By

Leslie Vanderwerf

Money for closing…

For many years homebuyers have been able to buy a home with zero down loans.  With all the foreclosures and the "declining" market, those loans have disappeared.  Now we need...
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Rehab loans

With the Economic Stimulus package, many cities are offering rehab loans for homeowners.  Bloomington has a new program that allows you to purchase a foreclosed home and apply for up...
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FHA 203K streamline rehab loans

Many homebuyers are looking at foreclosure properties that need some work.  One way to do that is by using a rehab loan such as an FHA 203K.  This loan allows...
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New down payment assistance programs

Minneapolis is coming out with a new down payment assistance program effective April 1, 2009.   This program will allow homebuyers to get $10,000 in down payment and closing cost assistance. ...
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Fed meeting updates

The Federal Open Market Committee met this week and stunned the credit markets with their announced plans!!  They are planning to purchase an additional $750 billion in mortgage-backed securities on...
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Mortgage Insurance

Many years ago if you were going to buy a home you had two options – have 20% down or use either an FHA or VA mortgage.  Over the years...
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Conventional mortgages

One of the common types of mortgages are conventional loans – both insured and uninsured.  The difference is whether you have 20% down or not.  If you do not have...
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2009 Stimulus Package

The American Recovery and Reinvestment Act of 2009 was signed into law on Tuesday by President Obama.  The package will give some tax credits, direct aid and discretionary spending projects....
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The HomesMSP Team is committed to meeting you where you are and listening… really listening to understand you so we can use our extensive knowledge of the market and local neighborhoods to give you personalized service.