Down Payment Assistance

If you are looking to purchase a home but are short on funds for a down payment and/or closing costs, we may have a program to assist you! The Beltrami County HRA and the Hubbard County HRA each have an Entry Cost Assistance program available in their respective counties to assist low to moderate income households with the down payment and/or closing costs associated with purchasing a home.

 

Eligibility Criteria

Households must meet the income limit:

 Household Size  Annual Income Limit
 1-4  $61,900
 5  $66,850
 6  $71,850
 7  $76,800
 8  $81,750

 

· 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 

Contact Jackie Meixner at 218-333-6530 with any questions.

 

Please download the correct application for the county that you intend to purchase a home in. 

Hubbard County HRA Down Payment Assistance Application

Beltrami County HRA Down Payment Assistance Application

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