Financing

FHA loans and new limits for 2015

Department of HUD has released new limits for FHA mortgages.  The new limits are effective with FHA case numbers pulled on or after January 1, 2015. In the Minneapolis/St Paul...
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3% down conventional loans!

Fannie Mae released new program guidelines over the last week.  Freddie Mac is following along to some extent.  The big announcement from Fannie is a 97% program!  Until late last...
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What is holding renters back from buying a home?

There are many renters that would love to buy a home, but there are a few things that may be holding them back.  The biggest issue most renters have is...
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A Snapshot of Mortgages… where are interest rates have been and projections for 2015, qualifying credit scores

Since April 2013, the ability for Americans to obtain a mortgage has increased substantially. See details in the infographic below, including predictions of where mortgage rates are headed in 2015....
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Thinking about buying a home over the holidays?

With all the holidays coming up over the next few weeks, home buying isn't always at the top of the priority list!  That being said, it seems that there are...
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VA loans

Since Tuesday was Veteran's Day, I thought this was a perfect week to remind people about VA loans!  VA loans are a wonderful benefit to our veterans.  If you are...
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Conventional 3% down again??

Fannie Mae used to offer 3% down conventional loans until a couple years ago….they went away with several changes due to the number of foreclosures, etc.  They are coming back!...
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What do I need for a loan approval?

As I have had more people asking to get a mortgage approval, I thought it was time to remind everyone what you need for that approval!  Most of the information...
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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.