There is a serious shortage of inventory in the metro-area housing market. Buyers and real estate agents alike are frustrated. The newly-introduced Minnesota Housing Finance Agency (MHFA) Step Up program has the ability to help home owners who would like to improve their situation but didn’t think they could and bring more homes to the market in price ranges in high demand.
Minnesota Housing releases their all new program guidelines for their first time home buyer programs today. A lot has changed, and these first time home buyer programs will allow for more Minnesota home buyers to qualify for down payment assistance. If you’ve been told that you’re income is too high to qualify for a first time home buyer program in Minnesota, you may want to take another look at these new programs. The income limits have increased!
Minnesota Housing Finance Agency has released their new loan program guidelines!
First time home buyers and home buyers looking to move into a different home will benefit from these new Minnesota Housing Programs to be released in December!
The combination of the new HARP 2 Underwater Refinance Program for those with Fannie Mae or Freddie Mac owned mortgages and FHA’s updated mortgage insurance premiums for their refinance program could help a large number of faithful Minnesota homeowners who have been patiently – or not so patiently – waiting for options to refinance their underwater mortgages and take advantage of today’s record low interest rates.
FHA is changing the way they calculate mortgage insurance – again. I recently wrote a post about home buyers who are fence sitting and this is simply one more reason why moving forward this month may make sense for home buyers who are using FHA financing.
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.
Real estate radio programs are all over the airwaves today. Our show is truly designed to educate you about what you need to know in today’s mortgage and real estate market in the Twin Cities and answer questions about your own real estate and mortgage needs, and, it’s brought to you by experts.
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.
There’s been a lot of fodder surrounding the new legislation that will require 20% down payment for homebuyers. This is not that cut and dry and of course, our legislators are not looking to require all homebuyer’s meet a 20% down payment on a home.
Watch this video for information on the upcoming First Time Home Buyer Class
MN First Time Home Buyer Class
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