Financing

$8000 First Time Homebuyer Credit Update

I finally have an update on using the $8000 credit towards your down payment and closing costs on FHA loans.  HUD sent out a mortgagee letter May 29th that gives...
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Seller paid closing costs

It has become very common for buyers to ask the seller of the home they want to pay closing costs.   This allows the buyer to come to closing needing less...
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Mortgage qualifying….

Everyone is wondering these days – how do I qualify for a mortgage?  Or can I qualify for a mortgage?!!  If you are a first time homebuyer, it can be...
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News on the $8000 tax credit….

Shaun Donovan, secretary of the US Department of Housing and Urban Development, said that the Federal Housing Administration is going to permit its lenders to allow homeowners to use the...
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Where are interest rates going?

Interest rates have been fantastic this year!  No one really expected that we would see 30 year fixed rates in the 4.5-5% range for this long.  This week Fed Chairman...
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New First Time Homebuyer Program

Dakota County has come out with a new program for first time homebuyers.  It is a tax credit program called Give Yourself Credit.  Along with the tax credit is the...
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Income and verifying it!

In order to get a mortgage we need to be able to verify the buyers income.  In the past there were all kinds of loans that made it very easy...
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Money for closing…

For many years homebuyers have been able to buy a home with zero down loans.  With all the foreclosures and the "declining" market, those loans have disappeared.  Now we need...
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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.