New guidelines effective September 29, 2022.
Ramsey County’s FirstHome program assists first-time buyers and first-generation homebuyers with low-to-moderate incomes who are purchasing homes in Ramsey County communities, outside the City of Saint Paul. The loans can be used for down payment assistance, closing costs and, occasionally, health, safety or code improvements.
Eligible buyers may purchase a home up to $372,600 and qualify for loans that can be used for down payment assistance, closing costs and, occasionally, health, safety or code improvements. A maximum investment of $3,726 is required from the buyer, with consideration of earnest money. This principal-only subordinate mortgage must be repaid when the property is sold.
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.
Portia Jackson is the assigned county specialist for this program.