First Time Homebuyer Program

Are you looking to purchase your first home? The CDA’s First Time Homebuyer Program may be just what you’ve been waiting for. Since 1983, we have helped over 5,000 Dakota County residents purchase their first homes and you could be next!

Homebuyers purchasing their first home in Dakota County can access fixed, low-interest mortgage financing along with a Mortgage Credit Certificate and up to $10,000 in downpayment and closing cost assistance through our First Time Homebuyer Program.

Interest Rates:

The First Time Homebuyer Program may only be used with 30-year amortizing fixed-rate FHA or VA mortgage loans or HFA Preferred conventional mortgage loans.

  • FHA/VA: 4.25% – Effective rate as low as 2.76% with Mortgage Credit Certificate
  • Conventional HFA Preferred: 4.75% – Effective rate as low as 3.17% with Mortgage Credit Certificate

Interest rates are subject to change.