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Down Payment Assistance Programs |
New Home Buyer Tax Credit Information - Extended April 30, 2010
Read more... Don't have enough for a down payment?
We offer DAP's (Down Payment Assistance Programs)
For the first time homebuyer we offer a statewide program with below market interest rates and down payment assistance. This maybe used for down payment and closing costs in conjunction with an FHA, VA, USDA Rural Housing or Conventional loan. Having a home is a great way to raise your family, have a place for the dog or a kitty. Let us help you make homeownership a possibility.
Money is available for First time homebuyers and Non-First Time homebuyers. We help guide you to the program that fits your needs:
MHFA and CASA down payment assistance
Provides down payment and closing cost assistance to first time home buyers. Below market interest rates.
City Living for Minneapolis and St. Paul
Available to purchasers within the city limits of Minneapolis and St. Paul, provides below market rates and grants for down payment and closing costs.
Come Home 2 Edina
Provides subordinate mortgage loans up to $60,000 in the city of Edina that can be used for down payment and closing costs.
Dakota County Community Development Agency
Homebuyers accessing the Dakota County CDA First Time Homebuyer Program can also apply for downpayment and closing cost assistance loans up of up to $10,000 depending on household income.
FHA Energy Efficient Mortgage Program
Allows a buyer using an FHA mortgage to obtain up to $12500 over the amount of the mortgage for energy efficiency improvements completed at the time of purchase.
Hennepin County (NSP) Neighborhood Stabilization Program
Hennepin County has created homebuyer programs for the purchase, management and resale of foreclosed and abandoned properties.
Minneapolis Advantage
This is a down payment and closing cost assistance program to help rebuild the housing market in key neighborhoods. Up to $10,000 in an interest free loan forgiveable over 5 years to anyone buying a home in which they will live in 26 eligible neighborhoods.
Minnesota Housing Finance Agency Minnesota Mortgage Program
First mortgage program that offers a below market interest rate to qualifying first time buyers. Down payment and closing cost assistance is available under the CASA initiative.
Neighborhood Energy Connection
Loans, grants and rebates available for making energy efficient improvements.
Plymouth's First Time Homebuyer Program
First time home buyers in Plymouth may qualify for zero interest loans for up to $25,000 to be used for down payment and closing costs.
Pohlad Family Foundation Economic Crisis Initiative
Provides up to $8,000 in down payment and/or closing cost assistance to qualified 1st time buyers.
Ramsey County First Time Buyer Program
Up to $20,000 in down payment assistance to first time buyers who work in Ramsey County and will live in suburban Ramsey County.
Ramsey County Open Doors Neighborhood Stabilization Program
Under the Ramsey County Opening Doors Program buyers may qualify for up to $10,000 in interest?free, deferred loan assistance based on the eligibility factors described below. The program is not limited to first time buyers.
St. Paul Heroes Program
Created to honor those who dedicate their lives to serving the community, this program offers $15000 to homebuyers purchasing within the political boundaries of St. Paul and must be used in conjunction with the Take Credit mortgage credit certificate program.
Woodbury First-time Home Ownership Program
The objective of the Woodbury First-time Home Ownership Program is to encourage home ownership in the City of Woodbury by providing financing to low- and moderate-income first-time purchasers. Low-interest, deferred loans of up to $25,000 are available to qualified families
Additionally, down payment assistance programs can be combined with the initial program for even more assistance. Extra funds are available in the Twin City area such as Edina, Minneapolis, Chaska and Plymouth just to name a few. Many Metro area counties like Anoka and Hennepin have additional funds that we can layer in to help with down payment. When packaged, the total down payment assistance can add up to $70,000!
Today, nearly everyone can realize the American dream of homeownership, while building equity, receiving tax advantages, and creating a place to call home. Tim's Citywide Team helps dreams come true. Our Mortgage Specialists educate homebuyers about the many facets of home buying, determining what is the best loan available to meet the borrower’s needs, and patiently and professionally guiding them through the entire process. Keep in mind that homebuyers who use DAPs are still eligible for the Homebuyer federal tax credit.
Tim's Citywide Team listens carefully to your needs, and then helps select the best available loan. We’ll guide you through the loan process and guarantee complete satisfaction. Live the American dream. Call Tim's Citywide Team today to help make your dreams come true. (952) 224-2424
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