Currently viewing the tag: "Minnesota Housing Finance Agency"
HUD Homes are homes that are owned by The US Department of Housing and Urban Development as a result of a foreclosure on an FHA insured mortgage. HUD’s process is a little bit different than that of other lenders of bank owned property and you will absolutely need an expert real estate agentand mortgage professional representing you to submit a bid on a HUD property.
We’ve collaborated with some of the best real estate and mortgage professionals in Minnesota along with some excellent service providers to bring Minnesota home buyers and sellers the information they need to start the process of buying or selling real estate in Minnesota.
Our monthly slate of classes for home buyers and sellers has been on-going for over six years and meets the growing demand for up-to-date, accurate real estate and mortgage information.
We’re introducing the newest class to our series of monthly classes on real estate and mortgage lending. All of our classes are 90-minute, no-cost, no-obligation classes designed to assist home buyers and now sellers in today’s real estate market. The landscape of Minnesota real estate and mortgage financing has changed significantly in the past few years. During this seminar we will touch on a number of “new normals” for today’s home buyer and seller.
If you’re a first time homebuyer, this is a must read! There are programs available with down payment assistance, closing cost assistance and even money to fix-up the home you’re looking to buy if it’s not quite “move-in ready”.
There are two major gaps for first time homebuyers to purchasing their first home today – credit and cash. With programs offered through Minnesota Housing Finance Agency that cover the whole state, Counties like Dakota or Anoka County, and Cities like Minneapolis, Saint Paul and Woodbury; you could be in a situation where you qualify to buy your first home for $1,000 out-of-pocket.
MN Housing Finance Agency Programs with lower than market 30 year fixed rates and up to $10,000 in closing cost and/or down payment assistance, plus special financing options for fixing up minor items that may need updating or repair with a unique 203K program designed with the first time homebuyer in mind.
Linda was referred to our office by a past client. Linda had been preapproved with another mortgage company that never even mentioned programs that would clearly benefit her. Linda qualified for a first time home buyer loan through Minnesota Housing Finance Agency. She qualified for down payment assistance and closing cost assistance. Of course the other mortgage company never said anything to her. They didn’t offer those programs. The reality is that Linda has found a home, financed through Cornerstone Mortgage Company, received up to $15,000 in down payment and closing cost assistance, and is now a very happy homeowner.
Keep in mind, no matter where you are in the Minneapolis/Saint Paul Metro Area, there are special financing options available for first timehomebuyers . In fact, we offer Minnesota Housing Finance Agency loan programs and down payment incentives throughout the entire state of Minnesota. Whether you are buying in Dakota County or if you’re looking in Duluth, Ivanhoe, Rochester or Albert Lea – we have access to a program that can help you own home.
Watch this video for information on the upcoming First Time Home Buyer Class
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