Minnesota Housing Homeownership Assistance Fund

Minnesota Housing Finance Agency

Available Down Payment

About This Program

Forgivable loan to assist first-time homebuyers in Alexandria with down payment and closing costs. Loan is forgiven after 10 years of compliance. Available to households at or below 80% AMI purchasing homes under $410,000.

Forgivable loan amount based on household income and purchase price

Official source site checked live on 2026-06-17.

Data last verified 2026-06-09. How we verify our data.

Key Details

  • Up to $35,000 forgivable down payment loan
  • First-time homebuyers at or below 80% AMI
  • Purchase price limit $410,000 in Alexandria
  • Forgiven after 10 years of owner-occupancy
  • Apply through approved Minnesota lenders

How to Apply

Get free help applying Visit Official Program Page Track this program

(800) 710-8871

A grant-savvy contractor in Alexandria, MN can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Your application paperwork

Documents you will likely need

  • Proof you own and live in the home (deed, recent mortgage statement, or property tax bill).
  • A government-issued photo ID for every owner on title.
  • Household income proof (recent pay stubs, last year's tax return, or benefit award letters for everyone in the home).
  • The program's own application form, completed (use the official link or phone number on this page).
Download this checklist (PDF)

Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.

Deadline: Ongoing; contact approved lenders

Questions about this program?

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