First Time Buyer Class and Scott County Downpayment Assistance Programs and Help Now is an incredible time to purchase a home in Scott County. Interest rates are at all time lows and home prices have dipped. I think we will see a lot more foreclosure activity in the next few months as the market has [...]
FHA Loan Limit Lowered for Shakopee MN Homes
September 1, 2011 By Leave a Comment
What does this mean for the average first time buyer? Simply you won’t be able to buy Shakopee homes or other MN homes for sale over the new $318,550 loan limit and only put down the minimum 3.5% downpayment. This leads those who purchase Shakopee homes and want to contribute as little as possible their [...]
New Federal Program available for Homeowners on the Brink of Foreclosure
July 8, 2011 By Leave a Comment
On the brink of foreclosure? The federal government has issued a new program that would give up to $50,000 dollars in “interest-free, forgivable loans” secured by liens against the existing home. The loans would only be available to those in danger of foreclosure due to unemployment, underemployment or medical issues. For all that apply, [...]
Purchase a Shakopee home for only 2% downpayment!
June 4, 2011 By Leave a Comment
A good quality Shakopee loan officer I work with , Chris Aloisio, just wanted to send out a refresher email for a loan program she and Wells Fargo in Shakopee have to offer. The program is called the CDMP program if you want to mention it to her when calling. This program that is unique to Wells [...]
Conventional or FHA Loans, Which is Best For You?
March 23, 2011 By Leave a Comment
If you are thinking of purchaing a home with the next twelve months, consider talking with a loan officer prior to your home search to make sure you know how much you can afford and where you are comfortable with monthly payments. Craig Anderson of Rivercity Mortagage provided me with this helpful insight on loan [...]
