Deferred second loan
Homeownership Opportunity Minneapolis (HOM) Down Payment Assistance
Income limits · Single Family · 2-4 Unit · Townhouse
Down payment assistance · Hennepin County
Buying a home in Minneapolis, MN
7 Minneapolis programs, 2 county programs and 8 statewide.Minneapolis has 7 programs of its own, 2 more across Hennepin County, and 8 statewide. Here is what each one offers, what the local market looks like, and who near you can walk you through it.
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Only for Minneapolis addresses
Minneapolis’s own programs
Forgivable loan
Minneapolis DPA Program
Income limits · Single Family · Condo · Townhouse
Deferred second loan
Minneapolis Homes: Access Down Payment Assistance
First-time homebuyers · Income limits · Single-family detached · Duplex · Triplex
Deferred second loan
Near North/Willard-Hay Homebuyer Entry Cost Assistance
Income limits · Single-family detached · Duplex · Townhome
Forgivable loan
Minneapolis: Webber-Camden Down Payment Assistance Loan
Income limits · Single Family · 2-4 Unit · Condo
Shared-appreciation loan
City of Lakes Community Land Trust Homebuyer Initiated Program (HIP)
Income limits · Single Family · Duplex
Deferred second loan
Grow North Down Payment Assistance
New construction · Income limits · Single-family detached · Duplex · Townhome
Anywhere in HennepinAnywhere in Hennepin County
2 county programs2 county programs a Minneapolis homebuyer can also use
12 more programs are for homes in Minnetonka, Eden Prairie, Plymouth, Richfield, St. Louis Park, Brooklyn Center and Brooklyn Park. See them 12 programs in neighboring cities — for homes inside those cities, not Minneapolis
- Minnetonka — Minnetonka Pathways to Homeownership Program
- Minnetonka — Minnetonka Down Payment Assistance Deferred Loan
- Eden Prairie — First-Time Homebuyer Program
- Plymouth — Plymouth First-Time Homebuyer Program
- Richfield — Richfield First Time Homebuyer Loan
- St. Louis Park — St. Louis Park Down Payment Assistance Deferred Loan (First-Time Homebuyer)
- Brooklyn Center — Brooklyn Center First Time Homebuyer Down Payment Assistance Loan
- Brooklyn Park — Brooklyn Park Down Payment Assistance Loan
- St. Louis Park — Down Payment Assistance Deferred Loan
- Plymouth — First Time Homebuyer program
- St. Louis Park — First-generation homeownership program
- St. Louis Park — St. Louis Park First Generation Down Payment Assistance Loan
The Minneapolis marketThe Minneapolis housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in Minneapolis
- 40.2% single-familysingle-family
- 3.6% townhousetownhouse
- 11.7% 2–4 units2–4 units
- 44.2% 5+ unitscondo & apartment buildings (5+ units)
- 0.3% mobile & othermobile home & other
Condos count. 7 of Minneapolis’s 9 local and county programs accept condos. City of Lakes Community Land Trust Homebuyer Initiated Program (HIP) lists single family and duplex. Homes Within Reach Program lists hwr portfolio single-family detached homes and townhomes in west/sw hennepin county. clt structure - 99-year ground lease..
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Minneapolis’s homes were built
pre-19401970s2020+
72.2%
of Minneapolis homes were built before 1980. Pre-1978 homes come with a federal lead-paint disclosure.of homes were built before 1980. A home built before 1978 comes with a federal lead-paint disclosure, and some programs require an inspection.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25034.
$131,500
County area median income, 4 people (HUD)HUD area median income, Hennepin County, 4-person household (2026)
$80,846
Minneapolis median household incomeMedian household income in Minneapolis (Census, 2024)
19 of the 79 programs here set their income limit as a share of Hennepin County’s area median income, adjusted for household size. See the published limits for Hennepin County
Free help nearbyFree help near Minneapolis
20 HUD-approved counseling agencies within 15 miles20 HUD-approved housing counseling agencies within 15 miles
9 programs here ask for a homebuyer class first. Create a free account to see who’s near you and pick one.All 9 local programs here ask for a homebuyer class. A HUD-approved counselor teaches it and can walk you through your options. Create a free account to see who’s near you and pick one.
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Across Minnesota and nationwide
70 statewide & federal programs8 statewide programs, plus federal options
Minneapolis questions
Does Minneapolis have its own down payment program?
Yes, 7: Homeownership Opportunity Minneapolis (HOM) Down Payment Assistance, Minneapolis DPA Program, Minneapolis Homes: Access Down Payment Assistance, Near North/Willard-Hay Homebuyer Entry Cost Assistance, Minneapolis: Webber-Camden Down Payment Assistance Loan, City of Lakes Community Land Trust Homebuyer Initiated Program (HIP) and Grow North Down Payment Assistance. Each is for homes inside Minneapolis.
Can I use assistance on a condo in Minneapolis?
7 of Minneapolis’s 9 local and county programs accept condos. City of Lakes Community Land Trust Homebuyer Initiated Program (HIP) lists single family and duplex. Homes Within Reach Program lists hwr portfolio single-family detached homes and townhomes in west/sw hennepin county. clt structure - 99-year ground lease.. Each program’s page lists the kinds of homes it accepts, and the agency confirms it for the home you choose.
What is the income limit in Hennepin County?
Each program sets its own. 19 of the programs here set theirs as a share of HUD’s area median income for Hennepin County, adjusted for household size. HUD publishes the median each year; the 2026 figure is shown above and on the published limits page.
Where can I take a homebuyer class near Minneapolis?
HUD-approved housing counseling agencies teach homebuyer classes, and 20 agencies are within 15 miles of Minneapolis. Create a free account and take the 90-second match to see the ones near you.
ZIP codes
55401 · 55402 · 55403 · 55404 · 55405 · 55406 · 55407 · 55408 · 55409 · 55410 · 55411 · 55412 · 55413 · 55414 · 55415 · 55416 · 55417 · 55418 · 55419 · 55420 · 55421 · 55422 · 55423 · 55424 · 55425 · 55426 · 55427 · 55428 · 55429 · 55430 · 55431 · 55432 · 55433 · 55434 · 55435 · 55436 · 55437 · 55438 · 55439 · 55440 · 55441 · 55442 · 55443 · 55444 · 55445 · 55446 · 55447 · 55448 · 55449 · 55450 · 55454 · 55455 · 55458 · 55459 · 55460 · 55468 · 55470 · 55472 · 55473 · 55474 · 55478 · 55479 · 55480 · 55483 · 55484 · 55485 · 55486 · 55487 · 55488
Nearby in Hennepin
Sources
Sources: agency sites (June–August 2026), Census ACS 2024 5-year, HUD FY2026, HUD counseling list. Hey Prescott is not a lender.Programs: Hey Prescott catalog of 2,000+ programs, each verified with its agency (June–August 2026). Market: U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Income: HUD FY2026 income limits. Counselors: HUD list of approved housing counseling agencies. Hey Prescott is not a lender.