By

Leslie Vanderwerf

Self employment income verification

Getting qualified for a mortgage is not difficult if we can verify income, assets and credit.  However if you are self employed, it always seems to be a little more...
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MHFA first time homebuyer program

Minnesota Housing has had a first time homebuyer program for a long time.  In September there will be several updates.  Over the last few months with all the foreclosures and...
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What happens at a real estate closing?

I have always had a lot of questions about this!  So what happens at closings?  Where do I go for it?  Who will be there? In Minnesota,we  use an independent...
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Federal Reserve met this week – so what do rates do next?

The Federal Reserve met this week and as expected left interest rates alone.  They did say that the economic growth is showing signs of improvement, but at a very slow...
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Using gifts for downpayments

The days of zero down mortgages are gone – other than VA loans and rural development loans.  So if you don't have any money saved up, where can you get...
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$8000 tax credit reminder…

If you are planning to buy a home this year and you are a first time homebuyer, you want to make sure you close by November 30th.  In order to...
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Conventional loan changes coming…

Mortgage approvals are going to get a little more difficult again!!  Fannie Mae is updating several underwriting policies and we will expect Freddie Mac to do the same.  Here are...
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The mortgage process….

So you are preapproved to buy a house, you write your purchase agreement, now what????  Once you have written your purchase agreement and it's accepted, your lender goes to work...
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Sharon and John Hensrud

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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.