1. FHA Loan - If you don't already have an FHA loan you can purchase a home with as little as 3 1/2% down using an FHA loan. And 30 year fixed rates have never been lower.
2. VA Loan - If you are a Veteran you may qualify for a no money down VA loan. And these loans have very low 30 year fixed rates.
3. Down Payment Assistance - Many cities and counties in the Twin Cities Metropolitan Area have down payment assistance programs. Programs vary according to income and amounts offered but it is worth checking out if the only thing keeping you from buying is the down payment. You may be able to purchase with as little as $1000. Check this link for specific programs.
4. Fannie Mae First Look - Homes owned by Fannie Mae and currently listed for sale will pay buyer's closing costs up to 3.5% of the purchase price plus they will purchase a two year home warranty for buyers who will be occupying the home.
5. Freddie Mac - Homes owned by Freddie Mac and currently listed for sale will pay buyer's closing costs up to 3.5% of the purchase price and they provide a two year home warranty for buyers who will be occupying the home.
There are many avenues open to help you purchase a home. Now has never been a better time. Contact me anytime and we can get the process started.
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