Here’s a great beginning for your holiday weekend –
The Dakota County CDA has announced a rate change for the first mortgage. The new rate is 4.75% for all loans reserved beginning July 2, 2010 and continuing until further notice.
The Dakota County CDA offers 2 different loan programs that can be used together to benefit first time home buyers. MN Home Loan Partners is one of the approved providers for the First Time Home Buyer Program that allows home buyers a low fixed rate (new rate of 4.75 as mentioned above). First Time Buyers that meet the income limits may qualify if they are purchasing an existing home in Dakota County or new construction in the following cities: Apple Valley, Burnsville, Eagan, Empire Township, Farmington, Hastings, Inver Grove Heights, Lakeville, Mendota Heights, Rosemount, South St Paul, Sunfish Lake and West St Paul.
Home buyers accessing the Dakota County CDA First Time Home Buyer Program can also apply for the down payment and closing cost assistance loans of up to $10,000 depending on household income. These down payment and closing cost loans are at zero percent interest rates and there are no monthly payments. The loan gets repaid when the primary mortgage is paid off, sold, or refinanced. Check our Dakota County CDA blog post for income limits.
To find out if you are eligible for the Dakota County programs available, contact us.
Would you like to learn more about how to qualify for a mortgage? Contact Carrie Guarrero Today!
Carrie Guarrero is producing Regional Manager and Vice President of Cornerstone Mortgage Company in Burnsville, Minnesota. If you are looking for Burnsville real estate, contact Carrie first!
Popularity: 14% [?]
If you enjoyed this article, please consider sharing it!
