Anoka County first time homebuyers are in luck. More than $5.1 million dollars of low interest funds have been made available through the Minnesota Housing Finance Agency (MHFA) to qualified borrowers.
Qualifying home buyers can use the funds for a new or existing Anoka County home valued at up to $298,125. Additional funds may be available to help with down payments and closing costs too.
The program runs through December 14, 2008 or when the funds are spent.
All buyers must use an MHFA approved lender and are strongly encouraged to attend a home buyer education class.
The Anoka County Community Action Program offers the "Home Stretch" class to explain the buying process and guide potential buyers in the home buying process.
Need more information?
For additional information regarding the First Time Home Buyer Program CLICK HERE!
For information on the Home Stretch buyer education class, CLICK HERE!
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If you are buying, selling or relocating to Minnesota and need help from a professional Realtor, give me a call or visit my website for a FREE Relocation Packet. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.
Copyright 2008 Teri Eckholm http://www.terieckholm.com/
If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me a call or visit my website for a FREE Relocation Packet or FREE Homebuyers Success Packet. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota..JPG)
Buying a Home? Check out my HOME BUYER'S BLOG!
Copyright 2012 Teri Eckholm http://www.terieckholm.com/
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Hi Teri, this is great news for first time home buyers with the price of homes and the availability better than it has been in decades. This is a "hot" update for buyers. Once the funds are gone they will have missed out on a real opportunity. Nice informational post.
Teri, Those homebuyer classes sound wonderful. What great information to share and a terrific time to purchase in your area.
Teri - Great information, homebuyers should jump on this opportunity and the classes should be mandatory for all first time homebuyers.
TERI, that is really good news for buyers in your area.
Teri, Your area seems to have a lot of services for home buyers and home owners and you do a great job of reporting them.
Hi Teri,
Sounds like great assistance for first time home buyers in Anoka Co. Good for you getting the word out folks that could use the help.
Teri, looks like a great program AND, what a great way to let your consumers know! ;-) Do you get many utilizing these benefits?
Wow! This sounds like a fantastic program. It's a great time to buy a homes. The great deals won't last forever.
Teri... many states have these bond money programs offering lower rates... we haven't in a while, at least in NJ... but there is another program just like it... nice job here to make consumers aware of this.
Teri, I hope you meet some good buyers through this post. There are buyers out there, I just met two at my open house yesterday. Buyers need to be aware that working with an experienced and knowledgeable REALTOR is to their benefit.
Gary--It is certainly an opportunity that doesn't come along often...especially combined with so many homes to select from.
Carole--Thanks...It is a great program!
Sandra--More first time home buyers should invest a bit of time at one of these classes so they are better prepared for the responsibility of homeownership.
Marchel--It is great news isn't it?!! :)
Mana--Lots of programs out there...just putting the info in one place!
Lynda--Thanks!! There are some great opportunities out there!
Lizette--Exactly!
Teri--I have helped a few in special first time buyer programs...I would think that with all of the changes these programs could become more popular again.
Jeff--I don't think the programs were used much when subprime lending was higher in MN either. Nice to see they are making a comeback as their are opportunities out there for those who qualify.
Marzena--I hope that buyers just take a chance and get out there to buy. You are so right....These lower prices cannot last forever...and neither will these first time buyer funds!
Teri, it's so nice to see someone knowledgable about first time buyer programs! The first time I talk to a new buyer I wrack my brain trying to think of a program that we can fit them into, whether teacher, firefighter, low income or just a community program. I think they will become more and more popular with recent developments!