Real estate blog entries tagged with down payment by Joseph Metzler MLO MMS NMLS # 274132 (Mortgages Unlimited, Inc)

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Home : Blogs : Joseph Metzler MLO MMS NMLS # 274132 : Minnesota Mortgage Blog - Mortgage and Real Estate News You Can Use : Tag "down payment"

down payment: Down Payment Assistance Loans in MN - 01/24/12 08:56 AM

Homeownership Is Possible With Minnesota Housing Finance Agencies First Time Home Buyer Mortgage Programs Benefits of MHFA Mortgage Loans Below-market interest rates Interest-free loans to help for with down payment and closing costs (up to $8500) Minnesota Housing Mortgage Loan Program Eligibility To be eligible for a Minnesota Housing First-Time Homebuyer Loan, you must meet these requirements:
Be a first-time homebuyer (meaning you have not owned a home in the past three years). Have acceptable credit (640+ middle credit score) Meet the requirements for income limits (listed below) Have federal income tax return copies for the last 3 years. Have … (0 comments)

down payment: 20% down payment is NOT Required! - 11/09/11 11:07 AM

I hear the question all the time, "Do I need 20% down payment"
NO, you DON'T need 20% down!
I saw it again on the news this morning. Some talking head "Real Estate Expert" was telling the national audience that lenders require 20% down payment.
Generally speaking, this couldn't be further from the truth, and needing 20% down is a huge misconception in the marketplace today. For the average home buyer, there are numerous options for obtaining financing with less than 20% down.
DON"T ASSUME! Contact a local licensed mortgage loan officer and let them professionally review your individual situation. Click … (2 comments)

down payment: New Rules for First Time Home Buyers - 03/18/11 12:34 PM

New Rules for First Time Home Buyers

Minneapolis, MN: It is a great time to be a first time home buyer, but some of the rules have changed.
Mortgage interest rates in MN are still amazing, and home prices are super affordable. New mortgage lender and broker rules are making it a little harder to qualify for a home loan, and your costs are going up a little, but don’t let that hold you back.
First time home buyers, it’s safe to come out now!
Plan on a down payment. The bigger the better Plan on living in the home … (2 comments)

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Joseph Metzler MLO MMS NMLS # 274132

, MN

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Mortgages Unlimited, Inc

Address: 33 Wentworth Ave E #290, Saint Paul, MN, 55118

Office Phone: (651) 552-3681

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Mortgage industry news and insights from a 15+ year industry expert. Mortgage are Real Estate News You Can Use. Joe is a Certified Minnesota Mortgage Specialist, who provides home mortgage loans not only in the Minneapolis, St Paul area, but all of Minnesota and Wisconsin.

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