|
Down Payment Assistance Programs |
Don't have enough for a down payment? We offer DAP's (Down Payment Assistance Programs)
For the first time homebuyer we offer a statewide program with below market interest rates and down payment assistance. This maybe used for down payment and closing costs in conjunction with an FHA, VA, USDA Rural Housing or Conventional loan. Having a home is a great way to raise your family. Let us help you make homeownership a possibility. Money is available for First time homebuyers and Non-First Time homebuyers. We help guide you to the program that fits your needs:
MHFA and CASA down payment assistance Provides down payment and closing cost assistance to first time home buyers. Below market interest rates. Come Home 2 Edina Provides subordinate mortgage loans up to $60,000 in the city of Edina that can be used for down payment and closing costs. Dakota County Community Development Agency Homebuyers accessing the Dakota County CDA First Time Homebuyer Program can also apply for downpayment and closing cost assistance loans up of up to $10,000 depending on household income. Minnesota Housing Finance Agency Minnesota Mortgage Program First mortgage program that offers a below market interest rate to qualifying first time buyers. Down payment and closing cost assistance is available under the CASA initiative.
Plymouth's First Time Homebuyer Program First time home buyers in Plymouth may qualify for zero interest loans for up to $25,000 to be used for down payment and closing costs. Pohlad Family Foundation Economic Crisis Initiative Provides up to $8,000 in down payment and/or closing cost assistance to qualified 1st time buyers. St. Paul Heroes Program Created to honor those who dedicate their lives to serving the community, this program offers $15000 to homebuyers purchasing within the political boundaries of St. Paul and must be used in conjunction with the Take Credit mortgage credit certificate program. Woodbury First-time Home Ownership Program The objective of the Woodbury First-time Home Ownership Program is to encourage home ownership in the City of Woodbury by providing financing to low- and moderate-income first-time purchasers. Low-interest, deferred loans of up to $25,000 are available to qualified families
Additionally, down payment assistance programs can be combined with the initial program for even more assistance. Extra funds are available in the Twin City area such as Edina, Minneapolis, Chaska and Plymouth just to name a few. Many Metro area counties like Anoka and Hennepin have additional funds that we can layer in to help with down payment. When packaged, the total down payment assistance can add up to $70,000! Today, nearly everyone can realize the American dream of homeownership, while building equity, receiving tax advantages, and creating a place to call home. Tim helps dreams come true. He educates homebuyers about the many facets of home buying, determining what is the best loan available to meet the borrower’s needs, and patiently and professionally guiding them through the entire process. Mike listens carefully to your needs, and then helps select the best available loan. He’ll guide you through the loan process and guarantee complete satisfaction. Live the American dream. Call Mike today to help make your dreams come true. (612) 270-9039
|
|