FIRST TIME HOMEBUYER PROGRAMS City of Plymouth Assistance

Guidelines and Qualifications for the program include:

• You must purchase a home in the City of Plymouth • Borrowers must be first time homebuyers evidenced with 3 years personal

federal tax returns • Household income maximums are:

o $43,050 for a one person household o $49,200 for a two person household o $55,350 for a three person household o $61,500 for a four person household

• The home must be your primary residence.

• Funds are available on purchases only and must be reserved.

• Homebuyer's training is required through Community Action Partnership of Suburban Hennepin (CAPSH).

• Borrower may qualify for up to $25,000 to assist with down payment and closing cost expenses. Closing costs to $5000 and up to 10% down payment

• Borrower must contribute $1,000 toward the purchase.

Patty Schaffer Community Development/HRA City of Plymouth 763/509-5413 pschaffe@ci.plymouth.mn.us