735 Margaret Street
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735 Margaret St. in Saint Paul was owned by Ramsey County Housing and Redevelopment Authority (HRA) and was sold as part of the FirstHome Program. As part of this program, the home came with $85,400 in FirstHome Down Payment Assistance. The purchaser of this property met the following FirstHome eligibility criteria.
- Household size of 4 or more members.
- All adults in the household must met First-generation eligibility; buyer(s) or their parent(s) cannot have owned a home in their lifetime.
- Household total annual income was at or below 100% of the Area Median Income (AMI).
- Buyers contributed 1% of the purchase price to the transaction. Gifted funds were allowed.
- Buyers must had successfully completed an approved Homebuyer Education and Homeowner Advising course within the last 18 months.
- Buyer met all other FirstHome eligibility criteria factors.
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| 2024 Area Median Income Guidelines - Minnesota - St. Paul - Bloomington, MN | ||||||||
|---|---|---|---|---|---|---|---|---|
| Household Size | ||||||||
| AMI% | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| 100% | $86,950 | $99,400 | $111,800 | $124,200 | $134,150 | $144,100 | $154,050 | $163,950 |
