Down Payment Assistance

The Coon Rapids Mortgage Assistance Foundation (CRMAF) has funds available to help with costs associated with purchasing a new home.

Loan Terms

  • Loan amounts up to $5,000
  • 0% APR
  • Income limit of 110% of AMI based on household size
  • The loan is deferred until the property is sold, transfered or is no longer owner-occupied
  • Financing is secured by a mortgage on the property
  • Closing costs apply
  • Prior to closing the homebuyer(s) MUST attend a Home Strecth workshop or other valid homebuyers course offered througn an approved counseling agency by the US Department of Housing and Urban Developmnent (HUD).

Property Eligibility

This program:
  • 1-4 unit
  • Must be owner-occupied
  • Single family, townhomes, twinhomes, condominiums, and properties held in a trust are eligible
Contact The Lending Center to start the application process.