Downpayment Assistance

Downpayment Assistance Available!

Three Rivers Community Action has a downpayment and closing cost assistance program for eligible buyers in southeastern Minnesota.  See program guidelines.  Buyers can qualify for up to $18,500 based on individual household need. Funds are in the form of 0% interest loans, with no payments due for 30 years or until the home is sold.


  • The property must be located in the 20 counties of southeastern Minnesota.
  • Program targets underserved households, including households of color or ethnic minorities.

  • Buyers must be below 80% of the statewide median income, based on family size.

  • Buyers must complete a eight-hour Home Stretch homebuyer education class.

  • Buyers must be able to qualify for a first mortgage that meets program guidelines (long-term, fixed interest rate).

  • Buyers must have a signed purchase agreement.

Funding for the program is coming from Greater Minnesota Housing Fund and the Minnesota Housing Finance Agency. Funding is limited and cannot be guaranteed until all application materials are submitted and approved.