Minnesota mortgage and home loan info for first time buyers, MN down payment assistance and more
If you are first time home buyer in Minnesota I have something you need to see. I have obtained an updated list of all the special first time buyer programs available in the Twin Cities. There are fifteen of them, including several from Minnesota Housing, whose products I have used and endorsed for many years. [...]
The 2010 City Living program for first time home buyers in Minneapolis and St. Paul was rolled out today. There are two options on this program, just like there used to be for anyone familiar with the program. For either option the buyer can get a FHA or VA loan–no Conventional mortgages.
Option 1 is a [...]
Want to take advantage of all these great bank owned deals? Frustrated that all the assistance seems targeted to just first time buyers because you actually bought a home before? Now there is some good news for you.
Most programs offering assistance to buy foreclosed homes are limited to first time buyers. Not this one! The [...]
The City of Woodbury has created a program to provide down payment and closing cost assistance for first time home buyers. This is assistance done a little differently. The assistance is given as loan that actually has a monthly payment to it, which none of the other assistance programs require.
It’s still a great deal though. [...]
Foreclosure Remediation Buyer Assistance Program
Foreclosure has affected some suburban Ramsey County communities more than others. Federal Neighborhood Stabilization Program funds are being made available to strengthen neighborhoods where greater numbers of foreclosures have occurred. FirstHOME Buyer Assistance funds continue to be available to first-time buyers of suburban properties throughout Ramsey County.
Under the Ramsey County Opening [...]
UPDATED POST
The basics of the program work like this:
must be a first time buyer
who works in a specific job or field
earns less than the income limits
buys in the city limits of St. Paul, MN
can put in a down payment of 1.75% of the sales price.
$5,000 is basic assistance, $10,000 if it’s a bank owned home [...]
A while back I had written that the Silver Lining down payment assistance program in Dakota County had a fatal flaw to it, which rendered it essentially useless. I did point out that it was actually not their fault, as the flaw was created by the Federal Government’s requirements on the program.
I want to give [...]
Remember the movie “Big Trouble in Little China?” Well, here’s a new tale of woe to tell–not quite worthy of it’s own movie but at least a blog post here.
You know all those special Minnesota first time home buyer loans everyone always wants to take advantage of? The same loans that I’m talking on the [...]
First time buyers are going to dominate the housing market once again in 2009. But, this time it’s going to be even better for them than 2008. Why? Because one of the biggest problems from last year has been solved.
So many of the great deals listed for sale that are attractively priced for the Twin [...]
Are there really special loans available for First Time Home Buyers (FTHB), and are they as difficult to find as the Loch Ness Monster?
Yes these loans exist, and with the right guidance they’re not difficult to find. They come in several different flavors, so matching your individual needs with the available opportunities is the key [...]
