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:
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 aMHFA-approved lender.
For More Information
Download an information packet or call 763-323-5764 to have a packet mailed to you; the packet does not include an application, but it does contain a list of MHFA-approved lenders (contact one of these lenders to start the loan process)
HUD-certified counseling agencies, other than ACCAP, visit HUD's website of approved counselors