Homeownership made possible—for every person, family, and journey.

Homebuyer assistance & support programs

Everyone’s path to homeownership is different — and we’re here to help. Whether you’re buying your first home, returning to homeownership, or managing unique financial circumstances, our flexible loan options are built to support your goals.

 

Your new home is within reach

If you’re unsure whether buying is possible, Think Bank can help. Our mortgage advisors focus on making homeownership more affordable and guiding you through each step. Below are down payment assistance programs and resources for first-time buyers in Minnesota. The fastest way to find out what you qualify for is to speak with a mortgage advisor who will evaluate your situation and recommend the best option.
 
Call us at 1-800-288-3425 ext. 2507 or send us a message and we'll connect you with a mortgage advisor.
 
 







Think Bank's mortgage programs

HomeReady Mortgage

A great option for buyers who have steady income but limited savings. A HomeReady loan offers low down-payment requirements and flexible income guidelines, making it easier to qualify and get into a home sooner.
  • Down payments as low as 3% help make homeownership more attainable
  • Lower closing costs keeps more money in your pocket
  • Interest rates aren’t tied to credit score, benefiting all credit ranges
  • Income-based eligibility supports buyers earning below the area median income
  • A practical option for first-time and moderate-income buyers

MHFA Loan

More than a mortgage—added resources and support! Minnesota Housing Finance Agency (MHFA) loans are designed to make homeownership more accessible for Minnesota residents, especially those with lower to moderate incomes. 
  • Affordable fixed-rate mortgage options
  • Down payment and closing cost assistance
  • Programs for both first-time and repeat buyers
  • Homebuyer education to set you up for long-term success 

American Dream Home Loan

Built for buyers starting out or starting fresh. Our American Dream home loan is a low down payment mortgage tailored for those who haven’t owned a home in the last three years.
  • A Think Bank exclusive mortgage product
  • Down payments starting at just 1%
  • Flexible income and asset guidelines
  • Designed to help you build equity and establish financial stability









Earnest thumbs up

Homeownership within reach—for everyone.

"The team did a phenomenal job answering all our questions and helping us find the loan that was best suited for us. Everyone was personable and easy to talk to, which made the process so much easier...especially as first-time homebuyers." - Abigail

"Everyone was so nice and helpful. They understood my concerns and needs without being skeptical or judgmental— so different from the experiences I've had at other banks." - Sharon

Frequently asked questions


A down payment is the upfront amount you put toward buying a home at closing. It lowers the loan amount you need to borrow and begins building your ownership stake right away. In short — it’s your first step toward equity in your new home.
Down payment assistance helps homebuyers cover upfront costs, making it easier — and more affordable — to buy a home. These programs can offer grants, forgivable loans, or low-interest loans to help with your down payment and sometimes closing costs. Many are designed for first-time buyers, but some support repeat buyers too.
Each program has its own rules, but common factors include:
  • Household income limits
  • Credit qualifications
  • Home price and location
  • First-time homebuyer or repeat-buyer eligibility
  • Completion of homebuyer education (for many programs)
The fastest way to know what you qualify for is to talk with a Think Bank mortgage advisor. We’ll walk through your options together and point you to the programs that fit your situation.
Start by connecting with a Think Bank mortgage advisor. We’ll help you:
  • Find programs that match your finances and goals
  • Understand requirements and timelines
  • Gather the documents you’ll need
  • Complete your applications with confidence
We’ll explain everything in plain language — and yes, we have bilingual team members ready to help.
  • Yes — getting preapproved is one of the smartest first steps in the home-buying process. A preapproval:
  • Shows how much you can confidently shop for
  • Helps you understand monthly payments and costs
  • Strengthens your offer when you’re ready to buy
  • Signals to sellers that you’re serious and qualified
Our team can review your financial picture and get you preapproved quickly, so you can shop with confidence.
















Contact a Think Bank mortgage advisor

Our mortgage advisors provide personalized guidance from eligibility checks through application completion, keeping your financial wellness in mind.
To get started, call 1-800-288-3425 ext. 2507 to contact a mortgage advisor or visit a Think Bank branch for in-person help, resources, and tailored advice. We're here to help.

 
 

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Home financing is available to existing customers, or new customers who live or work in Minnesota, for primary residences located in AZ, FL, IL, IN, IA, KS, MN, MO, NE, ND, SD & WI.  MHFA loans only available in Minnesota.