The City of Eden Prairie Housing and Community Services Division assists residents with several types of home loan programs that offer zero interest, deferred and repayable loans.
• First-time home buying program – Zero interest deferred loans up to $ 10,000 are available to eligible first-time homebuyers who purchase a home in Eden Prairie. The funds can be used for a portion of the required down payment (up to 50%), closing costs (up to $ 5,000) and mortgage principle reduction (up to 10% of the price of the loan). purchase or $ 10,000). For more information visit shorturl.at/fzC48.
• Senior Emergency Repair Program – Forgivable loans of up to $ 5,000 are available to eligible residents aged 60 or over who are owner-occupiers of a home in need of emergency repairs. The funds can be used for repairs to water heaters, furnaces and central air conditioners, or for accessibility upgrades such as grab bars and handrails. For more information visit shorturl.at/xyBDI.
• Home Rehabilitation Loan Program – Zero interest deferred loans of up to $ 15,000 are available to eligible low and moderate income households to maintain, repair and improve homes in Eden Prairie. The funds can be used for new roofs, siding, windows, electrical, plumbing, heating and insulation. For more information visit shorturl.at/ansGL.