Thanks to the Edina Housing Foundation (EHF), you can purchase a home with just $1,000 cash out of pocket. This program was designed as an incentive for young lower income families to move into the city after the 2000 census identified that over 25% of Edina homeowners are over 65 years of age.
This is a second mortgage program that works in conjunction with the first mortgage. You may borrow up to $60,000. The loan officer will determine the maximum amount you can qualify for. There are income and asset restrictions. For example, a single individual's maximum income should be $55,000, or less; a family of 2-4 should have a total household income of $63,000, or less.
So, what's available in Edina for under $325,000?
35 single family homes, 2 under $200,000
6 townhomes, 1 under $200,000
145 condos, 116 under $200,000
6 twin homes, 0 under $200,000
For further details, contant Marzena M. Melby at 612-267-6798 by phone or marzena@marzenamelby.com by email.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Contact Marzena M. Melby, Broker/Partner, Counselor Realty, Inc., Licensed REALTOR® in the state of Minnesota at 612-267-6798 to list your property for sale or to purchase a property in the Twin Cities Greater Metro Area.
Visit my profile to find out more about my services. Call me today at 612-267-6798. If you prefer, contact me by email, by clicking on "email me" link of this page under my profile.
Visit my website to search homes for sale in the Twin Cities and surrounding areas.
Disclaimer: The information provided herein is supplied by several sources and is subject to change without notice. Twin Cities Homes 4 Sale Blog does not guarantee, or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on Twin Cities Homes 4 Sale Blog represent the opinions and ideas of the author. Twin Cities Homes 4 Sale Blog does not express the views of Counselor Realty, Inc. or its other partners or agents.
Copyright © 2008 By Marzena M. Melby, All Rights Reserved.
;)
;)
;)
