County Loans in Central Minnesota

By
Real Estate Sales Representative with Coldwell Banker Burnet

This blog was written by one of my teammates. Kudos to her for persevering and finding an option for her buyer. This is a great tip!

Are you having difficulties getting financing for rural properties due to well and septic issues? Meeker and Wright county both offer several different financing options for buyers to help pay for replacement or repair costs on wells and septics.

As a personal example, I am working with a client right now who fell in love with a foreclosure home that needs almost $9000 in repairs on the septic system. The bank, like usual, said they would not pay for the repairs since it would require them to escrow money in order to be fixed in the springtime, and my client did not have $9000 to escrow. While at first it seemed as if this left him with no options, we discovered that he can apply for a loan through the county to get the septic fixed in the spring. His dream home can now finally become a reality!

--Sheila Grangroth
Buyer's Agent for Tami & Steve at Coldwell Banker Burnet

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