Washington County first time home buyer programs
Anyone seeking first time homebuyer assistance is required to complete the HomeStretch Homebuyer Workshop. This is a 9 hour program that is taught either as an all day course on a Saturday or during three consecutive weekday evenings for three hour sessions. The fee is $30.00 due on the first day of the workshop. Please contact us below for further details.
After the completion of the HomeStretch class, potential first time home buyers may apply for the financial assistance programs described below. The Washington County Housing and Redevelopment Authority participates in the Minnesota Mortgage Program with Minnesota Housing. This is a low interest fixed rate mortgage program for first time homebuyers.
To qualify as a first time homebuyer and be eligible for MMP, you must:
- Be a first-time homebuyer (or have not owned a home in the past three years).
- Meet the requirements for income and home purchase price limits.
- Have acceptable credit.
Woodbury First-Time Homeownership Program
- Up to $25,000 at 3% interest which is paid monthly while the principal is deferred
- Maximum purchase price is $256,500
- Principal is deferred until sale, payoff of the mortgage or the home is no longer owner-occupied
- Income must be under $67,200
- Minimum borrower investment of 5%
- Must be first time buyer
Woodbury Foreclosure Purchase Program
All information is the same as above with the addition of:
- Home must be a foreclosure or short sale
- Don’t need to be a first-time buyer
- Income not to exceed $90,000
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!
* Indicates a Required Field.
