Down payment assistance

We provide low-income homebuyers with no-interest loans to buy their first home.

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Down payment assistance rules

You can see loan amounts and income limits.

Realtor and lender resources

You can find and download documents and guides.
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Down payment assistance loan

The City's down payment assistance loan is:

  • A 30-year deferred mortgage
  • Up to $20,000
  • No interest

The amount of assistance we can award is based on:

  • Your household income
  • Funds the City has available at the time of your request

How to apply

You can apply for down payment assistance through one of our partners.

City of Lakes Community Land Trust

The CLCLT is a nonprofit, community-based organization that works to provide perpetually affordable homeownership opportunities. The City helps fund its work.
Apply for funds to buy or improve a home

Contact us

Ryan Nestingen

Community Planning & Economic Development (CPED)

Email Ryan Nestingen

Address

Public Service Building
505 Fourth Ave. S., Room 320
Minneapolis, MN 55415