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Serving The Brainerd Lakes Area
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218.825.7787
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Serving The Brainerd Lakes Area
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Serving The Brainerd Lakes Area
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Do you qualify for down payment assistance?

Start Up for First-Time Homebuyers

Ready to purchase your first home?

The Minnesota Housing Start Up loan program can make homeownership fit your budget. 

You may be eligible if you:

  • Are a first-time homebuyer (you have not owned a home in the past three years)
  • Meet purchase price limits:
    • 11-County Metro: $340,000
    • Balance of State: $294,600
  • Meet minimum credit score requirements
Contact an approved lender partner to get started

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Your monthly payment is:

$0.00

See how easy it is

Learn all about our outright & simple process. And, of course, we have our suggested ways that we have found our customers have the most success with.

Let's talk

We need to know your dreams and preferences first
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See houses

Then together we're touring the houses we've found
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Move in!

Get your keys and start moving in!
Read more
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How It Works

Whether you're buying or renovating, Minnesota Housing has an affordable loan program to meet your needs. Follow these steps to get started:

1. Attend homebuyer education

If you're planning to purchase a home, homebuyer education or counseling is a great place to start. Your homeownership advisor will teach you about the process, answer your questions, and help you make smart decisions. Homebuyer education is required for some of our loan programs.

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Contact a lender

Lenders are available statewide and offer purchase, refinance and home improvement financing loans.Contact a Minnesota Housing participating lender to apply and discuss the loan options listed below.;
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Learn more about Minnesota Housing’s loan options

If you're purchasing or re-financing, 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.
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Meet our team

Bright minds, sharp tongues, and ruthless negotiation skills are the things we all have in common. We’re a team of unique individuals with one common purpose - help you make deliberate decisions.