Deferred second loan
City of New Ulm Homebuyer Assistance Loan Program
First-time homebuyers
Down payment assistance · Brown County
Buying a home in New Ulm, MN
1 New Ulm program and 8 statewide.New Ulm has 1 program of its own, and 8 statewide. Here is what each one offers, what the local market looks like, and who near you can walk you through it.
Find my programs Free · No credit pull · 90 seconds
Only for New Ulm addresses
New Ulm’s own program
The New Ulm marketThe New Ulm housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in New Ulm
- 74.3% single-familysingle-family
- 2.5% townhousetownhouse
- 4.9% 2–4 units2–4 units
- 13.5% 5+ unitscondo & apartment buildings (5+ units)
- 4.8% mobile & othermobile home & other
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When New Ulm’s homes were built
pre-19401970s2020+
70.6%
of New Ulm 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.
$95,500
County area median income, 4 people (HUD)HUD area median income, Brown County, 4-person household (2026)
$64,449
New Ulm median household incomeMedian household income in New Ulm (Census, 2024)
13 of the 71 programs here set their income limit as a share of Brown County’s area median income, adjusted for household size. See the published limits for Brown County
Free help nearbyFree help near New Ulm
Free help from a HUD-approved housing counselorFree help from a HUD-approved housing counselor
Create a free account to see who’s near you and pick one.A HUD-approved counselor teaches homebuyer classes and can walk you through your options. Create a free account to see who’s near you and pick one.
Find my counselor
Free account → 90-second match → your counselors · Sign in
Across Minnesota and nationwide
70 statewide & federal programs8 statewide programs, plus federal options
New Ulm questions
Does New Ulm have its own down payment program?
Yes, one: City of New Ulm Homebuyer Assistance Loan Program, a deferred second loan for first-time homebuyers. It is for homes inside New Ulm.
Can I use assistance on a condo in New Ulm?
Each program sets which kinds of homes it accepts. Where the agency publishes them, the program’s page lists them; the agency confirms it for the home you choose.
What is the income limit in Brown County?
Each program sets its own. 13 of the programs here set theirs as a share of HUD’s area median income for Brown 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 New Ulm?
HUD-approved housing counseling agencies teach homebuyer classes. Create a free account and take the 90-second match to see the ones near you.
ZIP codes
56073
Nearby in Brown
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.