Down Payment Assistance Programs in Minnesota

By
Real Estate Agent with REMAX Results

Minnesota Down Payment Assistance Programs have just gotten much better!

 

You can now search for all of the programs that normal loan officers have plus the new Zero Down Programs using down payment assistance in Minnesota that have no income limits and only require a 620 Fico score.  

 

This means you can buy a home over the Minnesota normal down payment income level of $145,000.  You can also use these programs to buy a home that is over the 328,000 purchase limit.  These new programs allow you to buy a home up to a purchase price of 499,000 using zero down loans and down payment assistance.  

If you have 10% to put down, you can get a matching 10% down payment assistance with no payment due until you sell your home.  That would reduce your payment by the 10% plus reduce your payment by gettting rid of your private mortgage insurance.

 

Does anyone else think that this is a good program?  I have used it multiple times in the last 3 months and it has went very smooth.

 

It is available in 49 of the 50 states I have been told.

 

 

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down payment assistance
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Rainmaker
2,971,618
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

HI Angela... these down payment assistance programs are great for buyers needing a bit of help to get into a home and to start building some equity and wealth. It's good to have a group of lenders who are familiar with them and can help guide clients to the right programs.

Jan 10, 2019 02:50 PM #1
Rainmaker
41,133
Angela Niece
REMAX Results - Eden Prairie, MN

I agree, it also is amazing that the default rate of people using down  payment assistance is lower than the default rate of people using the same type of programs with their own money.  

Jan 11, 2019 11:08 PM #2
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Rainmaker
41,133

Angela Niece

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