First-Time Homebuyers

Start Up First-Time Homebuyers Program

Whether you're purchasing your first home or getting back into homeownership, Ideal Credit Union and the Minnesota Housing Finance Agency have partnered to offer the Start Up First-Time Homebuyers Program to support your journey. If you've never owned a home, or if it’s been more than three years since you last owned one, you might qualify as a first-time homebuyer.

Start your journey today—apply now and take the first step toward owning your dream home!

Start Up Qualifications:

  • Eligible applicants can earn up to $142,800, depending on the county.
  • Down payment assistance options up to $53,000.
  • Applicants must meet a minimum credit score to qualify.
  • The property must be owner-occupied.
  • At least one borrower must complete an approved homebuyer education course.

Apply Now Make an Appointment

This program offers down payment and closing cost assistance, affordable interest rates and the potential to reduce mortgage insurance costs. It's a great fit for first-time buyers in Minnesota.

For more details on income limits and maximum purchase price, visit the Minnesota Housing Finance Agency website.

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