Financing

$8000 real estate tax credit deadline

The deadline for closing on your home to get the $8000 tax credit is November 30th.  It is coming up very soon for those looking to buy their first home!! ...
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Appraisals and computers

Anyone can buy a home at any price, but if you need a mortgage, you will also need an  appraisal to determine the value.  An appraisal is based on sales...
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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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Is your lender an FHA Direct Endorsement lender?

Until about a year ago not many lenders were FHA Direct Endorsement lenders but it didn't really matter…because only about 5-6% of all loans were FHA loans. In June of...
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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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Sharon and John Hensrud

About Us

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.