Ramsey County is pleased to be able to offer home purchase financing to make suburban homeownership more affordable. FirstHome is available through local lenders on a first-come, first-served basis. FirstHome is a no interest deferred second mortgage that are not repayable until the home is sold. Buyers and lenders may refer to the program fact sheets for more detailed information.
FirstHOME is available to low and moderate-income, first-time buyers who are purchasing homes in Ramsey County communities outside of Saint Paul.
Contract for Deed
An Important Note for Buyers and Lenders: The FirstHOME Program requires that all parties to the mortgage be owner-occupants and that the incomes of all, including co-signers, be included in the calculation of income eligibility for buyer assistance.
Ramsey County received about $1M in stimulus funding to acquire, rehabilitate and sell previously foreclosed homes in high impact neighborhoods. Abandoned single family houses are being transformed into affordable, like-new homes in established suburban neighborhoods. Contact ASKCED@co.ramsey.mn.us if there is a property you'd like to see.