Home Buyer Assistance

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New Guidelines Effective July 1, 2019

Ramsey County’s FirstHOME buyer assistance program helps first-time buyers with low to moderate incomes who are purchasing homes in Ramsey County communities outside Saint Paul.

Eligible buyers may qualify for up to $15,000 with zero percent interest to help bring their monthly housing costs down to 30 percent of income. Buyers are responsible for a minimum investment of $2,000. This principal-only subordinate mortgage must be repaid when the property is sold.

The loans can be used for down payment assistance, closing costs and, occasionally, health, safety or code improvements.

Maximum purchase price is $240,000.

Contact your bank, credit union or mortgage company if you would like to take advantage of the Ramsey County FirstHOME Buyer Assistance Program. Eligible buyers should ask their lenders to reserve funds on their behalf.

Eligibility requirements

Lender Information

Contract for deed