Homeownership may be closer than you think. You have the dream to own a home, all you need is the down payment. Discover all the homeownerships programs that can help you save on your down payment and buy sooner.
Are you a First Time Home Buyer?
Buying a home may be one of the best financial decisions you can make. To accomplish your goal Refined Lending has partnered with Minnesota Housing to provide additional down payment assistance programs. Would you like help getting a mortgage or finding down payment assistance?
Refined Lending Wish Program:
Must be First Time Home Buyer
4:1 Match Up to $22,000
Contribution can come from gift funds or borrower bank account
Available for conventional and FHA Financing
Borrower must complete certified First Time Home Buyer counseling class (certificate required)
MN Housing Deferred Payment Loan:
The Deferred Payment Loan can be used with the Start Up program and is only for first-time homebuyers. There are two options:
Deferred Payment Loan: Loans up to $10,000
Deferred Payment Loan Plus: Loans up to $13,000 for borrowers who meet targeting criteria
There is no interest or monthly payments, and the loan term is equal to your first mortgage term. You must repay the loan when you move, sell, refinance (unless your refinance with the Step Up program) or pay off your first mortgage. Repayment of the full loan balance is required (a balloon payment):
The borrower moves
The home is sold
The first mortgage loan is refinances (unless refinanced with the Step Up program)
The first mortgage loan is paid off ( prior to or at the end of the loan term)
Learn how to start your path to Homeownership
MN Housing Monthly Payment Loan:
The Monthly Payment Loan can be used with the Start Up or Step Up program.
Loans up to $17,000
Interest rate is equal to your first mortgage rate
Monthly payments over a 10-year loan term
See how the Monthly Payment Loan can work for your budget.
Sign up: https://www.mnhomemaster.com/contact/
REFINED LENDING – BLAINE
Division of Goldwater Bank, N.A. NMLS #452955
9240 Baltimore ST NE #110 Blaine, MN 55449