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First Time Home Buyers

The 2012 program begins April 16

 Anoka County participates in Minnesota Housing Finance Agency's (MHFA) mortgage programs.  These programs provide fixed, low-interest loans to qualified first-time home buyers.  Additional funds may also be available to qualified buyers for closing costs and down payment.  (Mobile homes do not qualify for funding unless they are permanently attached to a lot and taxed as real property.)  The program starts April 16, 2012 and ends December 16, 2012 or when funds are spent, whichever occurs first.

Summary and Requirements of the First-Time Home buyer Program

1. You must not have owned a home within the last three (3) years.
2. You must have copies of your federal income tax returns for the last 3 years.
3. You must use an MHFA-approved lender and have acceptable credit as determined by an approved lender.  
4. We strongly encourage people seeking First-Time Home buyer funds to attend a home buyer education course prior to applying for a mortgage. The Anoka County Community Action Program (ACCAP) offers a “Home Stretch” class that explains, step-by-step, the buying process and offers guidance to potential new buyers so that they can make informed decisions when seeking a loan and purchasing a home. This class is available throughout the year. Contact ACCAP by calling 763-783-4747 or visit their web site at www.accap.org.
5. The limits on household income and home purchase price for the current year must be met.

To receive an informational packet by mail, contact Linda at 763-323-5764, or download the packet here.

For information on the "Home Stretch" class and for a list of other counseling agencies, visit HUD's Web site of approved counselors.

For more detailed program information, contact Minnesota Housing Finance Agency (MHFA) at 651-296-8215, or 800-710-8871.