First Time Home Buyer

Anoka County partners with Minnesota Housing, the states housing finance agency, to offer affordable loan programs including one for first-time homebuyers. Mortgages are issued through Minnesota Housing-approved lenders and provide fixed-rate, low interest loans to qualified buyers.  Down payment and/or closing cost assistance loans up to $10,000 may also be available. 
You must use a Minnesota Housing-approved lender.  Click on "Find a Lender" under the "Homebuyers & Homeowners" tab.

2017 Programs


is for first time homebuyers.                                                                                                                                         Download a Start-Up brochure.

You may be eligible if you:
  • Are a first-time homebuyer or haven't owned a home in the past three years
  • Meet minimum credit scores
  • Meet income limits*, 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 $307,900

* Interest rates, limits and lenders are subject to change.  Visit Minnesota Housing website for the most current information on rates, limits, amounts and lenders.

Down Payment and/or Closing Costs: check with your lender to see if you also qualify for down payment or closing cost assistance.  Download a Down Payment  / Closing Cost information sheet.  Anoka County does not have its own down payment assistance program.

Mortgage Credit Certificate: First time homebuyers should also ask their lender if they qualify for this. Claim a percentage of the mortgage interest you pay each year as a federal income tax credit and deduct the remaining mortgage interest. First-time homebuyers should ask their lender if they qualify for this program. Download a Mortgage Credit Certificate (MCC) brochure


is Minnesota Housing's mortgage program for homeowners looking to buy a new home (but who are not first-time buyers) or who are interested in refinancing their current mortgage.  Many of Step Up's requirements mimic Start Up's including using a Minnesota Housing-approved lender. Download a Step Up Brochure.
Applicants for mortgage programs may be required to complete a homebuyer education class from a HUD-certified counseling agency. If a class is required, here are two options: 

For More Information

Information as of 7-20-17