First Time Home Buyer

First Time Home Buyer Program

Anoka County partners with the state’s Minnesota Housing Finance Agency (MHFA) to offer mortgage programs for various types of home buyers including first time homebuyers and non-first time homebuyers. These programs provide fixed, low-interest loans to those who qualify.  Additional funds may be available to eligible borrowers for closing costs and/or down payment assistance. Mobile homes do not qualify for funding unless they are permanently attached to a lot and taxed as real property. 

Start Up - 

MHFA's first time homebuyer program  
Applicant requirements include but are not limited to:
  • Cannot have owned a home within the last 3 years
  • Must use a MHFA-approved lender (view vendor list) and have acceptable credit as determined by lender
For the 11-County Metro Area the home purchase price cannot exceed $307,300.

The household combined income limits cannot exceed:

Step Up - 

MHFA's non-first time homebuyer program
Step Up has many of the same requirements noted above for Start Up except that loans are available to current homeowners who wish to refinance or to homebuyers who have owned a home within the last 3 years. Download a Step Up Brochure.

Whether you use the Start Up Program or the Step Up Program, if you qualify for MHFA down payment assistance, at least one member of your household must attend a home buyer course and receive a certificate of completion. In Anoka County, ACCAP is a HUD-certified counseling agency that offers the "Home Stretch" class, which will satisfy MHFA's education requirement. For class information or to register, contact ACCAP at 763-783-4747, or visit their website.

To start the process and determine if you qualify for a loan, contact a MHFA-approved lender.

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