Downpayment Assistance Program for Richfield Renters

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We're turning Richfield renters into homeowners!

 RF Renters up to $10k web banner

Are you ready to stop renting and own a home? Did you know that you may be able to spend less on a mortgage than what you pay in rent? And that you don't need 20% down to purchase? Let's get started. 

 

step1 iconAttend Homebuyer Education

If you are planning to purchase a home, homebuyer education or counseling is a great place to start. Your advisor will teach you about the process, answer your questions, and help you make smart decisions. Connect with a local organization today:

 step2 icon

 Learn How to Save with our Loan Programs

Affordable first mortgage products and downpayment loans up to $15,000 are available statewide through Minnesota Housing.

Richfield renters looking to buy in Richfield may be eligible for a forgivable downpayment loan up to $10,000 from the City of Richfield.

  step 3 icon

 Contact a Participating Lender

Find a Minnesota Housing participating lender to discuss your needs, learn more about which loan program is right for you, and start the pre-qualifying process.

Contact the City of Richfield to learn how to access their downpayment program at 612.861.9778 or at housespecialist@richfieldmn.gov

 

In connection with Single Family Division loan programs, Minnesota Housing does not make or arrange loans.  It is neither an originator nor creditor and is not affiliated with any Lender.  Minnesota Housing is not affiliated with the City of Richfield loan program; interested individuals should contact the City of Richfield directly regarding any terms, conditions, availability or other requirements related to its loan program.

 

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