Weather Forecast


HOMe offers to help homebuyers

Local employers, nonprofits and economic development groups are working together to offer Homeownership for Me Down-payment Loans in Becker County.

This second-mortgage loan is available to qualified buyers for purchase of a home as their primary residence.

There are no monthly payments and is no interest on the loan, but it must be repaid when the home is sold or at the end of the first mortgage.

A loan is available to buyers who are employed in Becker County and who meet income guidelines. Guidelines for family sizes of one to four are below — larger families also are eligible.

Household size 80% AMI Loan Amount, 115% SMI Loan Amount:

• One person $33,950 up to $9,000, $84,200 up to $5,500

• Two people $44,500 up to $9,000, $84,200 up to $5,500

• Three people $50,050 up to $9,000, $96,830 up to $5,500

• Four people $55,600 up to $9,000, $96,830 up to $5,500

The program is being operated by Midwest Minnesota Community Development Corporation (MMCDC). In order to receive a HOMe loan, buyers must qualify for and receive a first mortgage through MMCDC or another source, such as local banks. Income limits are updated annually, based upon federal income guidelines.

"To help ensure long-term success, we are providing free homebuyer education to all HOMe borrowers," MMCDC President Julia Nelmark said.

The effort started with participation in the 2018 Housing Institute offered by Minnesota Housing Partnership, a statewide affordable housing nonprofit. Homeownership for Me resulted from their discussions, which focused in part on housing needs of the Becker County workforce.

"MHP's Housing Institute equips and empowers communities to address local housing challenges starting with one project," said Anne Mavity, Minnesota Housing Partnership executive director. "We're proud to have supported this amazing group of Becker County leaders as they turned their idea for the HOMe program into action."

Participants in the 2018 Minnesota Housing Partnership Housing Institute in Detroit Lakes included the Becker County Economic Development Authority, Essentia Health, the Detroit Lakes Regional Chamber of Commerce, Mahube-Otwa Community Action Partnership, the City of Frazee, the City of Detroit Lakes, Midwest Bank, Detroit Lakes Housing and Redevelopment Authority, and MMCDC. Current funding providers include Becker County EDA, Detroit Lakes Development Authority, Essentia Health, BTD, Arvig, and the City of Frazee.

For more information, contact MMCDC's Home Loan Division at 847-3191 or go to