This new program lets individuals or couples, parents and grandparents in Minnesota save money in a savings account to use toward the purchase of a first home.Read More about Minnesota’s First-Time Homebuyer Savings Accounts >
Efforts to help potential first-time home buyers save for down payments using special tax-favored accounts have been gaining traction in state legislatures.
Student loan debt is an increasing problem in Minnesota and across the United States. It is impacting life decisions for many young adults, millennials and yes, even Americans approaching retirement age.
The Minnesota legislature recently passed a new law that included the First Time Homebuyers Savings Account Act, which now allows individuals or couples to save the money they need in a tax preferred savings account to go toward the purchase of a home.
The Minnesota Association of REALTORS® is the voice for real estate in Minnesota. We are a state-wide trade association representing thousands of members involved in all aspects of the residential and commercial real estate markets throughout he state. The Minnesota Association of REALTORS® is the business and public policy advocate for its members and the consumers they serve.