Financing

Eden Prairie down payment assistance program

This program has been available for some time but I just learned about it this summer! A client of mine asked about it and I did some research for him....
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What happens at your closing?

The closing is the final piece when you buy a home in Minnesota.  It usually happens at a title company office, or possibly in the realtor's office.  When the closing...
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Do I have to have mortgage insurance? What does it do?

What is private mortgage insurance (PMI)?  Why do I need it?  I will hear from clients that they do not want PMI.  I can understand that, but depending on the...
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Why lenders want so much more information?

It's not a secret that mortgage lenders ask for a lot of information. It's also not a secret that some banks or mortgage company's may ask for more information than...
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Are you ready to buy a new home?

The housing industry is starting to grow again.  The recent reports show that sales of existing homes rose to their highest level in eight years.  New home construction is also...
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Economic update

Now that Greece has a bailout deal in place, the situation there had very little influence on mortgage rates over the past few days.  The economic data released in the...
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USDA loan changes coming

It seems like we are getting constant updates on program changes again!  FHA has changes in underwriting guidelines coming in September, Fannie Mae has some underwriting changes coming in September,...
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New rules may help you qualify for a mortgage!

Fannie Mae has made some changes that may make it easier for you to qualify for a mortgage!   One of the biggest changes is that credit card debt can...
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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.