Make Woodbury, MN, Your Home with Down-Payment Assistance for First-Time Homebuyers

To encourage homeownership for low- to moderate-income households, the City of Woodbury’s Housing and Redevelopment Authority offers purchase assistance for first-time homebuyers.

Loans of up to 3.5% of the purchase price are available at a fixed 3% interest rate. In addition, veterans and adults over 65 years qualify for a 2.75% rate, and first-generation buyers receive a 0% interest rate.

Who is Eligible?

A first-time homebuyer is a household that has never owned a home or has not owned a home in the last three years. First-generation homebuyers have never owned a home; their parent or legal guardian does not currently own a home, nor have they owned a home in the past.

Take Your First Step

Working with your primary lender, reach out to the Washington County CDA to determine eligibility. Ask about HUD-approved homebuyer education and advising services.

Please note that all applications must be submitted at least 35 days prior to closing.

Learn More

The Washington County Community Development Agency (CDA) administers this First-Time Homeownership Program on behalf of the City of Woodbury HRA.

see also first generation program

This program provides down-payment assistance loans to homebuyers purchasing their first home in Woodbury, MN. The First-Time Homeownership Program provides down-payment assistance loans of up to 3.5% of the home’s purchase price. These loans are offered as 30-year deferred loans with interest-only payments required during the loan term. Veteran and senior households (65 years and older) are eligible for a discounted rate of 2.75%. First-generation homebuyers are eligible for a 0% interest loan with no required interest payments during the loan term.

Apply online or contact the CDA to learn more (WoodburyDPA@washingtoncountycda.org).