Community Keys Plus Down Payment Assistance

Community Keys Plus Down Payment Assistance is a deferred second loan for homebuyers in Hennepin|Ramsey|Washington|Dakota|Anoka County, Minnesota. Community Keys Plus Down Payment Assistance is NWHP's flagship multi-county DPA loan offering up to $20,000 as a 0% interest deferred second mortgage to income-qualified buyers across Hennepin, Ramsey, Washington, Dakota, and Anoka counties. Funded through Minnesota Housing's Impact Fund and NWHP's CDFI revolving loan funds. Designed to be paired with the NWHP Community Keys Plus first-mortgage product. Loan is fully deferred and repayable at sale, transfer, refinance, or loss of owner-occupancy. Up to $20,000 as a 0% interest deferred second-mortgage loan with no monthly payment for buyers in Hennepin, Ramsey, Washington, Dakota, and Anoka counties. Loan is repayable at sale, transfer, refinance with cash-out, or loss of owner-occupancy. Designed to be paired with NWHP's Community Keys Plus first-mortgage product. Funding comes from MHFA Impact Fund and CDFI.

Community Keys Plus Down Payment Assistance is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. Repayment is triggered by Due in full at sale, transfer of title, refinance with cash-out, or loss of owner-occupancy. The assistance is recorded in 2 position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Community Keys Plus Down Payment Assistance is open to homebuyers who will live in the home as their primary residence. On credit, the program states: Per NWHP first-mortgage underwriting; typically 640+. A homebuyer education course is required, through 8 hours homebuyer education from Minnesota Homeownership Center / Framework / NWHP-approved provider required. Residency requirement: Property must be located in Hennepin, Ramsey, Washington, Dakota, or Anoka County (Twin Cities metro), MN. Citizenship or immigration status: U.S. citizen or qualified non-citizen per first-mortgage and MHFA rules. First-time buyer in most cases (some cohorts allow non-first-time per investor source). Property must be in Hennepin, Ramsey, Washington, Dakota, or Anoka County. Income at or below 80% AMI: 1-person ~$68,500 to 8-person ~$129,100. Maximum acquisition price varies $333,000-$700,000 depending on county and property type. 8 hours homebuyer education required. Used as DPA companion to NWHP first mortgage.

Community Keys Plus Down Payment Assistance limits household income to 80% of the area median income, which varies by county and household size. Household income at or below 80% HUD AMI for Minneapolis-St. Paul-Bloomington MN-WI HMFA: 1-person $68,500 to 8-person $129,100 (FY2025 limits). The limit applies to total household income, not only the borrower’s. The program lists a maximum household size of 8. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Community Keys Plus Down Payment Assistance caps the purchase price at $700,000. Eligible property types include Single-family detached, Townhome, Condominium, and 2-unit owner-occupied. New construction is eligible. Manufactured homes are not eligible.

Community Keys Plus Down Payment Assistance serves homebuyers purchasing in Hennepin|Ramsey|Washington|Dakota|Anoka County, Minnesota.

Applications for Community Keys Plus Down Payment Assistance go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through Reservations through NWHP via approved lender pipeline; subject to fund availability. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.