St. Louis County Teams Up With Minnesota Housing Loan Program To Make Share Of $56 Million Available To First-Time Home Buyers

If you're a first-time home buyer in St. Louis County, here's some good news: A new partnership with a loan program is allow residents their share of $56-million in funding dollars.

The county has teamed up with the Minnesota Housing Finance Agency. Local residents can apply for loan funding from the $3,496,783 allocated for St. Louis County specifically.

First-time home buyers can apply for fixed interest rates and down payment and closing cost loans up to $10,000. To qualify, buyers must purchase homes in St. Louis County that cost up to $258,000; Income limits for $77,000 for a 1 to 2-person household and $89,000 for a 3+ person household.

More details, sign up, and more is available by clicking here.