How do I buy?
It seems to be too good to be true, but First Homes has money to give to working families who want to buy their own starter home. How do you tap into the funds First Homes has available? Follow this process MORE
Do I qualify?
First Homes helps reduce housing costs. However, homeowners will still need to qualify for a reduced mortgage. To receive First Homes financial assistance, buyers must meet income requirements. MORE
First Homes Assistance
First Homes offers homebuyers financial assistance to reduce monthly mortgage payments, making home ownership affordable to families on a limited budget. MORE
Community Land Trust (CLT)
In this financing option, buyers purchase and receive a deed to the home and receive a 99-year, renewable lease to the lot on which their home is built. By not paying for the land, the homebuyer receives a benefit of at least $30,000, making the homes very affordable. MORE
E-mail
Telephone
(507) 287-7117
Fax
(507) 282-4938
Mailing Address
400 South Broadway, Suite 300 Rochester, MN 55904
Directions to our office
Click here
Rochester Area Foundation