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Headwaters Region has $1.2 million for affordable mortgages


Minnesota Housing announced over $52 million is available to provide affordable mortgages to first-time homebuyers through a collaboration with Minnesota cities and counties, including just over $1,200,000 for the Headwaters Region (Beltrami, Clearwater, Hubbard, Lake of the Woods and Mahnomen counties).

Homebuyers can take advantage of these resources through the Minnesota Housing Start Up loan program, which offers fixed interest rates and downpayment and closing cost loans up to $15,000 for eligible first-time homebuyers. Buyers can purchase homes in the Headwaters Region that cost up to $283,300. Income limits vary by location and household size, going up to $101,800.

Minnesota Housing has helped create affordable home ownership opportunities in the Region for many years. We’re grateful for the resources that help so many households throughout the Region to purchase their first homes.” Said Tim Flathers, Executive Director of the Headwaters Regional Development Commission.

Community partnerships between Minnesota Housing, local lenders and organizations like HRDC, help over 2,000 households a year purchase their first homes,” said Minnesota Housing Commissioner Jennifer Leimaile Ho. “These affordable loans make homeownership more accessible for more Minnesotans.”

First-time buyers can get started by contacting participating lenders in the Headwaters Region. Visit for a full list of approved lenders, current interest rates, and program eligibility.

Minnesota Housing collaborates with individuals, communities, and partners to create, preserve, and finance housing that is affordable. Find out more at Follow us at and on Twitter @mnhousing.