First Time Homebuyer Program
Update: The First Time Homebuyer Program is currently suspended with no funds available for first mortgages or down payment assistance. We do not know if/when there will be funding for this program. Please check back here regularly for any further updates. If you have any questions, please feel free to contact 651-675-4465.
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 interest rate mortgage financing
- Mortgage Credit Certificate
- $8,500 in downpayment and closing cost assistance
- Reduced Private Mortgage Insurance (PMI) with our conventional HFA preferred mortgage
Downpayment & Closing Cost Assistance
Mortgage Credit Certificate
Information for Lenders
Frequently Asked Questions:
Do I qualify?
How do I apply?
When should I take Homebuyer Education?
Can I apply for down payment assistance only?
Do I have to repay the down payment assistance?
To receive information about the First Time Homebuyer Program, please call 651-675-4465.