Poor credit?? So what!!
With this new first time home buyer program you can purchase a home in Minnesota regardless of your credit score!
If you are interested in purchasing a home, most times credit along with income is the deciding factor. Unfortunately somtimes people with stable incomes have little credit or have had some credit issues in the past wich has kept them out of the buying arena.
I am so very pleased to announce a new first time home buyer program for Minnesota! If you have a been on the same stable job for the atleast two years you can qualify for a mortgage regardless of your credit score. This new loan is not credit based, but instead based upon your ability to pay your monthly obligation. This is a great market to purchase as the average home sales price is down compared to recent years and interest rates are fantastic..
The property you purchase within this program must be residential property and owner occupied which simply means the person whose name is on the mortage needs to live in the home. To qualify you will be expected to complete a homeownership class ( about 8 hours), provide tax returns for previous 2 years, present a credit letter of reference from people or companies which you have paid such as utilty, phone bills, web host etc.. which have been paid on time on a monthly basis. Since this particular type of mortgage is not based on your credit score the lender will use the references you submit to determine your worthiness.
This new and exciting program has placed many people who would otherwise not be able to qualify for a traditional mortgage get into their own home. This first time homebuyer program is is a fixed market rate mortgage available in 30, 40 and 50 year terms.
If you would like to purchase and have a stable income give me a call remember if you are a first time home buyer or have not owned a home on the past 3 years than you can qualify for this new program.
I have helped 3 homebuyers this week find their new home using this first time home buyer program. Put your hard earned money into owning your own home and building equity for your future as opposed to paying rent.
For more info, just call me 651-739-7355
Mioshi Seto
Metro Home Realty
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