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Joe Metzler, MLO. NMLS #274132

Need A Down Payment Assistance Program in MN?

Wednesday, October 1, 2014 - Article by: Joe Metzler, MLO. NMLS #274132 - Mortgages Unlimited, Inc - Message

Need A Down Payment Assistance Program in MN?

Face it, the lack of down payment money is a huge hurdle for many to overcome when they want to buy their first home. A recent survey indicated that 44% of younger people thought you needed at least 20% down to buy a home.

The reality is actually much different. 3.50% to 5% down is all most people need. We offer a first time home buyer loan with just $1,000 down payment. Yup - just $1,000 minimum out of your pocket!

The rest of the money needed to buy a home can come in the form of a down payment and closing cost assistance loan. The program offers up to $10,000 - although most people using the assistance program in MN get around $5,000. How cool is that?

You don't have to be perfect, but you do have to have a middle credit score of at least 640, stable employment, and of course, at least $1,000 of your own money that you can use for down payment.

Call our first time home buyer down payment assistance experts at (651) 552-3681, or visit a down payment assistance program web site for more information, and to see if you qualify at http://mnhomesandloans.com/mhfa-startup-program.html

This program is here today - but may be gone tomorrow. Don't delay. Be in your own home next month!

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