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Minneapolis Mn Home Loan Info

HUD Clamps Down – Breaking News!

March 1, 2010

HUD Clamps Down – Breaking News! Get those homebuyers OFF THE FENCE – it’s simply going to cost them more money if they don’t act now!Here’s the condensed version: UFMIP will be increased from 1.75% to 2.25%. The change to occur for FHA case #’s ordered after April 5, 2010. Update the combination of [...]

10 Facts about the Extended First-Time Homebuyer Credit

March 1, 2010

10 Facts about the Extended First-Time Homebuyer Credit If you are in the market for a new home, you may still be able to claim the First-Time Homebuyer Credit. Congress recently passed The Worker, Homeownership and Business Assistance Act Of 2009, extending the First-Time Homebuyer Credit and expanding who qualifies. Here are the top 10 [...]

Minnesota Housing – Helping Twin Cities Home Buyers

March 1, 2010

Announcing 4.50% rate for Minnesota Mortgage Program In order to encourage production under Minnesota Mortgage Program (MMP), the statewide first-time homebuyer program, Minnesota Housing lowered the program interest rates at 3:00 p.m. today to 4.50% for government loans and 4.75% for conventional loans. Rates under the Community Activity Set Aside (CASA) program have [...]

Twin Cities First Time Home Buyer Loans

February 16, 2010

Good news for those looking for Twin Cities first time home buyer loans! The cities of Minneapolis and St Paul along with Dakota County are offering new first mortgage products for first time home buyers. These are at or below current market rates and have down payment assistance available. 2/11/2010 Minneapolis/Saint Paul Housing Finance Board [...]

Tough Time ahead for MN Condo buyers

October 21, 2009

Please read the following changes to FHA condominiums. HUD maybe extending this date again but it is for sure that they will be making large changes to their condo financing. Are you a MN condo seller? Please call me with any questions. Your business is always appreciated. FHA financing on MN Condo Projects is about [...]

First Time Home Buyers

October 3, 2009

As we proceed into the second half of 2009 there are some timely issues for first time home buyers and real estate professionals. To be eligible for the $8000 Federal Tax Credit purchases must be complete and finalized by 11/30/2009. Closings should be scheduled early with title co. and lender. Most down payment assistance programs [...]

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