Hennepin County first time home buyer programs

Hennepin County’s first-time homebuyer program operates on a first-come, first-serve basis. For additional information on the first-time homebuyers programs, downpayment and closing costs assistance and homebuyer training, contact us below.   For statewide programs visit our Minnesota Program page which explains down payment programs available to those buyers searching in Hennepin County and beyond.  Our City Program page has details for Edina, Eden Prairie, Minnetonka, Plymouth and St. Louis Park first time home buyers.

Hennepin County Neighborhood Stabilization Program

NSP3

Hennepin County has been awarded $1,469,133 of a federal HUD Community Development Grant.  Neighborhood Stabilization Program 3 funds will be used in the cities of Brooklyn Center and Brooklyn Park.

NSP2 (Unavailable)

  • Purchase price limits of $200,000 or $276,683 depending on income
  • Must work with an approved Hennepin County NSP lender
  • Property must be vacant and foreclosed
  • Homestretch class with NSP approval is required, though program is NOT specific to first time buyer
  • Income limits vary depending on assistance amount – 1 person household $45,100 or $70,550
  • 203K eligible
  • Need 50% of "required" down payment

Money is limited and is first-come, first-served.  Please let us know if you’d like to learn more about your eligibility for this program!

*Assistance only available in target areas/neighborhoods of Brooklyn Center, Brooklyn Park, Champlin, Maple Grove, Mound and Rogers.

FPP (Foreclosure Partnership Program) (Unavailable)

  • Purchase price limits of $200,000
  • Must work with an approved Hennepin County NSP  lender
  • Home cannot be currently rented or foreclosed upon
  • Homestretch class with NSP approval is required, though program is NOT specific to first time buyer
  • Income limits for 1 person household -- $45,100

*Assistance only available in target areas/neighborhoods of Brooklyn Center, Brooklyn Park, Champlin, Crystal, New Hope, Maple Grove, Robbinsdale, Rogers and Richfield

Buying your first home can be overwhelming. Let us help!  We are committed to finding you any grant monies or assistance programs available to you.  Our buyer agent services are FREE!  Please contact us for more information.  We have assisted hundreds of first time home buyers and look forward to the opportunity to assist you!

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