FIRST TIME HOME BUYERS in Minnesota
Our first time home buyer programs are designed to assist those buying a home
for the first time. Our loan specialist will walk you through the entire
home buying process to insure that you never feel without an experienced
Mortgage loan programs like FHA Loans, VA Loans, FHA 203k
Loans, USDA Rural Housing, and down payment assistance loans of all kinds are designed to make it a little easier for first time home
buyers to achieve the dream of home ownership. We are a top lender in MN and
WI for all these Minnesota mortgage loan programs.
Pre-Qualify Online Now or call (651) 552-3681 to talk to a
licensed Loan Officer
Loans: Not just for first time home buyers, FHA/HUD encourages lenders
to help low- and moderate-income families become homeowners by lowering the
FHA mortgage insurance also encourages
mortgage companies to make loans to otherwise creditworthy borrowers and
projects that might not be able to meet conventional underwriting
requirements, by protecting the mortgage company against loan default on
mortgages for properties that meet certain minimum requirements--including
manufactured homes, single-family and multifamily properties.
- Minimal Down Payment and Closing Costs.
- Down payment just 3.5% of Sales Price
- Gift for down payment and closing costs allowed.
- FHA regulated closing costs.
- Seller can credit up to 6% of sales price towards
Easier Credit Qualifying Guidelines such as:
- Minimum FICO credit score of 640.
- FHA will allow a home purchase two
years after a Bankruptcy.
- FHA will allow a home purchase three
years after a Foreclosure.
Now for a Minneapolis Mortgage
VA loans for
Veterans. VA Loans require no down
payment, and have no mortgage insurance, plus you can roll all your
closing costs into the loan. This makes for one heck of a great first-time
home buyer deal for veterans. The country appreciates your service. This is
one way we pay you back. Today mortgage rates on VA loans are very low,
making homes even more affordable.
USDA Rural Housing Loans, a
lso called the Rural
Development Loan, is designed to provide ZERO Down payment rural home financing for
with low or moderate income who likely could not
qualify for more traditional financing. If you are looking to buy a home in a
rural area of Minnesota, or Wisconsin, this is a program you should ask our
mortgage loan specialist if you qualify.