Becker County to Help Provide Affordable Mortgages to First-time Home Buyers

BECKER COUNTY (KDLM) – Becker County has received nearly $500,000 to help provide affordable mortgages to first-time home buyers.

The county received $499,227 from Minnesota Housing, part of more than $55 million through a collaboration with Minnesota cities and counties.

Home buyers can take advantage of these resources through the Minnesota Housing Start Up loan program, which offers fixed interest rates and downpayment and closing cost loans up to $17,000 for eligible first-time home buyers. Buyers can purchase homes in Becker County that cost up to $294,600. Income limits vary by location and household size, going up to $105,500.

“Community partnerships between Minnesota Housing, organizations like Becker County EDA and local lenders help over 2,000 households a year purchase their first homes,” said Minnesota Housing Commissioner Jennifer Leimaile Ho. “These affordable loans make home ownership more accessible for more Minnesotans.”

First-time buyers can get started by contacting participating lenders in the Becker County area. Visit www.mnhousing.gov for a full list of approved lenders, current interest rates, and program eligibility.