Owning your own home in the Minneapolis or St Paul area is a goal most Americans continue to strive for, but in today's economy many families are wondering if things have changed. They have. Just a short time ago everyone agreed that it was a seller's market, yet buyers were everywhere hoping to get on the bandwagon while prices were appreciating at double-digit rates.

When you decide to buy a home or refinance a mortgage in Minneapolis, St. Paul, or the surrounding areas, your search for a home loan or mortgage should start and end here.  With so many lenders to choose from in the greater metro area, and nationally, you need to choose one you can trust to find the mortgage loan that’s best for you. Plus, as a Home Buyers Scouting Report Preferred Lender, you have access to the most amazing home search tool with FREE MLS ONLINE access.

First Time Home Buyer
Complete First Time Home Buyer Resources.

View printable MN First-Time homebuyer loan information sheet

All  the information you need to buy your first home: Down Payment Grants, Low-Interest Loans, Credit Assistance, and Expert Advice

As a potential Minnesota first time home buyer, you may feel a little overwhelmed with the entire process of buying your first home. Our goal is to empower you with the information and resources necessary to give you the confidence and financial help needed to make the dream of buying your first home become a reality. The more you know about the home buying process, the more likely you will be able to purchase the home of your dreams. For instance, the largest hurdle most first time home buyers face is saving the funds necessary for a down payment. Did you know that nearly every state has a program to help first time home buyers with the down payment? Some of that help is in the form of outright gifts: grants that never have to be repaid. In addition to state programs, there are also Federal programs available. There are literally dozens and dozens of programs available to the first time home buyer.  We cover it all within the pages of this site, and provide complete contact information for you. We sincerely want you to be able to buy your first house and enjoy all the wonderful benefits that home ownership brings.

MN First Time Home Buyer Grants

As previously mentioned, most states have programs to help first time home buyers with down payment and closing cost assistance. Sometimes this help is in the form of low-interest loans, and other times the help is an outright gift: grants. A grant is simply a gift to be used for a specific purpose. Governments want to help people of more modest means experience the many benefits of home ownership. Money is budgeted each year to government agencies for that very purpose. Depending on your income level, you may qualify for a state or federal first time home buyer grant. With so many different programs and guidelines, it is virtually impossible to list them all here. We highly recommend that you fill out our no obligation First Time Home Buyer Mortgage Application, so we can zero in on you, and your individual situation. For many first time home buyers, grants are the deciding factor in being able to buy their first home.

MN First Time Home Buyer Programs

Nearly every state has a first time home buyer program. Most states provide educational courses that explain in detail all of the programs (including grants and low-interest loans) available to first time home buyers. Some of these courses are free and some are available for a very small nominal fee. The programs vary from state to state, city to city, and county to county and are described in detail at First Time Home Buyer Programs in Minnesota. Many states have programs for Down Payment Assistance.

Minnesota First Time Home Buyer Loans

While interest rates have not moved up substantially since reaching 40-year lows of a couple years ago, they are still a major cost factor in buying your first home. The good news is that most states provide low-interest loan programs for first time home buyers. Depending on the state, the savings can be huge compared to conventional mortgage loans. To find out what is available to you, go to First Time Home Buyer Loan.

Minnesota First Time Home Buyer Tips

You may be already be somewhat familiar with the process of buying a home. However, the more you learn, the more you will benefit from your knowledge. This section provides tips for first time home buyers covering all aspects of the home buying process. Everything from the things you should and shouldn't say to a loan officer to contract contingencies in a purchase and sales agreement to rebuilding credit is covered in detail in this section. And if you have a question that isn't covered, you can email us and we'll do our best to respond in a timely manner.  Most first time home buyers have many questions throughout the home buying process. We are constantly receiving new questions. If you have a question that isn't in this list, please E-Mail us. Remember, we lend in Minnesota and Wisconsin only, so we can't help you with question about other states.

MN First-Time Home Buyer Home SEARCH Tool

All this information is great, but don't you want to just look at homes for sale? There are many different ways to search for homes online. Most people in Minneapolis, St Paul, Duluth, Rochester, St Cloud, Austin, Marshal and the rest of Minnesota visit different Realtor sites to start their search, then eventually end up contacting a Realtor to physically look at homes once they've narrowed their online search down. Using multiple sites is really unnecessary, as every home is listed in the local MLS (Multiple Listing Service) so every listing is available from every Real Estate Agent.

So STOP wasting time going to different Realtor web sites where you are shown the same homes over and over again when you can get your own FREE private password protected access to search the MLS. Never again be show the same house twice, as this system knows you. Get automatic updates that you control to homes that fit your search criteria, and more. If your using the internet to search for homes, you might as well use the best search system available!

MN First-Time HomeBuyer Guide

If you are looking for a complete guide that outlines the entire process, step by step,  of buying your first home, then download our FREE book call "The COMPLETE Home Buyers Guide to Financing Your Home"

More MN First-Time HomeBuyer Resources

There are other miscellaneous resources available to the first time home buyer that are found all over the internet, but the reality is that there is no substitute for a great first time home buyer experience than working with true professionals in the industry. The two main people that make it all come together are a real estate brokers that specialize in working with first time home buyers, and a mortgage loan officer that is experienced in first time buyers, and who has access to all the first time buyer programs, assistance, and grant programs available.

Luckily, you've landed on a web site that can handle both for you, and it all starts with a simple no obligation application. Get started right now from the comfort of your home by filling out our first time home buyer mortgage loan application. There are no obligations.