Financing

Down payment assistance programs

Dakota County has a new bond program that also offers down payment assistance.  The interest rate is 4.99% and there is up to $10,000 available in down payment assistance.  The...
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FHA update

Back in January I mentioned that there are going to be some significant changes on FHA mortgages.  The first one that is going to happen is the increase of the...
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Mortgage insurance updates…

Another mortgage insurance company has announced that the Minneapolis St Paul metro area is no longer in a declining market.  There are now a couple different options for mortgage companies...
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Financing Condos!

You found a condominium you want to buy!  Fantastic!  Now comes the interesting part – how am I going to finance it?  I need a mortgage. If the condo is...
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Fannie Mae announced 3.5% seller assistance

Fannie Mae announced that people purchasing a Fannie Mae owned HomePath property can receive up to 3.5% of the final sales price to be used toward closing costs assistance or...
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Homebuyer tax credit info

The Internal Revenue Service released the new form that eligible homebuyers need to claim the first-time and move up homebuyer credit last month.  They also announced new processing requirements to help...
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How do recent federal changes affect buyers and sellers?

Whether you are buying a home or selling a home recent federal changes may affect your real estate process…including the FHA changes Leslie talked about yesterday that are coming in the...
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FHA changes

FHA announced today some policy changes to strengthen FHA's capital reserves.  What that means to you and me is program changes! First the upfront mortgage insurance premium is going to...
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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.