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Are there Special Loan Programs for Qualified 1st Time Home Buyers? Yes! Some of the benefits associated with Minnesota Housing include:
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Below Market Interest Rate
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$3,000 Entry Cost Assistance
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2 year Free Job Loss Protection
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Monthly Payment Assistance (1st 3 years) $75, $50, $25
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For More Information, call: 1-800-961-6706 #1848 Minneapolis & St. Paul City Living Financing Programs
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2%-4% Grant Assistance
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Subsidized interest rates
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You do not have to pay it back!
Additional Minneapolis Programs
American Dream Down payment Initiative
Sheridan Neighborhood
Folwell First Time Home buyer Assistance
Ventura Village Home buyer Program
Humboldt Greenway Assistance
Lyndale Neighborhood
Additional St. Paul Programs
Entrance Cost Assistance Loan (ECAL)
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Up to 6% of sales price or $10,000 (which is greater)
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Property located in Districts 3, or 5-9
Additional County Programs
Washington County FirstHome
Ramsey County FirstHome
Anoka County
City of Plymouth
To Speak to a Professional on this Call: 1-800-961-6706 ID#1848
It is very important to be properly pre-qualified and approved for financing prior to making offers on any listing particularly REO's. Prior to acceptance of a contract, the sellers/corporation always require verification of the buyer's ability to finance the purchase.
Several financing programs are available for the purchase of "as is" REO properties. We can provide you with qualified professionals to help you become pre-approved to purchase these properties.
FHA, VA, and many of the special financing programs available to homeowners require building inspections to evaluate the condition of the property. Seldom do the properties listed with "as is" addendum's such as REO's meet the requirements of these programs.
None of the Corporate Owned Sellers are willing to hold a second mortgages or do any seller carry backs.
All pre-qualifying financing letters for "as is" purchases must state that the lender is prepared to make the loan based on an "as is" appraisal.
To be connected to a qualified REO mortgage professional call 1-800-961-6706 ID#1848. |
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