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MN First Time Home Buyer Loan Programs

April 15, 2010 By Doug Kampsen 39 Comments

#1 Top Producing Team for 2010 and 2009 in the entire State of Minnesota

First Time Home Buyers Entire MN 11 county metro Up to $8,500 down payment assistance.
Hennepin, Ramsey, Anoka, Isanti, Sherburne, Wright, Chisago, Scott, Dakota, Ramsey, and Washington First Time Home Buyer Programs

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Minnesota Housing 2010 and 2011 Award Recipient

My team was awarded the 2010 and 2011 housing partnership award for our lending committment and top production for 1st time home buyers using Minnesota Housing products in support of affordable housing. Minnesota Housing Website.

Fed Vows To Keep Rates Low Until 2014

The Federal Reserve announced that short-term interest rates will likely stay near zero for nearly three more years, a move that is expected to spillover to long-term mortgage rates for home buyers and home owners. In August, the Fed had made a rare move to say it would keep rates near zero until … [Read More...]

FHA May Ease Seller Concession Cap

The FHA announced last year that it would cut seller contributions from 6 percent to 3 percent for purchases using FHA insured loans. Seller concessions, such as seller assistance to buyers in closing costs, play a big part in homes sales and in closing real estate transactions with FHA … [Read More...]

Existing-Home Sales Up In December

Existing-home sales continued on an upward trend in December, rising for three consecutive months and remaining above where they were one year ago according to the National Association of Realtors®. December existing-home sales rose 5.0 percent. For all of 2011, existing-home sales rose 1.7 … [Read More...]

Builders Upbeat

Confidence among builders is at its highest level since June, 2007, yet another sign that the new-home market is finally perking up after coming off some of its darkest days on record this past year. For the fourth consecutive month, builder sentiment for newly built, single family homes was on … [Read More...]

Twin Cities Area Home Sales Rise To Highest Levels Since 2006

The Twin Cities area actually saw a recovery in 2011 with a 8.2% increase in home sales. Unprecedented low interest rates and historically low housing prices are driving this recovery. From their peak in 2006, prices have fallen 35 percent. Half of closed home sales in 2011 were either … [Read More...]

Getting A Home Inspection

Before you jump in completely when buying a house, make sure that the house you are buying is safe, healthy and without hidden defects. A home inspection will help you identify problems you may have missed in your own evaluation of the home, and will give you the peace of mind that comes with a … [Read More...]

How Long Will Low Mortgage Interest Rates Last?

For nine consecutive weeks, the 30-year fixed-rate mortgage has been hovering at or below record lows of 4.00 percent, pushing housing affordability for home buyers higher. But how long will these low rates last? The Federal Reserve has vowed to keep rates low through 2013 so these rates will … [Read More...]

Several Housing Markets Head For Appreciation In 2012

With the boom in farm prices, many Midwest cities will emerge as leaders for some of the strongest predictions for housing appreciation for 2012. Kansas City, Kansas came in the top spot in HousingPredictor's annual survey, forecasting an appreciation rate of 5.8% for 2012. According to … [Read More...]

Pending Home Sales Rise Again

Pending home sales continued to gain in November and reached the highest level in 19 months, according to the National Association of REALTORS®. The pending homes sales index is a forward-looking indicator based on contract signings. The sustained rise in contract signings suggests that closed … [Read More...]

Housing Starts Up In November

New construction of U.S. houses rose 9.3 percent in November to a seasonally adjusted annual rate of 685,000, with multi-family activity leading the growth. This is the highest annual rate since April 2010. Economists polled by MarketWatch had expected an annual rate of 635,000 for starts in … [Read More...]

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