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 $15,000 in a zero interest, deferred loan that is payable when the homeowner sells or refinances the first mortgage.

First Time Homebuyer Application

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 funds available.

HRA House

As of May 2017

Family Size
50% of AMI Income Limits 80% of AMI Income Limits
1        $31,650
2        $36,200               $54,400
3        $40,700               $61,200
4        $45,200               $68,000
5        $48,850               $73,450
6        $52,450               $78,900
7        $56,050               $84,350
8        $59,700               $89,800