The Beltrami County HRA administers a down payment assistance program designed to promote home ownership. Through this program, the HRA offers loans that are deferred with no interest for five years. Repayment of the principal begins after 5 years at 4% interest.
Households must meet the income limit:
| Household Size
|| Annual Income Limit
· Households may not have more than $7,500 in liquid assets post-closing
· Preference is given to purchases of 10 acres or less
· Home must appraise for at least $60,000
· Borrowers must take Homestretch or Framework
Please download the application below if you intend to purchase a home in Beltrami County.
Contact Jackie Meixner at 218-333-6530 with any questions.