Archive for the tag 'mn city programs'

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

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 […]

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No Comments downpaymentadmin on Feb 20th 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

Use of Funds: Brooklyn Park, Brooklyn Center, Champlin, Maple Grove, and Rogers/ Hassen Township Eligible Borrowers: 120% Median Income (1person 69,450.00, 2 person 79,400, 3 person 89,300, 4 person 99,250, 5 person 107,200, 6 person 115,100, 7 person 123,050, 8 person 131,00) Eligible Properties:Single Family Housing (detached, town homes, condos) to occupied as a principal […]

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No Comments downpaymentadmin on Nov 11th 2011

ANOKA COUNTY DOWN PAYMENT ASSISTANCE AT A GLANCE Terms and Conditions: Down Payment Assistance funds will be provided to eligiblerecipients in an amount not to exceed $10,000.00.Funds will be secured against the property as a 0% interest deferred loan for five years. In the sixth year repayment requirements of down payment assistance funds will be […]

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No Comments downpaymentadmin on Nov 7th 2011