Archive for the tag 'MHFA'

Rural Development (RD) Loans A USDA guaranteed Loan is government-insured 100% purchase loan. These loans are only offered in non-urban areas and serviced by direct lenders that meet federal guidelines. USDA Loans – They’re NOT for Farmers! A USDA home loan has nothing to do with agriculture. USDA Loans used to be considered “farmers loans” […]

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No Comments downpaymentadmin on Nov 30th 2012

Cyber Monday is all about getting the best deal on those dream gifts. What better “dream gift” is there, than buying a new home instead of renting and paying someone else’s mortgage. Did you know you are probably paying more in rent than you would be owning? Our Cyber Monday special goes on every day […]

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No Comments downpaymentadmin on Nov 26th 2012

Federal Housing Administration (FHA) Loans FHA loan programs are designed primarily for first-time home buyers and others with moderate incomes that have not yet been able to save the cash needed for down payment amounts. A program insurance charge is rolled into the monthly payment amount to support this program and typically ends as the […]

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No Comments downpaymentadmin on Nov 8th 2012

First time home buyer loans allow buyers to get into a house more easily. However, just because you’re a first time home buyer doesn’t mean you qualify for a first time home buyer loan. These programs have income limits and strict underwriting guidelines. While they are a perfect fit for some, first time home buyer […]

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No Comments downpaymentadmin on Oct 24th 2012

  Government Loans What is a Government Loan? A number of loan programs are sponsored by the federal government to assist American families to become homeowners. The programs are structured to insure various loan types, allowing lenders to approve loans for more people. The most popular government backed loan programs are the Federal Housing Administration […]

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No Comments downpaymentadmin on Oct 11th 2012

On February 1st Minnesota Housing interest rates have dropped.  Please feel free to click on this link to see what is availiable http://www.mnhousing.gov/consumers/rates/index.aspx.  If you are in the market to purchase now may be a great time to act.  Remember you must be a first time homebuyer to use this program.  That means you can […]

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No Comments downpaymentadmin on Feb 3rd 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