Archive for the tag 'downpayment assistance mn'

It is actually pretty easy to build credit. Try one of the following ideas: Ask your bank or credit union about a secured credit card. You can make a deposit to your account and have a credit limit in the amount of your deposit. The bank takes little risk and you build credit slowly. Use […]

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No Comments downpaymentadmin on Oct 30th 2012

Debt Ratios First, look at your monthly gross income, before taxes and contributions. This is how much you make per month, not how much you take home. What you take home is net income. • Front-End Ratios Lenders use what is called a front-end ratio, which is reflected as a percentage of your gross monthly […]

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No Comments downpaymentadmin on Oct 26th 2012

Home Ownership Works is designed to address the goal of providing home ownership opportunities for households who otherwise would have difficulty in attaining home ownership. * It provides decent, long term affordable home ownership opportunities for households who would normally experience challenges in achieving home ownership. * Address the problem of vacant and deteriorated structures […]

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No Comments downpaymentadmin on Feb 9th 2012

Share This: January 24, 2012 2012 Single Family Program Income Limits Please find the following Single Family Program Income Limits that have been updated for 2012 for funding on or after January 24, 2012. All single family program income limits may be found on the Minnesota Housing website. Minnesota Housing bases income limits on data […]

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No Comments downpaymentadmin on Jan 25th 2012

When determining your credit score there is five key components. 1.Payment History– Paying your credit cards or revolving accounts and installment loans like car payments and student loans on time is important. They will report favorably to your credit as long as you pay your bill before it is 30 days late. If you make […]

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No Comments downpaymentadmin on Dec 12th 2011