DOWNPAYMENT ASSISTANCE

CHECK OUT THESE PROGRAMS

Downpayment assistance programs are used by many first-time home buyers because it makes buying a home more affordable and accessible. Below you will find links and information to programs and resources available to buyers in Rochester, MN.

MINNESOTA HOUSING

This loan program is for first-time home buyers.

Ready to purchase your first home?

The Minnesota Housing Start Up loan program can make homeownership fit your budget. Test

  • Affordable, fixed interest rates for the life of the loan
  • As little as 3% down with our exclusive conventional loans
  • Downpayment and closing cost loans up to $15,000
  • Low or no mortgage insurance options for lower monthly payments

You may be eligible if you:

  • Are a first-time homebuyer (you have not owned a home in the past three years)
  • Meet income limits
  • Meet purchase price limits:
      • 11-County Metro: $330,100
      • Balance of State: $283,300
  • Meet minimum credit score requirements

Contact an approved lender partner to get started.

click here for more information

Step Up for Repeat Homebuyers or Refinancing

You don’t need to be a first-time homebuyer to take advantage of our affordable loans.

The Step Up program has a purchase loan if you’re a current homeowner (or owned within the last three years) and want to buy a different home. You can also use Step Up to refinance your current home at an affordable, fixed rate.

  • Affordable, fixed interest rates for the life of the loan
  • As little as 3% down with our exclusive conventional loans
  • Downpayment and closing cost loans up to $15,000 – a unique option for refinancing
  • Low or no mortgage insurance options for lower monthly payments

You may be eligible if you:

  • Meet income limits
  • Meet purchase price limits:
      • 11-County Metro: $330,100
      • Balance of State: $283,300
  • Meet minimum credit score requirements

Contact an approved lender partner to get started.

click here for more information

WHAT CLIENTS ARE SAYING

“Joe made the selling process very easy for my wife and I. The analysis of our home he was selling was on point and accurate – we were very happy with the sell price of our home. He is very quick to answer any questions you might have, and if he does not have the answer he will take the time to get it. He also has many contacts in the local area if anything would need to be fixed in the home you are selling; in which we will use the contact he gave us at our new home. We would highly recommend Joe!”

Tony Campbell - buyer

“Joe was available nearly 24/7 for all of our concerns and questions. He would respond late at night and early in the morning to all of our messages. Joe was well versed in the value of our property and in setting an asking price, as well as what to offer for the new house. We ended up getting more than we asked for our old house, and paying less than list price for the new one. When we went to list our house, we were a bit behind and still needed to declutter, pack, and paint. Joe spent an entire Sunday afternoon helping us accomplish this by actually helping us paint and”

Kat Ojalvo - Buyer/Seller

“Joe helped my husband and I sell our home in Rochester. Joe is knowledgeable and was attentive from start to finish. As first time sellers, Joe was there to answer all of our questions and help us through every step of the process. He knows the market and we were able to sell our home quickly for a great price. We highly recommend!”

Lisa Saunders - Seller

“Joseph was very nice and helpful. He went above and beyond and made me feel more like a friend than a customer. I would recommend Joseph as a Realtor.”

Daniel Leon - Buyer/Seller

LET’S WORK TOGETHER

TELL ME MORE ABOUT YOUR SITUATION

If you have questions about real estate or would like help finding a new home or selling your current home please fill out this form. We will be in touch with you shortly.