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Emerging Markets Gap Financing

Emerging Markets Gap Financing

View/Download Flyer PDF

View/Download Program Guidelines PDF

View/Download Application PDF

Three Rivers Community Action has financing available to assist eligible buyers in southern Minnesota obtain homeownership. Eligible buyers can receive downpayment and closing cost assistance in the form of a 0% loan, with no payments due until the home is sold or refinanced.


Target Buyer 1: Diverse Households (racial and ethnic minorities) at or below 80% of State Median Income

Target Buyer 2: Single-headed households with children or households with a disabled family member at or below 60% of State Median Income


0% interest, 30 years, deferred, due on sale or satisfaction of first mortgage


Every loan amount is different, based on individual household need. Average assistance is $10,000. All loan amounts are determined by Three Rivers staff based on income, sale price, first mortgage approval, and housing expense ratio (target is 28%).


  • Three Rivers Homebuyer Application Form
  • Documentation of income for ALL members of household
  • Lender pre-approval letter
  • Purchase agreement
  • Completion of Homestretch buyer education class (for a list of classes, see www.hocmn.org )


Umbelina Treviño Cremer, 507‐421‐1214 • umbelina.cremer@threeriverscap.org