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First Generation Down Payment Assistance

Up to $32,000 toward a down payment in MN.

See if I qualify
Location
MN
Type
Forgivable assistance
Max assistance
$32,000
Income limit
$124,200
First-time buyer
Required
Property types
Single family, Townhouse, Condo

The First Generation Down Payment Assistance program (administered by NeighborWorks Home Partners as part of Minnesota's $100 million statewide First Generation DPA Fund) provides up to 10% of purchase price (max $32,000) as a 0% interest forgivable loan to first-generation, first-time buyers throughout Minnesota. Forgiven 20% per year over 5 years of continuous owner-occupancy. Funded by Minnesota Housing Finance Agency's First-Generation Homebuyers Community Down Payment Assistance Fund.

Learn this program

Short reads on how it works, in plain language. Free, no sign-up needed to read.

Free course from Hey Prescott

First Generation Down Payment Assistance, explained

A short, free course on First Generation Down Payment Assistance: what it is, who it is for, how it is forgiven, where it applies and how to apply. Based on program data from July 2026. About ten minutes.

5 modules · About 10 minutes

Read the course

Program details are sourced from public agency data and may change. Confirm eligibility with a Hey Prescott loan officer before applying.