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City of Northfield, MN
801 Washington St.
Northfield, MN 55057
Ph: 507-645-8833

First-Time Homebuyer Program
Assistance for First-Time Homebuyers
The Northfield HRA is excited to provide first-time homebuyers with the opportunity to receive assistance towards a down payment or closing costs. We provide up to $10,000 in a zero interest, deferred loan that is payable when the homeowner sells or refinances the first mortgage.

Eligibility
Buyers must meet income guidelines, be first-time homebuyers and purchase a home within the city limits. Single family homes, townhomes, or condominiums all qualify for this program.

Income eligible households must be at or below 80% of area median income for Dakota County.  Amount of award is dependent on need and annual income.
 

 Family Size

50% of AMI Income Limits

60% of AMI Income Limits

80% of AMI Income Limits

 1

 $29,050

$34,860

$44,750

 2

 $33,200

$39,840

$51,150

 3

 $37,350

$44,820

$57,550

 4

 $41,450

$49,740

$63,900

 5

 $44,800

$53,760

$69,050

 6

 $48,100

$57,720

$74,150

 7

 $51,400

$61,680

$79,250

 8

 $54,750

$65,700

$84,350

-as of December 2013

Information & Application
For more information or to apply for this opportunity, please see the program guide and application.