First-time Homebuyer Program

Assistance for first-time homebuyers

The Northfield Housing & Redevelopment Authority (HRA) is excited to provide first-time homebuyers with the opportunity to receive assistance towards a down payment or closing costs. We provide up to $25,000 in a zero interest, deferred loan that is payable when the homeowner sells or refinances the first mortgage.

First Time Homebuyer Application (PDF)

First Time Homebuyer Application (PDF) - Spanish

Eligibility

Buyers must:

  • Meet income guidelines
  • Be first-time homebuyers
  • Purchase a home within the city limits

Single family homes, townhomes, or condominiums all qualify for this program.

Income eligible households must be at or below 80% of area median income for Dakota County. Amount of award is dependent on need and funds available.

Income limits

As of June 15, 2023, for Dakota County the annual median income is $124,900.

Household sizeIncome limit (80% of annual median income)
1$66,300
2$75,750
3$85,200
4$94,650
5$102,250
6$109,800
7$117,400
8$124,950