Deferred second loan
Northfield First-Time Homebuyer Program
First-time homebuyers · Income limits · Single Family · Townhouse · Condo
Down payment assistance · Rice County
Buying a home in Northfield, MN
1 Northfield program and 8 statewide.Northfield 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.
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Only for Northfield addresses
Northfield’s own program
The Northfield marketThe Northfield housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in Northfield
- 52.1% single-familysingle-family
- 11.9% townhousetownhouse
- 6.5% 2–4 units2–4 units
- 24.9% 5+ unitscondo & apartment buildings (5+ units)
- 4.6% mobile & othermobile home & other
Condos count. Northfield’s one local program accepts condos.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Northfield’s homes were built
pre-19401970s2020+
43.4%
of Northfield 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.
$108,400
County area median income, 4 people (HUD)HUD area median income, Rice County, 4-person household (2026)
$84,895
Northfield median household incomeMedian household income in Northfield (Census, 2024)
14 of the 71 programs here set their income limit as a share of Rice County’s area median income, adjusted for household size. See the published limits for Rice County
Free help nearbyFree help near Northfield
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.
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Across Minnesota and nationwide
70 statewide & federal programs8 statewide programs, plus federal options
Northfield questions
Does Northfield have its own down payment program?
Yes, one: Northfield First-Time Homebuyer Program, a deferred second loan for first-time homebuyers (income limits). It is for homes inside Northfield.
Can I use assistance on a condo in Northfield?
Northfield’s one local program accepts condos. 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 Rice County?
Each program sets its own. 14 of the programs here set theirs as a share of HUD’s area median income for Rice 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 Northfield?
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
55057
Nearby in Rice
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.