost Loans

Repeat Home Buyer (currently own/owned in last 3 years, want to buy different home)


Step Up Purchase Loan
Downpayment and Closing Cost Loans

Refinancing Current Home


Step Up Refinance Loan

Twin Cities Habitat for Humanity Homeownership Program


Twin Cities Habitat for Humanity provides financial coaches, homeownership advisors, and mortgage financing. Whether you’re looking to buy a home on the open real estate market or one of the homes Habitat builds and sells, Twin Cities Habitat for Humanity can help you buy a home affordably. Learn more

The program offers: 
  • Access to an affordable, fixed-interest mortgage, with no downpayment and no mortgage insurance
  • Access to affordability and closing cost assistance
  • One-on-one financial coaching with a customized action plan to manage your budget, pay off debt, understand credit, and save for your home purchase
  • Home buyer education classes prepare you for the responsibilities of homeownership
  • Post-purchase support provides maintenance advice, resources, and opportunities to connect with your community