Which Minnesota Cities Offer $10K–$60K in Down Payment Assistance?

Looking for down payment assistance beyond Minnesota Housing? Many Twin Cities communities offer their own programs — sometimes $10,000, $20,000, or even up to $60,000. But these programs come and go quickly, have unique rules, and can dramatically change how much home you can afford.

In this video, Peter Lindquist (Mortgage Specialist) and Travis Anderson (Twin Cities Realtor) break down:

✅ Which cities offer their own down payment assistance
✅ How much money these programs provide
✅ Why these funds often disappear fast
✅ How community DPA differs from Minnesota Housing
✅ Whether you can stack community DPA with MHFA
✅ The challenges of qualifying and why these loans take longer to close
✅ How to strategize your offer to avoid losing out in multiple-offer situations

If you're a first-time homebuyer in Minnesota — especially in the Twin Cities — this info can save you thousands and open doors you didn’t know you had.

⏱️ Timestamps
0:00 – Intro
0:38 – Community vs. Statewide DPA
1:32 – Not All Cities Have These Programs
2:28 – Example: Woodbury’s Limited Funding
3:42 – How DPA Impacts Mortgage Insurance
4:31 – Can You Stack Programs?
5:45 – Unique Guidelines & Complexity
7:11 – Why These Loans Take Longer
8:50 – Multiple Offer Challenges
9:43 – Final Thoughts

📱 Contact Peter Lindquist
📞 651-491-5381
✉️ [email protected]

📝 Apply now: https://www.rate.com/LindquistTeam

Eligibility requirements, assistance type, and assistance amounts vary based on program. Talk to your loan officer about what options may be available, as well as the specific borrower, property, and loan type restrictions or requirements that may apply. Not all programs are available in all areas.

Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Refinancing your mortgage may increase costs over the term of your loan. Restrictions may apply.

Operating as Guaranteed Rate, Inc. in New York.
Guaranteed Rate, Inc. D/B/A Rate; NMLS #2611; Rate.com; 3940 N Ravenswood, Chicago, IL 60613; 866-934-7283.
For licensing information visit nmlsconsumeraccess.org.
Equal Housing Lender. Conditions may apply.