Homeownership Is Still the
American
Dream.
We make it possible with
FHA or Minnesota's MHFA
First Time Home Buyer Mortgage Programs.
We are proud to make YOUR home buying dreams come true!
Owning your own home is a goal
most Americans continue to strive for, but in today's economy many
families are wondering if things have changed. Just a short time ago
everyone agreed that it was a seller's market, yet buyers were
everywhere hoping to get on the bandwagon while prices were appreciating
at double-digit rates.
Today that has all changed. The
sellers market has turned into a buyer's market. So where are all the
buyers? Mixed messages from the media, concerns about home loan
financing and the mortgage industry, and fears about selling an existing
home have all played a part in drying up the real estate market.
But the bottom line is
that homeownership is still a great choice for many, many families
today. Let us show you how!
Buy a home with a
$100 down payment!
Call me to learn about The
$100 down HUD / FHA REPO Loan or
APPLY ONLINE
Benefits of MHFA (Minnesota
Housing Finance Agency) State Assistance Mortgage
Loans
-
Below-market
interest rates
-
Interest-free loans
to help with down payment and closing costs as well as monthly
payments.
-
No extra fees
or discount points
-
30-year fixed
(Option of a 40-year term under the CASA program)
Three Mortgage Loan
Programs
Program Guidelines
To be eligible for a
Minnesota Mortgage
Program loan you must:
NOTE:
If the home you want is more expensive, or your income is above
the limits, you still have plenty of options with other loan products
such as
"My Community Mortgage", "Home Possible", "FHA", "VA", and "Flex
97".
Call for details!
Homeownership Assistance Fund (HAF)
The
Homeownership Assistance Fund (HAF) is available only to borrowers participating in
one of MHFA’s mortgage loan programs. The program provides
Entry Cost Assistance to help borrowers
with their down payment and closing costs and Monthly Payment Assistance,
which pays a portion of a borrower’s monthly mortgage payments during
the early years of the loan.
Borrowers qualify for HAF
assistance is they meet one of the following criteria;
-
Eligible for CASA
program
-
Single headed
household
-
Household of color
or hispanic ethnicity
-
Household contain
person(s) with disabilities
-
Borrowing
purchasing in a low income tract
-
Household
earns less than 60% of medium income
Interest free HAF loans are paid back
when the homeowner sells, refinances, no longer occupies the home or
pays off the first mortgage.
*
For MHFA loan
purposes, first time homebuyer is defined as anyone who has not owned a
home or an interest in a home in the past three years.
Email
Us
Equal
Housing Lender -
Our
services available only
for properties located
in Minnesota, Wisconsin,
and Florida.