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Tired of Renting?  Want to Finally Buy A Home of Your Own?firt home home buyer

First Time Home Buyer Programs in MN, WI, and SD

Down payment assistance programs in MN | Home Buyer Classes | Choosing the right Loan officer | Apply |

It is the dream of everyone to own their own home. Many potential home buyers in the Minneapolis, St Paul, Duluth, Rochester, Madison, Milwaukee areas, and throughout all of Minnesota, Wisconsin, and South Dakota who think they can't, actually CAN qualify for a great home loan, with great mortgage rates, on a mortgage loan program right for them!

If you’re like many renters, you rent because you THINK you can’t afford a home. Maybe you don’t have down payment money, or you think you simply won’t qualify for a loan. To make matters worse, you feel trapped within the walls of a house or apartment that doesn’t feel like yours.  How could it when you’re not even permitted to bang in a nail or two without a hassle!  You feel like you’re stuck in a renter’s rut with no way of raising up and out of it and owning your own home.

Basic Requirement To Qualify For A Home Loan

All mortgage loan applicants need to meet some basic requirements:

- OK or better credit history. This is basically looked at as having a middle credit score of 620 or higher. If you have poor credit, you will need to work on improving your credit first. There are NO bad credit loans available.
- Stable employment
- Buy a home you can safely afford (known as debt ratios)
- Have some money in the bank

If you have OK credit (640 credit score or higher), at least $1,000 to spend for down payment and closing costs, and maybe an additional $1,000 left over in the bank, you may qualify for a MN first time home buyer program with down payment assistance.

Get Started - It's Easy

1)  Apply online for a first time home buyer program - or Call (651) 552-3681
 Get Pre-Approved
3)  Start looking at homes for sale with Realtor
4)  Make an Offer
5)  Get your Keys!
6)  Enjoy your new home

I have helped hundreds of local renters get out from under their landlord’s finger, and more into a wonderful home of their own!  Stop wasting thousands of dollars on rentApply right now, and be in your own home next month!

Purchasing a home for the first time is truly one of life’s milestones. Homeownership is a worthy goal, and thanks to a variety of available financing options, it is a goal that is now in reach for more people. Today’s low mortgage rates make this a historically attractive time to buy, and new loan programs have helped to make the home loan application process simpler than ever before.

Like any important goal in life, homeownership is a substantial responsibility, and there are a number of critical steps necessary to make the dream of buying that first home a reality. We specialize in helping first-time homebuyers of all kinds who have demonstrated that they are a worthy to own a home. For example, if you are comfortably paying rent, have OK credit, and have one year of rental history, you very well could be a homeowner.

While everyone’s individual financial situation varies, you need to make sure are pre-approved BEFORE you start looking at homes or talking to Real Estate Agents so you don't waste time looking at homes you can't buy or can not afford.

First time home buyer assistance applicationThe mortgage process can feel a bit overwhelming. The prospect of home ownership is clearly rewarding; however, the process of applying for a home loan and selecting a property can seem daunting – especially for first-time buyers. It really isn't. We will answer all your questions, and assist consumers in navigating the details of the home loan application. It all starts with Applying For Your Loan with our FREE NO COST one hour home loan decision system!
Once you have applied, we will walk you through all your options, and make sure you know What To Expect, although the actual approval process is fairly straight forward. Plus, if you need or want to attend a first-time home buyer class in MN, we can help you with that too!
When we are done, we will issue you a "pre-approval" letter, and put you in contact with a qualified, real estate professional who will help you find, negotiate, and close on your dream home. Many people go from renter to owner in as little as 45 days!
We have countless first time home buyer success stories on file... Let us make YOU our next one!

Choosing the Right Loan Officer to help You

There are Loan Officers everywhere.  Banks, Mortgage Brokers, and Mortgage Companies.  Only 10% of the success of your mortgage experience is based on the company you choose, and 90% of the success is the Loan Officer you choose. To emphasize this point, understand that just 20% of Loan Officers are actually licensed, having taken schooling, passed State and Federal testing, and more. The other 80% of Loan Officers are simply registered mortgage application clerks. 
Do you want an application clerk, or a fully licensed Loan officer helping you? Here at Mortgages Unlimited, all of our Loan Officers are fully licensed, and average over 15-years experience.
Your real estate agent will likely try sending you to their friend or co-worker to get pre-approved. But is this really the right person. Don't feel pressured to use the Real Estate Agents person, and ALWAYS get a second opinion on your mortgage loan.

Stop Renting - Rent versus Buy

Renting versus owning is a common question. Almost without fail, owning almost always work out better. The only usual exception is if you plan on living in the home just a short period, like under 3-years. In that case, renting is probably best.

So start building your financial future, and get all your home owner tax benefits! We can show you how you'll be able to afford a home sooner, and you'll probably be able to afford more home than you think! 

Buying a home is something we all dream about, usually for years. You may not have been able to save for a down payment, and therefore figured you could not buy a home. For some, bad credit has been the problem, but for most, a lack of down payment money is usually the issue.

But most people don't need a lot for down payment. Between true zero down payment program (like USDA loans and VA loans), and down payment assistance, many people can buy their first home with a minimum of $1,000.  Yup, just $1,000 out-of-pocket.

Even if you are just starting to think about buying a home, call our first time home buyer program loan experts at (651) 552-3681, or fill out a quick online loan application 24/7.

In about 10 minutes over the phone, we can tell you what programs you might qualify for, how much house you can afford, and how much money you'll need to make it all work. This service is absolutely FREE and takes just minutes. You have nothing to lose - except the chance to own your own dream home! So call now, because the call could be your first step in becoming a homeowner.

THE BOTTOM LINE: It isn't as scary as you think. If you want to buy a home, we probably have a program that will work for you. There are no costs or obligations to apply for great home loans and low mortgage rates on your first time homebuyer loan in Minnesota, Wisconsin, and South Dakota

MN Down Payment Assistance Programs For First Time Home Buyers

Zero Down? No problem. We have some programs for that too, like USDA Rural Development, and VA home loans for current or former Military veterans

Lack of down payment money is the #1 reason people don't buy a home. The next reason is poor credit.


Down payment assistance programs to buy a home come in a variety of forms including interest free government loans, and grants. You can also use money from your retirement account (like a 401k), and everybody’s favorite, getting help from your family.


Having your own money for down payment is always best, but if you have limited funds, grants and down payment assistance programs are available. They vary greatly by city, county, state, and federal rules, along with the property location.


Many assistance programs are offered by non-profit organizations funded by federal and state governments as incentives for homeowners to purchase in a particular area or city. Below if a small list of some grant programs, and assistance programs in MN.


Our favorite down payment assistance program in MN is the Start Up Program, made available through our partnership with the Minnesota Housing Finance Agency. Read the Start Up Down Payment Assistance Guidelines


Apply Online right now so that one of our professional Loan Officers can see which down payment assistance program in MN, WI, or SD is best for you.


The source of a down payment on your Minnesota, Wisconsin, or South Dakota home loan may have implications on your overall financing options. Therefore make sure you have your loan officer involved early on when reviewing down payment options. We would be glad to help you with this process and any questions you may have along the way.

Option 1) Call Mortgages Unlimited at (651) 552-3681. Speaking with a live experienced, and licensed Loan Officer is easily the best way to apply, and to determine what first time home buyer program you qualify for.


Option 2) READY TO APPLY ONLINE? Our Secure Online Mortgage Application is available 24/7. Mortgages Unlimited does not charge an application fee to apply, and we will only move forward with your permission.

Small list of some of the available Minnesota first time home buyer programs.
This list is NOT all inclusive. Please contact the number listed for more information, then APPLY ONLINE to get started. As first time home buyer programs constantly come and go, please let us know if any program listed here is no longer available, or of any program you know about that should be added to this list.

Alexandria City Homestead Assistance Program (CHAP) (320) 762-1311
Alexandria Greater Minnesota Housing Fund The Trails Development Gap Financing Program (GAP) (651) 221-1997
Alexandria HRA Down Payment Assistance Program (DPAP) (320) 762-1311
Alexandria MHFA Gap Financing Program (GAP) (320) 762-1311
Austin/Mower County Homeownership Fund Program (507) 864-7741
City Living Program - City of St Paul and Minneapolis
Chaska Clover Ridge Owner Occupied Assistance Program (OOAP) (952) 448-2851
Dakota County CDA - Multiple programs
(651) 675-4400
Dakota County First Time Home Buyer Program with down payment assistance

Duluth Neighborhood Housing Services "Homeownership Program with Employers" in Lincoln Park Grant (HOPE) (218) 727-8604
Duluth Neighborhood Housing Services of Duluth Homeownership Incentive Program (HIP) (218) 628-1057
Duluth NHS/Hillside Homeownership Incentive Program (HIPP) (218) 628-1057
East Grand Forks Downpayment Assistance Program (218) 773-2371
East Grand Forks New Construction Incentive (NCI) Program (218) 773-2371
Elliot Park Neighborhood Improvement, Inc. Homebuyers Assistance Program (612) 335-5885
Hutchinson Housing & Redevelopment Authority Down Payment Assistance Program (DPA) (320) 234-4451
Itasca County/Koochiching County KOOTASCA Community Action's Homebuyer Program (HBP) (218) 326-8539
Mankato Homeownership Program (HOP) (507) 387-8622
Mankato Revolving Loan Fund (RLF) (507) 387-8622
Minneapolis Equity Participation Loan Program (EPL) (612) 673-5289
Minneapolis Folwell Neighborhood Association First Time Home Assistance Program (FTHP) (612) 588-3033
Minneapolis Hawthorne Homestead Program (HHIP) (612) 339-0601
Minneapolis/MCDA Closing Cost Loan Program (CCL) (612) 673-5289
Minnesota Housing Finance Agency - MHFA. The Start Up program first time home buyers, and Step Up program for move up home buyers.
Multi Cities Tri-County Actions Programs, Inc. Homeowner Gap Financing Program (GAP) (320) 255-0705
Multi Counties Arrowhead Economic Opportunity Agency Inc Homeownership Opportunity Program (HOP) (800) 662-5711
Multi Counties Headwaters Housing Development Corporation Two Note Program (TNP) (218) 444-4732
Northfield Housing Assistance Program (NHAP) (507) 645-8833
Pennington County Affordable Housing Program (AHP) Community Revitalization Fund Program (CRF) (218) 637-2431
Pennington County Affordable Housing Program (AHP) Loan Pool Funds (LPF) (218) 637-2431
Pohlad Family Foundation -
Minneapolis zip code 55411 and St. Paul zip code 55106. (651) 774-6995
Ramsey County First Time Home Buyer Grants Program (FBAP) (651) 266-8025
Red Lake County Affordable Housing Fund (AHF) Affordable Housing Loan Pool Fund (LPF) (218) 637-2431
Red Lake County Affordable Housing Fund (AHF) Community Revitalization Fund (CRF) (218) 637-2431
Rochester First Homes GAP Loan Program (GAP) (507) 281-7396
St Paul Community Neighborhood Housing Services, Down Payment Assistance Program (DPAP) (651) 292-8710
USDA Rural Development - Zero down payment loans for rural areas of MN, WI, and SD
Thief River Falls Slow Second Mortgage Program (SSMP) (218) 681-2500
Washington County First Time Home Buyer Grants Program (FBAP) (651) 266-8025
Woodbury - First Time Buyers and Foreclosure Buyers (651) 414-3438

  Equal Housing Lender

Policies, Procedures, Disclaimers

33 Wentworth Ave E - Suite 290
St Paul, MN 55118

(651) 552-3681  

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Our services available only for properties located in Minnesota, Wisconsin, and South Dakota. Licensed as Mortgages Unlimited, Inc. NMLS # 225504. Joe Metzler NMLS # 274132. As a Lenders One partner, we are part of the 3rd Largest Retail Mortgage Originators in the country. We are consistently ranked as one of the top mortgage lenders in Minnesota by Minneapolis St Paul Business Journal. Any use or duplication of any materials is strictly prohibited.  All images, text, and materials Copyright 1998 - 2019 Joe Metzler. This is the private web site of Joe Metzler, NMLS #274132. All Rights Reserved.