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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 rent. Apply
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
-
Apply for home loan financing
- Get Pre-Approved
- Start looking at homes for sale with
Realtor
- Make Offer
- Get your Keys!
- Enjoy
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Zero Down? No problem. We have
some programs for that too, like USDA Rural Development, and
VA home loans for Military |
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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.
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MHFA has BELOW MARKET Interest Rates
CALL FOR
CURRENT QUOTE
Minnesota Mortgage Program
Government Rate
WITH 3.5% Down |
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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.
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.
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.
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.
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
 Fannie 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 |
 95%
Financing Program
Good credit-generally 680+ credit score will
qualify
Single upfront mortgage insurance premium available-No monthly PMI or
private mortgage insurance |
Community 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 |
CityLiving Program
(Minneapolis or St Paul)
Closing cost or down payment assistance
Below market interest rates
City Living Program Information |
MHFA
- Minnesota Housing Finance Agency
640 minimum score requirement
Up to $8500 in down payment assistance
Below market mortgage rates
MMP, CASA, Home Help |
Government 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 |
FHA 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
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USDA 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 |
VA 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 |
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.
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Email
Us
Equal
Housing Lender - Our services available only
for properties located in Minnesota and Wisconsin.