Do I Qualify? |
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If you're thinking about buying a home through the First Homes program, the first step is to call and set up an appointment with a First Homes-certified lender. The certified lender will have information on income qualification and potential homes for sale.
Interested homebuyers must have an annual income that is below a certain amount based on family size. These guidelines are typically based on 80% of the Minnesota state median income or area median income and change from year to year. For the specific limits, click on the Income Limits PDF under each house listing.
Homebuyers must be able to qualify with a certified lender for a first mortgage. Buyers are eligible if they meet the income guidelines even if they have previously owned a home; however, the home must be their primary residence.
If you have questions regarding Income Guidelines, please contact First Homes:
