First-Time Homebuyers

Financial assistance is available to make buying a first home more affordable

Get thousands of dollars of help with down payments and closing costs

Benefit from rates designed to help you manage your payments more effectively

Anyone who hasn't owned a home for more than three years may also qualify

Want a place of your own? Let us open the door for you.

You've been living in an apartment – or with parents. You dream of owning a home, but qualifying for a traditional mortgage can be a challenge. Good news: Ideal Credit Union and the Minnesota Home Finance Agency have partnered to offer the Start-Up First-Time Homebuyers Program. Find out how down payment assistance, affordable rates, and other financial benefits can make your big move possible.

  • Eligible applicants can earn up to $152,200 – the exact dollar figure depends on the location of the home you intend to buy
  • With up to $18,000 in down payment assistance options, covering upfront costs feels a lot more doable 
  • No one expects perfection, but applicants must meet a minimum credit score to qualify
  • This loan is for homes you’ll live in, but if you're buying an investment property, we have other options to help
  • At least one borrower must complete an approved homebuyer education course so you feel confident and prepared for homeownership
  • For more details on income limits and maximum purchase price, visit the Minnesota Housing Finance Agency website


Ideal Credit Union can make buying your Minnesota dream home a reality with the right mortgage loan. Our mortgage lenders are ready to assist you.

Learn more about the First-Time Homebuyers program by making an appointment with our team.
Ideal Credit Union Mortgage Lender Cynthia Stewart.
Cynthia Stewart

Cynthia has been with Ideal CU since 1991, working in the cash services, member service, and mortgage areas. With years of experience, Cynthia is dedicated to understanding members' unique needs and ensuring they have the best financial solutions.

Email: [email protected]
Phone: 651-773-2843
NMLS#: 446884

Apply with Cynthia

Available to meet in-person at the following offices:

Denise Swanson

Denise is a Mortgage Loan Officer at Ideal Credit Union with more than 14 years of experience. She works with members throughout the home loan process and is known for her patient approach. Denise listens carefully to tailor solutions to each member’s needs.

Email: [email protected]
Phone: 651-773-2823
NMLS#: 888469

Apply with Denise

Available to meet in-person at the following offices:

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