Minnesota Credit Unions Offering First-Generation Homebuyer Loan Program

Minnesota Housing's First-Generation Homebuyer Loan Program is a downpayment and closing cost loan for first-generation homebuyers. The program offers loans up to $35,000. The program has funding to serve approximately 1,500 eligible borrowers on a first-come, first-served basis. 

The Minnesota Credit Union Network supported the legislation that created the program. The following credit unions are participating in the program:

​Two Harbors Federal Credit Union
TruStar Federal Credit Union
Magnifi Financial Credit Union
Greater Community Credit Union
TruStone Financial Federal Credit Union
Lake Area Mortgage, A Division of Royal Credit Union
Town and Country Credit Union – North Dakota
St. Cloud Financial Credit Union
Co-op Credit Union of Montevideo
Greater Community Credit Union
Ideal Credit Union
First Community Credit Union – North Dakota

For more information on the program, visit Minnesota Housing's website.