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.

Hennepin County Neighborhood Stabilization Program

Buying in Hennepin County*? You Could get up to $30,000!

Hennepin County has two prgrams (NSP2 and FPP) where you could qualify for up to $30,000 in assistance. Because this is a government directed program, there are quite a few guidelines that must be met. A few are listed below, but many are a little confusing, so it’s better to assess your personal situation for eligibility.

NSP2

• 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!