We didn’t need the Trulia American Dream Survey to tell us that homes priced in first time buyer price ranges are in short supply in MN and there were a lot of multiple offers in that price range in the Minnesota home buying market in 2012. Your home may be in demand, have you thought about a move?
If you’re a seller today that isn’t sure you’ll have enough down payment for a new home if you sell today, there are programs that may help you! MN Housing released an all new non-first time home buyer program in December that could allow you to qualify for down payment assistance on your next home of up to 5% of the purchase price.
The kids do it every year until they graduate from high school, and due to what’s gone on the last couple of years in the mortgage industry and real estate markets, adults need to do the same. Even if you’ve purchased one or more homes, completed a refinance or even invested in real estate, many rules and aspects of the process have changed.
Many first time home buyers aren’t thoroughly educated about the process of buying a home, let alone what happens after they close on their home loans. I often get the question, “What do I need to do after I close on my home?”. Being a prepared home owner and understanding what to watch for an what comes in the year following closing is important for your sustained success as a homeowner.
Seriously, we don’t want to see cash in a mortgage transaction. In fact, we can’t use cold hard cash, but we will need to verify your assets and there are some, like cash, that aren’t acceptable sources for down payment or closing costs. There are other sources, like gifts, down payment assistance or closing cost assistance for eligible first time home buyers that may surprise you!
Carrie and Steve deliver all of the key elements you need to know about buying your first home in Minnesota today in a relaxing and fun atmosphere. It’s an excellent time to consider buying your first home in Minnesota. Whether you’re ready to start the process of looking for your first home now or you’re simply considering whether buying your first home is something you should do, this first time home buyer class will help you prepare for the necessary next steps.
If you’re dreaming of a white Christmas, it doesn’t appear like you’re going to get your wish this year. I know it’s tremendously un-Minnesotan of me, but at this stage, I’m a-okay with that fact. Don’t hate me, but I’m a more than a little okay with cheating winter out of a month. I just hope it doesn’t catch us on the flip side and we have snow into May. However, if you’re dreaming of buying your first home in Minnesota this winter, that could be a reality and there are a number of First Time Home Buyer Programs that could help make your wish come true in this New Year we are about to embark upon.
These are a few of the commonly asked and answered questions during our first time home buyer class each month. If you have additional questions and you’re considering buying your first home in Minnesota, our First Time Home Buyer Class is a great place to start.
Treats for First Time Home Buyers in Minnesota! You need to know that there are real, secure, excellent resources for first time home buyers in the Minnesota today. There is no trick – other than talking to the right people about your home loan and buying real estate in today’s Minnesota home buying market.
Watch this video for information on the upcoming First Time Home Buyer Class
MN First Time Home Buyer Class
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