Down Payments

We understand that owning a home is a significant milestone, especially for the Muslim community. We are committed to providing you with financial solutions that align with Islamic principles, ensuring a seamless and Halal home-buying experience.

Sharia-Compliant Loans

We offer Sharia-compliant financing options that adhere to Islamic laws, eliminating the need for interest-based loans. Our goal is to support you in achieving homeownership in a way that respects your values and beliefs.

Up to $50,000 Assistance

We recognize that saving for a down payment can be challenging. To ease this process, we provide up to $50,000 in down payment assistance. This support is designed to help you take that crucial step towards owning your dream home without the financial burden.

How much down payment do I need?

This is a common question for anyone considering buying a house. The required down payment in Minnesota varies based on the loan or mortgage product you choose. Some mortgages require as little as 3% of the home's purchase price, while others may require more. It can often feel challenging to gather this amount on your own. Our down payment assistance programs can help. You may be eligible for thousands of dollars to help with your down payment, making homeownership more attainable. These programs are available to both first-time and repeat buyers.

Note: Minimum credit score requirements apply. Household income cannot be manipulated (e.g., quitting a job) to qualify.

Options for down payment assistance

We offer several programs to help homebuyers with their down payment. They include:

Community Keys Plus (Hennepin, Ramsey, Washington, Dakota, Anoka)
City of Shoreview Down Payment
City of Woodbury First Time Homeownership Program
Bloomington Homebuyer Mortgage Assistance (HMA)
Hennepin County HRA Homebuyer Assistance
Minneapolis Homes: Access Down Payment Assistance
MMCDC First-Generation Down Payment Assistance (statewide)

*Contact Us for More Info About These Programs