A lot has been written about the down payment assistance funds available in Minneapolis neighborhoods hit hard by foreclosure. Although I'm a loyal urban girl myself - I also know a lot of buyers aren't interested in living in the City for a variety of reasons - their work isn't here, their friends aren't here, or perhaps they just want a house on a larger lot than you typically find in the City.
In researching down payment assistance programs, I recently found one specifically for folks who work in Ramsey County and who want to live in suburban Ramsey County. Some income restrictions apply, and you have to be a first time buyer - but you might be surprised at the details. One of my buyers can qualify for up to $20,000 of down payment assistance to bring the monthly payment down to 30% of the buyer's monthly income.
For more information on the program, drop me a note via my website at www.stephaniegruver.com or at firstname.lastname@example.org