down payment assistance: The Step-Up Program From MHFA
- 09/19/13 07:36 AM
The Step-Up Program From MHFA Traditionally, there have been special programs provided through the Minnesota Housing Finance Agency that have been designed only for MN first time home buyers. Last December, however, all of that changed! While there is still a wide array of great programs for MN first time home buyers, MHFA has now expanded their product selection to those who have owned a home in the past as well. These new programs will really help our local Cottage Grove real estate market. In short, if a Cottage Grove home seller nets very little upon the sale of their … (0 comments)
down payment assistance: Down Payment Assistance Program Changes
- 08/26/08 10:11 PM
The Federal Housing Administration (FHA) recently altered its guidelines as a result of the Economic and Housing Recovery Act of 2008. One significant change was the elimination of the seller-funded down payment assistance program. Often used by builders through non-profit organizations such as Nehemiah and Ameridream, this program enabled the seller of a property (either an individual or a builder) to "donate" an amount equal to the funds needed by a buyer for a down payment on a home when securing FHA financing. As of Oct. 1 of this year, the FHA will no longer allow seller assisted down payments. Not … (0 comments)
Some Author Information: Rochelle Allison believes there are many qualities and skills that go into being an excellent real estate professional – integrity, in-depth community and market knowledge, marketing savvy, effective negotiation skills and a high-quality professional network, all of which are hallmarks of how she works.
Serious posts about life in Saint Paul and surrounding areas. Posts with questions and issues that buyers, sellers and investors should consider as well recommendations and comments about local restaurants and shopping. We like to eat local, shop local and share our experiences with our readers.
The Step-Up Program From MHFA 
;)
;)
