Live in Minnesota? Looking for a Home? Good News!

Liz Peter Team • August 9, 2023

Live in Minnesota? Looking for a Home? Good News!

Liz's Lender Corner

Are you interested in learning more about down payment loans with a minimum down payment of $1000? Let us introduce you to the amazing programs available with Minnesota housing!

Discover the various down payment assistance programs offered by the Minnesota Housing Financing Agency (MHFA) and get in touch with me (Liz) for all the details. Each program has unique qualifications, so having a professional guide you through the process is highly beneficial. Our team works with these programs daily, and we'll assist you in determining the most suitable one based on your qualifications and needs.

Key features of the program include:

Minimum down payment: $1000*
Loan options: Conventional, FHA, and VA loans
Credit score requirement: As low as 640
Maximum income limit: $175,400 per year
Deferred and monthly payment loans are available

Even if you are not a first-time homebuyer, don't worry! MHFA offers a Step-Up program designed for buyers who have owned a home before. Eligible properties for these programs include single-family homes, condominiums, townhomes, and duplexes.

If you're eager to learn more about the market or explore the possibility of owning your dream home, feel free to reach out to me and my team. We are dedicated to helping you achieve your homeownership goals!

Warm regards,

Liz Peter Mortgage Team

Luminate Home Loans

*This information provided is outlining the minimum down payment requirements as allowed by specific loan program and product guidelines. Loan program and terms of repayment are based on a 30 year fixed term. Interest Rate and Annual Percentage Rate as well as any / and all credit offered would be subject to pricing and underwriting of the individual applicant.

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