Credit Score: Your credit score needs to be a minimum of 640 in order to qualify. If you have had a previous Bankruptcy, the discharge must be at least 2 years. A Prior Foreclosure or Short Sale needs to be at 3 years ago. Employment History: We look at your previous 2 years of employment […]
Archive for the tag 'minnesota first time home buyer'
Filed under City Programs,First Time Home Buyer Programs,Minnesota First Time Home Buyer
Woodbury First Time Homebuyer Program
Geographical Area: Woodbury Elgible Properties: Single Family Dwellings, Townhomes, twin homes or condominiums. Purchase Price must be below $256,500.00 Maximum Funds: $25,000.00 3% Interest. Interest is paid monthly while principal is deferred Availability of Funds: First Come First Served basis Repayment Requirements: Principal is deffered for 30 years or until sale of property, transfer of […]
No Comments downpaymentadmin on Feb 20th 2012
Filed under First Time Home Buyer Programs,Government Loan,Minnesota First Time Home Buyer,MN First Time Home Buyer
Zero Down Program with Rural Housing
We have many clients asking if there is anyway to do 100% financing still. The answere to this question is YES! With the use of Rural Development loans you are able to do 100% financing for properties in certain geographic locations. If you would like to check out if the location of a property will […]
No Comments downpaymentadmin on Nov 22nd 2011