Financial assistance at your fingertips!

Minnesota is a state that understands the importance of housing for its residents. Quality housing options for prospective homeowners and renters are essential to ensuring an acceptable quality of life. The following programs all exist within Minnesota to help ensure that reality.

For further information about the programs below, contact Melodie Bridgeman at 952-556-2778 or email melodieb@carvercda.org.

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Carver County CDA Down Payment & Closing Cost Assistance Program

Carver County Community Development Agency Logo

The Carver County CDA's Down Payment and Closing Cost Assistance Program encourages homeownership in Carver County for qualified low to moderate income households who are first-time homebuyers. Eligible borrowers’ income must be at or below 100% Area Median Income (AMI), not adjusted by household size, that is currently at $132,400 for 2025. The purchase price of eligible homes cannot exceed $415,000. Borrowers may receive a maximum of 25% of the purchase price, not to exceed $50,000. This will be a second mortgage that is forgivable after 20 years at 0% interest with 5% of the original loan principal forgiven annually as long as the homeowner(s) own and reside in the home as their principal residence.

Learn more about the program and see if you are eligible.

Minnesota City Participation Program

Minnesota Housing Logo

Minnesota Housing sells mortgage revenue bonds on behalf of cities to meet locally identified housing needs. The proceeds of these bonds provide below-market-interest-rate home mortgage loans for low- and moderate-income first-time homebuyers. The Minnesota City Participation Program provides cities throughout the state with a unique opportunity to easily access housing resources to meet the needs of their citizens.

Other financial assistance programs include:

Minnesota Housing First-Generation Homebuyer Loan Program

Minnesota Housing Grant Programs

Rehabilitation Loan Program and Emergency & Accessibility Loan Program

Image of Rehabilitation Loan Program and Emergency & Accessibility Loan Program

Offered through Minnesota Housing, the RLP/ELP programs are designed to assist low-income homeowners with home improvements. These programs provide deferred loan financing to income-eligible homeowners to address health and safety concerns in their homes. A lien is placed on the property, and the loan is forgiven over time.  Loan program income limits are based on HUD median family income estimates.

Septic System Financial Assistance Programs

Carver County logo

There are numerous financial assistance programs available to Carver County homeowners needing to replace or repair a failing septic system, including low-income grants, low-interest loans and more.

For more information, call (952) 361-1800. Email ssts@co.carver.mn.us or go to the Carver County Septic Systems page by visiting the website below.