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Minneapolis DPA Program

Minneapolis DPA Program is a forgivable loan for homebuyers in Minneapolis, Minnesota.

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The program asks for

  • The home is occupied as a primary residence
  • A minimum 620 credit score
  • A completed homebuyer education course
  • Residency: No Requirement
  • Citizenship or immigration status: U.S. Citizen or Permanent Resident
  • A home inside Minneapolis city limits

It doesn’t cover

  • Purchases above the $400,000 price cap
  • Households above 80% of area median income
  • Homes outside Minneapolis

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

Income limit

80% of Hennepin County’s area median income

HUD sets the area median income each year. The limit changes with household size, so a family of five has a higher limit than a single homebuyer.

$131,500
Area median income, 4-person household (HUD, 2026)
Income limits in Minnesota

Where it applies

Minneapolis’s homes

  • 40.2% single-family
  • 3.6% townhouse
  • 11.7% 2–4 units
  • 44.2% 5+ units
  • 0.3% mobile & other

A tick marks a kind of home the program’s record lists. The agency confirms it for the home you choose.

$362,200

Minneapolis median home value

72.2%

built before 1980

U.S. Census Bureau, ACS 2024 5-year. More about buying in Minneapolis

How to apply

  1. Take a homebuyer education course

    Required by the program before funds are reserved.

  2. Contact the administering agency to reserve funds

    Funds are reserved through First-Come-First-Served, and are subject to availability.

  3. Work with a lender who handles the program

    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.

Free course · 10 minMinneapolis DPA Program, explained

Questions about this program

What is Minneapolis DPA Program?

Minneapolis DPA Program is a forgivable loan for homebuyers in Minneapolis, Minnesota. City of Minneapolis forgivable loan program providing up to $20,000 in down payment assistance to eligible homebuyers purchasing within Minneapolis city limits. Loan is forgiven over 10 years with no monthly payments required. Up to $20,000 in forgivable down payment assistance for homebuyers purchasing within Minneapolis city limits. loan forgiven over 10 years with no monthly payments. 0% interest. must be used with FHA or Conventional first mortgage. Funding comes from Local Government.

How much assistance does it provide?

Minneapolis DPA Program offers up to $20,000 in assistance. Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

Minneapolis DPA Program is forgiven after 10 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Sale, Refinance, and No Longer Primary. The assistance is recorded in 2nd Lien position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Minneapolis DPA Program is open to homebuyers who will live in the home as their primary residence. The program lists a minimum credit score of 620. A homebuyer education course is required. Residency requirement: No Requirement. Citizenship or immigration status: U.S. Citizen or Permanent Resident.

What are the income limits?

Minneapolis DPA Program limits household income to 80% of the area median income, which varies by county and household size. The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Minneapolis DPA Program caps the purchase price at $400,000. Eligible property types include Single Family, Condo, and Townhouse.

Where does it apply?

Minneapolis DPA Program serves homebuyers purchasing in Minneapolis, Minnesota.

How do you apply?

Applications for Minneapolis DPA Program go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through First-Come-First-Served. 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.

Also for Minneapolis homebuyers

Whether two programs can be combined is up to each agency. Ask before you apply.

All 79 programs for Minneapolis

Program terms are set by the administering agency and can change; confirm on the official site before you apply.