Archive for the tag 'Minnesota Housing'

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

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

The answer is absolutely!!  There is a waiting period however.  Conventional financing is between 5 and 7 years, with extenuating circumstances it is 3 to 5.   Examples of Extenuating circumstances are due to death, illness, job transfer or accident resulting in severe injury. Generally, things that happen beyond your control and dramatically affect your ability […]

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No Comments downpaymentadmin on Oct 17th 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