Minnesota Housing First-time Homebuyer Resource:
Homebuyers can take advantage of these resources through the Minnesota Housing Start Up loan program, which offers fixed interest rates and downpayment and closing cost loans up to $17,000 for eligible first-time homebuyers. Buyers can purchase homes in Sherburne County that cost up to $340,000 (11-county metro). Income limits vary by location and household size, going up to $118,900. (2021 Values)
Minnesota Housing is a state agency that provides access to safe and affordable housing and builds stronger communities across the state. Minnesota Housing offers purchase, refinance, and home improvement loans, as well as financing for affordable rental housing throughout the state.
“Community partnerships between Minnesota Housing, organizations like Sherburne County and local lenders help over 2,000 households a year purchase their first homes,” said Minnesota Housing Commissioner Jennifer Leimaile Ho. “These affordable loans make homeownership more accessible for more Minnesotans.”
First-time buyers can get started by contacting participating lenders in the Sherburne County area. Visit www.mnhousing.gov for a full list of approved lenders, current interest rates, and program eligibility.
Sherburne County recently completed a county-wide housing study. Available here.
The City of Becker contracted with the consultant for further information on the Becker area. An executive summary is available below.