Special offer

$15,000 Down Payment Assistance for purchase in St. Paul MN

By
Mortgage and Lending with AMEC Home Loans NMLS 238103

That is correct!!! The St. Paul Heroes Program allows a 1st time homebuyer up to $15,000 down payment assistance. This is not a 100% mortgage financing program, but a great program to help with closing costs and down payment and it is a 0% interest 2nd mortgage. You must be an Approved Lender to sponsor this program and WE ARE. Please call me at 651-238-6748 to find out all the details. To qualify you must purchase in the St. Paul Zip Code. There are other qualifiers so please call me to get all the details..Agents welcome to call! That could be $23,000 in DPA with the Federal Money!!!

This program can be partnered with Conventional, FHA, VA, and USDA ---  WOW!!!

Phil Olson
Your One Stop Mortgage Guy
Mortgage and Investment Consultants
651-238-6748


BBB & Equal Housing Lender

Norma Brandsberg
Marks Realty Co. Inc., Lynchburg, VA, 540-586-9496 - Forest, VA

Wow, what a deal. Is business that bad that they have to offer that kind of assistance. I thought that area was OK.

May 23, 2009 01:54 AM
Phil Olson
AMEC Home Loans - Woodbury, MN
NMLS 238103

That area has been hit real hard.  We are seeing homes with a value of 100-150k selling for 38k and there is nothing wrong with the homes..  They pass FHA, VA inspections.  Kind of scary right!! 

May 23, 2009 02:03 AM
Anonymous
Thomas

Sorry Phil,  but your information is not correct. The areas hit hard are limited to East St. Paul and North Minneapolis, both areas are crime ridden. Anyway, This Hero program is set in place for people who serve the city of St Paul in the following areas:

Heroes include:

Active Military, Active Reserve, National Guard or a Veteran - Qualified Active Duty Service personnel include the U.S. Armed Services or Reserve Forces. Qualified veterans include military members honorably discharged from any branch of the U.S. Armed Forces.

Firefighters, Emergency Medical Technicians or Paramedics - Sworn paid members of a fire department whose regular duties include fire suppression or prevention, emergency medical response, hazardous materials response.

Health Care Workers - Certified, accredited, or licensed health care workers who are employed full- time as a medical resident or fellow, dental hygienist, nurse, nursing assistant, pharmacist, pharmacy technician, physician's assistant, medical technician, technologist, or therapist.

Police Officers - individuals commissioned as a police officer by a federal, state, regional, county, or municipal or township government, or a public or private college or university; must be sworn to uphold, and make arrests for violations of the federal, state, regional, county, or municipal, or township law or respond to terrorism.

Teachers - Individuals employed full-time by an accredited or state recognized public school, private school, or federal, state, county, or municipal educational agency as a state-certified classroom teacher or administrator in grades K-12 or higher education.

Public Employees - Individuals employed full-time by a federal, state, regional, county, or municipal, or township government and postal workers.

Jun 25, 2009 02:06 AM
#3
Phil Olson
AMEC Home Loans - Woodbury, MN
NMLS 238103

Thank you for your response, but the St Paul Heroes Program covers the Whole ST Paul Zip Code area and Not all areas are Crime Ridden as you say.  If you would like to talk further please call me at 651-238-6748 so I can educate you with all the information so you are able to educate your clients.  Thank you again for your concern. 

Jun 25, 2009 02:38 AM