Make your Homeownership Dream a Reality!

Attainable homeownership for
first time homebuyers!

The Central Minnesota Housing Partnership offers a variety of homeownership opportunities to first time homebuyers. Affordable financing products such as low interest first mortgages, entry cost assistance and gap financing are available to eligible buyers to assist in purchasing newly constructed homes within specific new construction developments in Central Minnesota.

Have you been paying rent and with every rent payment feeling like you are throwing your hard earned money away? Perhaps you assume you won't qualify for a mortgage or payments may be to high. By utilizing affordable financing options through the Central MN Housing Partnership, first time homebuyers can achieve homeownership with a monthly payment they can afford.

The Central Minnesota Housing Partnership is also administering Neighborhood Stabilization Program Funding. This program provides down payment and rehabilitation assistance to eligible buyers purchasing vacant and foreclosed homes in within targeted neighborhoods.The program is a great fit for first time buyers and well as seasoned buyers who are looking for a different home. See below for more information on this program.

Neighborhood Stabilization Program (NSP)

The Central Minnesota Housing Partnership is administering Neighborhood Stabilization Program funds in the cities of Isanti, Zimmerman, Monticello/Otsego and Buffalo. The program will offer a variety of down payment assistance and rehabiliation fiinancing products to assist eligible buyers in purchasing vacant and foreclosed homes in designed neighborhoods located in the cities listed above. Please check the links below or contact Lenee Hoffman at 320-259-0393 or lenee@cmhp.net for more information.

PROGRAM NOTE: HUD defintion has been expanded. Properties are now NSP eligible if any of the following conditions apply: The property is at least 60 days delinquent on its mortgage and the owner has been notified; or the owner is 90 days or more delinquent on tax payments; or under state or local law foreclosure proceedings have been completed and title has been transferred to an intermediary aggregator or servicer that is not an NSP grantee, subreceipient, developer or end user.

Interested Buyers: You may be eligible for down payment and rehabilitation assistance to purchase a foreclosed home. Below are links that provide information and instructions on filling out the NSP application, as well as a printable NSP application and link to HUD certified education agencies.

• NSP Application process
• NSP Homebuyer application
• Homeownership Center HUD educators
• NSP Income Limits

Lenders and Realtors: Make sure you have all the information necessary to assist your customers and clients by reveiwing the information below. Please note the follow NSP requirements: an NSP Addendum is required for all purchase agreements submitted when the buyer is utlizing NSP financing. A printable copy of the addendum is provided below.

• NSP Purchase Agreement Addendum

Lenders, also make sure that you have submitted a Compliance Certification form to our office. This form should also be sent to Minnesota Housing at the following address: Minnesota Housing, Attn: Ruth Simmons 400 Sibley St., Suite 300 St. Paul, MN 55101-1998. A printable copy of the certification is provided below.

• Lender's Certification Form

Click on a link below to get specific information for the city you are interested in:

ISANTI: Rehabilitation funds have been exhaused but down payment assistance is still available to eligible buyers.

• Isanti program information
• Isanti program flyer
• Isanti map

ZIMMERMAN :Maefield Estates, Norway Ridge and South Side Villas have been added as NSP eligbile neighborhoods. See maps below.

• Zimmerman program information
• Zimmerman program flyer
• Zimmerman city map

BUFFALO: Please note that all properties meeting the new HUD definition of foreclosed (see above) and located within the Corporate City limits of Buffalo are now eligible for the program.

• Buffalo program information
• Buffalo program flyer
• Buffalo city map

SHERBURNE COUNTY

• Sherburne County program information (administered by St. Cloud HRA)

New Construction Opportunities

Homeownership opportunities are available in specific sub-divisions located in growing communities of Central Minnesota. First time buyers may be eligible for affordable financing products, as well as reduced home prices through the Central Minnesota Community Land Trust. Click the New Construction link above or call jason at 320-259-0393 for more information.