Southern Ridge · St. Cloud, Minnesota

Own a brand-new twin home for $351,000

With up to $66,000 in down payment assistance for eligible households through regional homeownership programmes.

Preliminary check only · No impact on your credit score

A clearer path to ownership

Up to

$66k

Potential combined assistance for eligible buyers of the first five homes.

4 bedrooms · 3 bathrooms · 2-stall garage

Southern Ridge · St. Cloud, Minnesota

Own a brand-new twin home for $351,000

With up to $66,000 in down payment assistance for eligible households through regional homeownership programmes.

Preliminary check only · No impact on your credit score

Your purchase path

$351,000

Home price

- $48,000

MHFA Forgivable Assistance

- $18,000

Additional downpayment assistance

$285,000

Net purchase price for qualified homebuyers

Homeownership support through

Assistance designed around your financing gap

Two possible pathways to your new home

You may not need the full amount. Support is matched to the gap between your mortgage approval and the home price, subject to eligibility and funding availability.

01

CMHP assistance

Up to

$48,000

Potential down payment support to help bridge the gap between your mortgage qualification and the $351,000 purchase price.

02

CMHP + NeighborWorks

Up to

$66,000

Eligible buyers may combine CMHP support with up to $18,000 in additional assistance through NeighborWorks Home Partners.

Assistance is not automatic and may not equal the maximum shown. Final eligibility, terms and funding are determined by the relevant programme administrators.

Southern Ridge Twin Homes

New space for the life you are building.

A thoughtfully designed, energy-efficient twin home in South St. Cloud, with generous family space, modern interiors and a landscaped yard.

4

Bedrooms

3

Bathrooms

3

Stall garage

$351k

Home price

The homebuyer journey

From “Is this possible?” to your new front door.

Dreamliner Estates, your Realtor, lender and regional housing partners work together to guide you through each stage.

Show interest

Tell us about your household and homebuying goals.

1–3 business days

Get pre-approved

Work with your lender or a participating lender to understand your mortgage range.

About 1–2 weeks

Confirm eligibility

Complete the programme-specific 80% AMI income review.

Documents required

Choose a pathway

Match your financing gap to the available assistance option.

Education may apply

Underwrite & close

Complete final approvals, sign your purchase agreement and close.

Allow up to 45 days

Start with a simple check

Could assistance bring this home within reach?

Share a few details for a preliminary screening. A member of the Dreamliner Estates team can then guide you towards the appropriate next step.

Preliminary eligibility check

This tool provides a preliminary indication only. It is not a mortgage approval, guarantee of assistance or final income determination.

HAVE YOUR CONCERNS ADDRESSED

What buyers often want to know.

Homebuying programmes can feel complicated. Here are clear answers to help you understand what may come next.

Assistance is tailored to your financing gap. You would use only the amount required to bridge the difference between the home price and your approved mortgage, subject to programme guidelines and available funding.

It depends on the assistance pathway. Under the proposed NeighborWorks pathway, you may not need to be a first-time buyer, but you cannot own another residential property at closing.

Mortgage pre-approval often takes one to two weeks. Buyers using both assistance programmes should allow approximately 45 days from a complete application to closing, depending on document readiness.

Programme income reviews may include wages, overtime, commissions, self-employment income, pensions, some benefits and support payments for adults who will live in the home. A programme specialist will make the final determination.

Pathway 2 is expected to require eight hours of approved homebuyer education completed before the purchase agreement, with the certificate dated within 12 months of closing.

The proposed programme guidance permits co-signers and non-occupant co-borrowers to help strengthen an application. Final approval remains subject to lender and programme requirements.

Request a Consultation

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