First-Generation Homebuyer Loan Program

The First-Generation Homebuyer Loan Program is a loan for first-generation homebuyers. The loan can be used for a variety of expenses, including downpayment and closing costs.

Someone may be a first-generation homebuyer if they or their parents or legal guardians have:

• Never owned a home
  OR
• Owned a home but lost it due to foreclosure

We’re encouraging potential homebuyers to start preparing for the program now. 

How can I help?

The First-Generation Homebuyer Loan Program will bring homeownership within reach of more Minnesotans.

As a property owner or manager, you likely know people who are thinking about buying their own home. If it makes sense for your property, we’re asking that you post a flyer about the First- Generation Homebuyer Program. 

Your help reaching potential homebuyers will be invaluable as we prepare to launch the program! 

Questions?

If you have questions, contact us at mnhousing.solution@state.mn.us or 651.296.8215.

About Minnesota Housing

Minnesota Housing, the state’s housing finance agency, works to provide access to safe, stable and accessible housing Minnesotans can afford in a community of their choice. In 2023, the Agency distributed $1.85 billion in resources and served 69,500 households.  Visit our website to learn more.