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Yes, some things really are free – if you qualify. Minnesota Housing Finance Agency, Dakota County Bond Program, the City Living Program for the cities of Minneapolis and St. Paul and a number of other first time home buyer programs are available, through Cornerstone Mortgage Company of Burnsville, for eligible first time home buyers. What makes you eligible and what are the benefits? Read on!
Down payment assistance programs for first time home buyers and FHA 203K loans are common needs in today’s mortgage market as minimum down payment requirements and closing costs, along with necessary home repairs are often the largest barriers that first time home buyers have in purchasing a home today.
Every month, we help people buy their first home and get mortgages for their first homes and we know what you need to know as you venture into the process of buying their first home. You’ve got questions and we have answers. Whether you’re looking to buy your first home now, or a year from now, we’ve structured a first time home buyer class that helps you be prepared when you’re ready.
Carrie’s mission in business is to support those who strive to succeed in the Real Estate Industry. Whether you’re a Real Estate Agent looking to grow your business or your personal team, or a Mortgage Loan Originator looking to take your business to the next level, Carrie is committed to helping the people with whom she is partnered.
No, we are not selling anything, but inviting you to take advantage of programs that could be the key to you owning your very own home. This clip that was KARE11 mentions that there are over 50 different down payment assistance programs and closing cost assistance programs available to first time home buyers.
The Minnesota Housing Finance Agency and MN Home Ownership Center want you to know help could be available to you if you are a Minnesota homeowner dangerously close to foreclosure. The Emergency Homeowners Loan Program (EHLP) will give 1,405 selected Minnesota homeowners up to $50,000 each in interest free loans over the next two years to help them catch up and keep up with their mortgage payments.
You have a chance to make your voice heard! The government who heavily regulates the mortgage industry, has decided to once again change the loan disclosures that you see before you agree to a mortgage. Tell them which of the two new proposed loan disclosure forms is better.
If the appraisal doesn’ meet or exceed the purchase price, you will not be able to finance the property as planned. You will need to cover the difference between the appraised value and the purchase price in cash. In most circumstances, this is not an option.
We all like good news at the end of the week, so here is today’s great news: The interest rate on the Minnesota Housing Finance Agency’s (MHFA) Minnesota Mortgage Program (MMP) have dropped to 4.25%!** If you qualify for down payment assistance through MHFA, your rate on the Community Activity Set-Aside (CASA) is a low 4.625%** on a 30 year fixed loan.
Good news! Minnesota Housing Finance Agency (MHFA) just announced that their rates for the MMP program for first time home buyers has dropped again! FHA buyers using the MMP program will now enjoy a 4.375% interest rate!! To find out if you qualify, complete this quick and painless online pre-qualification worksheet.
Watch this video for information on the upcoming First Time Home Buyer Class
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