Download - Down Payment Assistance Programs!
Home Down-Payment AssistanceState and Local Programs Stabilizing Neighborhoods
Encouraging Homeownership
• Incentive programs
• Low home prices
• Historical low interest rates
• Many neighborhoods to choose from
Home Buying ProgramsHome Buying Programs Play a Vital Role in our CitiesPlay a Vital Role in our Cities
Making it Possible
• Funds
• Financing
• Buyers and first-time buyers
Program to ProgramProgram to ProgramHomeownership InitiativesHomeownership Initiatives
Program Details Vary
• Low-to-moderate income
• Typically household size
• Single family and/or multifamily properties
• Some area median income (AMI)
HOMEOWNERSHIP ASSISTANCE FUND (HAF) HOMEOWNERSHIP ASSISTANCE FUND (HAF)
• First-Time home buyer
• Available statewide
• Single family and duplex
• Minnesota Mortgage Program (MMP): up to $3,000
• Community Activity Set Aside (CASA) Program: up to $5,000
HOME HOMEOWNER ENTRY LOAN PROGRAM (HOME HELP)HOME HOMEOWNER ENTRY LOAN PROGRAM (HOME HELP)
• First-Time home buyer • Twin Cities 11 county metro • $276,683 Purchase price or below• $1,000 to $10,000 if approved for MN Housing
CASA Loan - 0% interest deferred loan. 70% forgivable after 6 years, the remaining 30% is due upon maturity of the first mortgage, the property is sold, or the home is no longer owner-occupied.
Many More to Choose FromMany More to Choose From
Take Advantage of these Programs!Take Advantage of these Programs!
*Programs are being underutilized due to loan officers and real estate agents that do not know or do not have access to them. Down-Payment expertise helps unite you with the funding or financing available today!
Don’t Buy a Home and Find Out Later You Could Have Qualified!
Discover Hidden TreasuresYou May Not Be Aware Of
Peter Boyle – Senior Mortgage OfficerServing the Community 20 Years!Direct: 612 701 [email protected]
Summit Mortgage CorporationPlymouth, MN 55441
Call Today!
NMLS #218261