CLICK to APPLY Securely 24/7     We are an APPROVED Minnesota MHFA First time home buyer loan provider.While Mortgages Unlimited is an FHA Approved Lending Institution for Minnesota and Wisconsin. we are NOT acting on behalf of or at the direction of HUD/FHA or the Federal government.  

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Serving the Minneapolis St. Paul area, all of Minnesota, and Wisconsin

(651) 552-3681
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First time home buyers in MN and WI - DON’T PAY ANOTHER CENT IN RENT !
- First time home buyer programs in Minnesota.
- Down payment and Closing cost grants and assistance programs

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It is the dream of everyone to own their own home. Many potential home buyers in the Minneapolis, St Paul, Duluth, Rochester, Madison, Milwaukee areas, and throughout all of Minnesota and Wisconsin who think they can't, actually CAN qualify for a great home loan, with great mortgage rates, and mortgage loan program right for them!

If you’re like most renters, you rent because you THINK you can’t afford a home,  you don’t have down payment money, or you simply won’t qualify for a loan. To make matters worse, you feel trapped within the walls of a house or apartment that doesn’t feel like yours.  How could it when you’re not even permitted to bang in a nail or two without a hassle!  You feel like you’re stuck in a renter’s rut with no way of raising up and out of it and owning your own home.

Well don’t feel trapped any more! I have already helped hundreds of local renters get out from under their landlord’s finger, and more into a wonderful home of their own!  You too can make this move by calling today for important details. 

If you have a 640 or better credit score, and at least a few thousand dollars to invest in your new home, you should apply online or call me at (651) 552-3681.

Stop wasting thousands of dollars on rentApply right now, and be in your own home next month!

Purchasing a home for the first time is truly one of life’s milestones. Homeownership is a worthy goal, and thanks to a variety of available financing options, it is a goal that is now in reach for more people. Today’s low mortgage rates make this a historically attractive time to buy, and new loan programs have helped to make the home loan application process simpler than ever before. Like any important goal in life, homeownership is a substantial responsibility, and there are a number of critical steps necessary to make the dream of buying that first home a reality. We specialize in helping first-time homebuyers of all kinds who have demonstrated that they are a worthy to own a home. For example, if you are comfortably paying rent, have OK credit, and have one year of rental history, you very well could be a homeowner.

While everyone’s individual financial situation varies, you need to make sure financing is in place BEFORE you start looking at homes or talking to Real Estate Agents. This is where we come in.

Get Started - It's Easy
  1. Apply for home loan financing
  2. Get Pre-Approved
  3. Start looking at homes for sale with Realtor
  4. Make Offer
  5. Get your Keys!
  6. Enjoy
First time home buyer assistance application

Zero Down? No problem. We have some programs for that too, like USDA Rural Development, and VA home loans for Military

 
 
Afraid of the process? We will hold your hand from A to Z. The prospect of home ownership is clearly rewarding; however, the process of applying for a home loan and selecting a property can seem daunting – especially for first-time buyers. It really isn't. We assist consumers in understanding and navigating the details of home loan application, and answering ALL of your questions. It all starts with Applying For Your Loan with our FREE NO COST one hour home loan decision system!
 
Once you have applied, we will walk you through all your options, and make sure you know What To Expect, although the actual approval process is fairly straight forward. Plus, if you need or want to attend a first-time home buyer class in MN, we can help you with that too!
 
When we are done, we will issue you a "pre-approval" letter, and put you in contact with a qualified, real estate professional who will help you find, negotiate, and close on your dream home. Many people go from renter to owner in as little as 45 days!
 
We have countless first time home buyer success stories on file... Let us make YOU our next one!

Stop renting. Start building your financial future, and get all your home owner tax benefits! We can show you how you'll be able to afford a home sooner, and you'll probably be able to afford more home than you think! 

Buying a home is something we all dream about, usually for years. You may not have been able to save for a down payment, and therefore figured you could not buy a home. For some, a down payment is not always required. With a zero down mortgage, the amount of loan you can qualify for is determined by your ability to make your monthly payments rather than how large a down payment you've saved.

You'll never know if you don't apply right now! Let us help you explore all your mortgage options.

We specialize in helping first-time homebuyers of all kinds  We look forward to helping you!

Even if you are just starting to think about buying a home, give us a call or fill out an application 24/7. In about 10 minutes over the phone, we can tell you if you qualify. This service is absolutely FREE and takes just minutes. You have nothing to lose - except the chance to own your own dream home! So call now, because the call could be your first step in becoming a homeowner.

Ready? Click here to Get Started by filling out our home loan application.

THE BOTTOM LINE: It isn't as scary as you think. If you want to buy a home, we probably have a program that will work for you. There are no costs or obligations to apply for great home loans and low mortgage rates on your first time homebuyer loan in Minnesota and Wisconsin


Grants, and Down Payment Assistance Programs For First Time Home Buyers

Down payments for residential real estate purchases come in a variety of forms including your own money, grants, forgivable and deferred interest free government loans. You can also use retirement account loans, and everybody’s favorite, borrowing from your family. Having your own money for down payment is always best, but if you have limited funds, grant and down payment assistance programs are available and vary greatly by city, county, state, and federal rules, along with the property location.

 

Many are offered by non-profit organizations funded by federal and state governments as incentives for homeowners to purchase in a particular area or city. Below if a list of some programs. Apply Online right now so that one of our professional Loan Officers can see which down payment assistance program in MN or WI is best for you.

 

The source of a down payment on your Minnesota or Wisconsin home loan may have implications on your overall financing options. Therefore make sure you have your loan officer involved early on when reviewing down payment options. We would be glad to help you with this process and any questions you may have along the way.

MHFA has BELOW MARKET Interest Rates

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Minnesota Mortgage Program
Government Rate WITH 3.5% Down

Homeownership Is Still the American Dream

We are proud to make YOUR Minnesota home buying dreams come true.
We make it possible with FHA loans, USDA Rural Development Loans, County First time home buyer loans, City Living Program, or even Minnesota's MHFA Home Buyer Mortgage Programs.

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.

Today that has all changed. The sellers market has turned into a buyer's market leaving some pretty amazing deals - especially for first time buyers!

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

FHA Approved Lender

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 Assistance and 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.

We underwrite, close, and fund all loans in-house which saves you a tremendous amount of time processing your loan. First home buyers must Get-Pre-Approved and have a preapproval letter in your hand before you start looking for a home. Call us at (651) 552-3681 for a free phone consultation today! 

First Time Home Buyer Programs
Search the MLS for MN homes for saleFannie Mae HomePath 30 Year Fixed
Purchase Fannie Mae Foreclosure
5% Down Payment
No PMI or mortgage insurance
No Appraisal fee may be required
660 credit score
CLICK to APPLY Securely 24/795% Financing Program  
Good credit-generally 680+ credit score will qualify
Single upfront mortgage insurance premium available-No monthly PMI or private mortgage insurance 
Search the MLS for MN homes for saleCommunity Lending First Time Home Buyer Program 
3% Down Payment
680 minimum credit score
If you are a Teacher, Nurse or Health Care Worker, Pharmacist, Fireman, Police Officer, Paramedic, or Military Personnel receives $500 credit toward closing costs. 
Overtime income or part-time income from second job is averaged over last 12 months
Visit
http://www.efanniemae.com/sf/refmaterials/loanlimits/index.jsp to check maximum loan limits.
Income restrictions apply unless property is located in Targeted Area-Call us at (651) 552-3681 to verify maximum income requirements and geographic restrictions.
30 year fixed
Seller can contribute 6% of purchase price toward closing costs
Single Family, 2-unit, condo, or  townhome
CLICK to APPLY Securely 24/7CityLiving Program (Minneapolis or St Paul) 
Closing cost or down payment assistance
Below market interest rates
City Living Program Information
Search the MLS for MN homes for saleMHFA - Minnesota Housing Finance Agency  
640 minimum score requirement
Up to $8500 in down payment assistance
Below market mortgage rates
MMP, CASA, Home Help

CLICK to APPLY Securely 24/7Government Loans

FHA 

Great 30 year fixed rate loan for first home buyers with 3.5% down payment
Down Payment can be 100% gift from family member or Grant Program
Seller can pay closing costs-Maximum 6% of purchase price
There is maximum mortgage amount for each county. Check FHA loan limit for your county.
640  Minimum Credit Score
Bankruptcy should be discharged 2 years and you should have excellent re-established credit history with revolving and installment loans. Foreclosures and short-sales need to be at least 3-years old. FHA does not require that collection accounts be paid off as a condition of mortgage approval. However, court-ordered judgments must be paid off  
Search the MLS for MN homes for saleFHA Co-Signer 
Parent can co-sign for son or daughter buying their first home and not occupy property. Also, other family members such as brother or uncle can co-sign on loan and even a friend who has long-standing relationship may be eligible. Son or daughter can be in college with no job. Qualify for loan using combined credit, income, and assets
Single family-townhome-condo-PUD
Son or daughter does not need a job or down payment to qualify
CLICK to APPLY Securely 24/7USDA 100% Financing Program
Zero down payment
Property must be located in targeted rural area. Check property eligibility.
Income restrictions apply. Check income eligibility.  
No mortgage insurance
Seller can pay 6% of purchase price toward closing costs
Search the MLS for MN homes for saleVA Loans - Zero Down
0 down payment
Great 30 year fixed loan program with 0 Down Payment for veterans or active military personnel in Army, Navy, Marine Corps, Air Force, Coast Guard, and National Guard.
Fair to marginal credit may qualify
Single family home-approved condo-townhome

Latest Rate Updates

Mortgage Rates © ML

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.

FREE Home Buyers Handbook

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Minneapolis / Saint Paul Business Journal has recognized Mortgages Unlimited as one of the top 25 locally owned mortgage lenders in Minnesota. Who are you thinking of doing business with? Top Mortgage Lenders in Minneapolis St Paul MN

Joe Metzler, MLO, MMS
NMLS #274132
33 Wentworth Ave E, #290
Saint Paul, MN 55118

Ph (651) 552-3681
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MAMB

Minnesota Equal Housing LenderEqual Housing Lender - Our services available only for properties located in Minnesota and Wisconsin. Licensed as Mortgages Unlimited, Inc. NMLS # 225504. Originator Joe Metzler NMLS # 274132. As a Lenders One partner, we are part of the 3rd Largest Retail Mortgage Originators in the country. We are consistently ranked as one of the largest lenders in Minnesota by Minneapolis St. Paul Business Journal. Any use or duplication of any materials is  strictly prohibited.  All images, text, and materials Copyright 1998-2012. Metzler Enterprises, LLC. All Rights Reserved.

Serving all of Minnesota and Wisconsin, including Minneapolis, St Paul, Eagan, Apple Valley, Burnsville, Savage, Shakopee, Chaska, Eden Prairie, Wayzata, Minnetonka, Plymouth, Edina, Bloomington, St Louis Park, Hopkins, New Hope, Crystal, Golden Valley, Robbinsdale, Maple Grove, Rogers, Anoka, Brooklyn Park, Brooklyn Center, Fridley, Blaine, Roseville, Hugo, Maplewood, White Bear Lake, Oakdale, Woodbury, Stillwater, Hudson WI, Hastings, Farmington, West St Paul, Inver Grove Heights, Rosemount, Rochester, Duluth, St Cloud, Marshall, La Crosse, Austin, Owatonna, Kasson, Dodge Center, Zumbrota, Tomah, Winona, Wabasha, Albert Lea

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