Ramsey County first time home buyer programs

FirstHOME Buyer Assistance Program

Ramsey County Housing and Community Development offers the FirstHOME Buyer Assistance Program, which is designed to help first-time home buyers purchase a primary residence affordably by providing deferred loans that can be used for downpayment assistance, closing costs, and eligible improvements. Qualified buyers may meet criteria for up to $20,000 at 0% interest to help bring monthly housing costs down to 30% of income. Funding is available through area lenders. Buyers are expected to invest $2,000 in personal funds in the transaction. The principal-only subordinate mortgage must be repaid when the property is sold. This money is only available in the outlying suburbs of Ramsey, NOT the city of St. Paul.

Currently, the income eligibility limit for a single individual is $43,050, $49,200 for two people, $55,350 for three, and $61,500 for four. At least one household member must be employed in Ramsey County, including the City of Saint Paul. Buyers should be able to show they have three years of uninterrupted full-time work history. The maximum purchase price of a home is set at $200,000 for multi-family attached condominiums and townhouses and for single family detached homes.

Potential first time home buyers must successfully complete the Homestretch Class. For a list of classes in the metro area, please contact us below.

Opening Doors

This program is for targeted neighborhoods in Maplewood and Little Canada, must be foreclosed, up to 10K and additional 25K to do rehab to meet section 8 standards, max income 97080 (4 people)

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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