Northfield First-Time Homebuyer Program

Northfield First-Time Homebuyer Program is a deferred second loan for homebuyers in Northfield, Minnesota, administered by Northfield Housing & Redevelopment Authority (HRA). The Northfield HRA provides first-time homebuyers up to $25,000 in a 0% interest deferred loan toward down payment or closing costs, repayable when the home is sold or the first mortgage is refinanced. Buyers must be income-eligible (<=80% of Dakota County AMI) and purchase a single-family home, townhome, or condo within Northfield city limits. Up to $25,000. 0% interest. Deferred until sale or refinance. For down payment or closing costs.

Northfield First-Time Homebuyer Program offers up to $25,000 in assistance. The program can be combined with other assistance, subject to the rules of each. Amounts are the program's published maximums, not an offer — Northfield Housing & Redevelopment Authority (HRA) determines any individual award.

Northfield First-Time Homebuyer Program is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. Repayment is triggered by 0% deferred loan payable when the homeowner sells or refinances the first mortgage. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Northfield First-Time Homebuyer Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. Residency requirement: Home must be within Northfield city limits. First-time homebuyer; <=80% Dakota County AMI; purchase within Northfield. Contact: Melissa Hanson, Housing Coordinator. Application is a CivicPlus DocumentCenter PDF (direct file URL not statically resolvable).

Northfield First-Time Homebuyer Program limits household income to 80% of the area median income, which varies by county and household size. Household income <= 80% of Dakota County AMI. As of 6/1/2026, Dakota County AMI $131,500; 80% limits: 1=$73,650;2=$84,200;3=$94,700;4=$105,200;5=$113,650;6=$122,050;7=$130,450;8=$138,900. The limit applies to total household income, not only the borrower&rsquo;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.

Northfield First-Time Homebuyer Program can be used for Single Family, Townhouse, and Condo.

Northfield First-Time Homebuyer Program serves homebuyers purchasing in Northfield, Minnesota.

Applications for Northfield First-Time Homebuyer Program go through Northfield Housing & Redevelopment Authority (HRA), which publishes the current terms and the application steps on its own site. Funds are reserved through Award amount depends on need and available funds. 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.