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95 minnesota conventional loans: Minneapolis St Paul Homes Financed With 95% Minnesota Conventional Loans! - 01/27/10 11:36 AM
Yes-at least for now-it IS possible. It IS also available for first time buyers.  If FHA is not an option or you want to contrast it with conventional option, consider this loan.  Interest rates-which change daily and by the minute-were recently advertised at 3.75% for a 5/1 ARM.   Imagine that payment!!
Here are some of the qualifying criteria:
 
95% financing maximum in one loan
1st Time buyers OK
700 minimum Fico score
Single Family and PUD's ONLY
41% maximum debt ratio
2 months of buyer payment reserves required
Seller CAN pay up to 3% of the closing cost
It this loan … (0 comments)

 
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Patti Mazzara NMLS #333279

Edina, MN

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Venture Development Inc NMLS #373115

Address: 7300 France Ave S #410, Edina, MN, 55435

Office Phone: (952) 285-4319

Cell Phone: (612) 237-6277

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Learn about the Twin Cities real estate, minnesota real estate, minnesota home financing, minnesota mortgages, FHA, VA, Reverse Mortgages, Debt Consolidation, refinancing, first time buyer programs, interest only loans, Edina, Minneapolis and St Paul. Visit our mortgage site at http://www.ventureloanapp.com or http://www.edinamortgage.com Patti Mazzara NMLS #333279 Venture Development NMLS #373115


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