$ 10,000 Down Payment and Closing Cost Assistance Available Now | Community


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Financing is available now for those interested in buying a home in Goodhue County (excluding the Town of Red Wing). Qualified homebuyers, who meet established income limits (1-2 people – $ 93,100; 3+ people – $ 107,000), will receive $ 10,000 to use for their down payment and closing costs.

The loan has an interest rate of 0% and no monthly payment is required. Loan repayment is not required until the first mortgage is satisfied, the house is sold, or the house is no longer the owner’s primary residence.

Eligible properties must be located in Goodhue County (excluding the Town of Red Wing). The purchase price cannot exceed $ 311,900 and the house must be ready to move in.

Homebuyers must be pre-approved for a mortgage, provide a $ 500 contribution toward the purchase of their home, get a home inspection, and attend a homebuyer’s training course. The SEMMCHRA homebuyer education course schedule can be viewed at www.semmchra.org. In addition, a member of the household must work at least 30 hours per week.

Don’t miss this opportunity to help you buy a home; visit www.semmchra.org to complete an application and see if you qualify.

Please contact Tressa at SEMMCHRA at 651-565-2638 ext. 204 or email [email protected] for more information or to apply for the program. This is an equal housing opportunity program.

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About Matthew R. Dailey

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