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  First Time Home Buyer  
Minnesota City Participation Program 
First Time Homebuyer Program 
If you are a first time homebuyer and you want to buy a home in Plymouth, you may qualify for a program that will help assist in the costs of purchasing a home.
  • This is a zero interest deferred loan of up to $25,000, with the Plymouth HRA holding a second mortgage on the property.
  • Financial assistance can be used for up to 50% of the required down payment, 100% of allowable closing costs up to $5,000 and for reduction of the mortgage principle.
  • Repayment of the loan is required if the home is sold or no longer homesteaded within the first 30 years of ownership. After 30 years, the loan becomes due and payable.
  • Applicants will be accepted on a first-come, first-serve basis.
  • Program guidelines and income requirements are subject to change.

Eligibility Criteria 
  • You must be a first time homebuyer. (Have not owned a home in the last three years or have been displaced due to a divorce situation.)
  • You must buy a home in Plymouth.
  • You must register and attend all homebuyer-training sessions with Community Action Partnership Of Suburban Hennepin (CAPSH) prior to closing.
  • Use only one of the Participating Lenders for your primary mortgage.
  • Your household income must not exceed the maximum income limits* by household size. This is based on your gross earnings and includes all income received, such as wages, child support, alimony, etc. Income limits are revised yearly.

      *$44,800 for a one person household
      *$51,200 for a two person household
      *$57,600 for a three person household
      *$64,000 for a four person household
      *five or more, please call 763-509-5410.

How to Participate 
    1. Make Sure You're Eligible. The first step is to determine if you are eligible. See the Eligibility Criteria above.

    2. Educate Yourself. The second step is to attend the homebuyer classes provided by Community Action Partnership of Suburban Hennepin (CAPSH). You must attend all of the homebuyer education classes as well as a free personal counseling session. Register for the classes by calling 952-933-9639. The information provided in the sessions will help you determine if owning a home is right for you.

    3. Get Pre-Approved. The third step is to meet with one of the Participating Lenders to get pre-approved for a mortgage. The lender will also work with you to determine the mortgage product that is right for you. Call the Plymouth HRA, 763-509-5410, for a current list of Participating Lenders.

    4. Apply to the HRA. After you are pre-approved, you can submit an application for the Plymouth program. Call the Plymouth HRA at 763-509-5410 for an application. HRA staff will then work with you and your lender to coordinate the assistance.

    5. Find a Home. You should then begin looking for a home in Plymouth. Contact your lender and the HRA when you sign a purchase agreement. For more information, call 763-509-5410.
Home Rehab Program (PDF 91KB) 

 Housing : First Time Home Buyer
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