First Time Home Buyer

Anoka County partners with Minnesota Housing, the state's housing finance agency, to offer affordable loan programs including one for first-time homebuyers and one for current homeowners.
Download a "Homeownership is Possible" brochure.

* Mortgages are issued from lenders approved by Minnesota Housing: only use approved lenders.
* Mortgages issued to qualified buyers are fixed-rate low interest loans.
* Down payment and/or closing cost assistance loans up to $12,000 may also be available.
  - Download a "Down Payment and Closing Cost Loans" brochure.
* Anoka County does not have a Down Payment program of its own.

2018 Mortgage Programs

START UP - first time homebuyers who have never owned a home or haven't owned one in 3 years.  


- current homeowners wanting to purchase a different home or refinance their current mortgage.  
Minimum eligibility requirements
  • Meet minimum credit scores set by program.
  • Meet income limits*, the combined household income can't exceed:
    - $90,400 (1-2 people)                                                                                                                                                             - $103,900 (3+ people)
  • Meet purchase price limits*:
    - Homes purchased in Anoka County can't exceed $306,000.

Interest rates, limits and lenders are subject to change.  Visit Minnesota Housing website for current information.

Download a "Ready to Buy a Home" brochure.
Mortgage applicants may be required to complete a homebuyer education class from a HUD-certified counseling agency. Here are two options: 

For More Information

Information as of 2-14-18