First Time Home Buyer in Anoka County, MN? Low Interest Loans Available!

By
Real Estate Agent with REMAX Specialists Minnesota License#90858

homebuyer

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/

Posted by

Teri Eckholm. REALTOR with RE/MAX Specialists, is a native Minnesotan who has lived and worked in the Minneapolis St Paul metro all of her life. She specializes in lakeshore homes, acreage properties and first time home buyers but assists anyone making a move in the north and east Twin Cities metro.

If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give Teri , a call or visit her website for a FREE Home Buyer Success Guide or FREE Home Value Report She 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 2014 www.terieckholm.com

 

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Show All Comments
Rainmaker
1,072,243
Gary White~Grand Rapids Home Selling Pro Call: 616-821-9375
Flexit Realty "Flexible Home Selling Solutions" - Grand Rapids, MI
Real Estate Services You can Trust!

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.

May 14, 2008 09:03 AM #1
Rainmaker
1,448,735
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Authentic Feng Shui Expert

Teri, Those homebuyer classes sound wonderful.  What great information to share and a terrific time to purchase in your area. 

May 14, 2008 10:02 AM #2
Rainmaker
156,900
Sandra Cummings
William Raveis Real Estate - Guilford, CT
Real Estate Agent, Guilford Connecticut

Teri - Great information, homebuyers should jump on this opportunity and the classes should be mandatory for all first time homebuyers.

May 14, 2008 12:11 PM #3
Rainmaker
639,998
Marchel Peterson
Results Realty - Spring, TX
Spring TX Real Estate E-Pro

TERI, that is really good news for buyers in your area. 

May 14, 2008 04:06 PM #4
Rainer
200,847
Mana Tulberg
805 County Real Estate - Camarillo, CA
Real Estate Agent - Camarillo CA

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.

May 14, 2008 05:10 PM #5
Rainmaker
536,368
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co

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.

May 14, 2008 11:13 PM #6
Rainmaker
412,187
Mesa, Arizona Real Estate Mesa Arizona Realtor
Teri Ellis at Homes Arizona Real Estate LLC - Mesa, AZ

Teri, looks like a great program AND, what a great way to let your consumers know! ;-) Do you get many utilizing these benefits?

Pepper

 

May 15, 2008 09:46 PM #7
Ambassador
568,646
Lizette Fitzpatrick
Lizette Realty - Lexington KY - Richmond KY - Lexington, KY
Lizette Realty,Lexington KY MLS - Kentucky Homes -

Wow! This sounds like a fantastic program. It's a great time to buy a homes. The great deals won't last forever.

May 15, 2008 11:16 PM #8
Ambassador
738,669
Jeff Belonger
Social Media - Infinity Home Mortgage Company, Inc - Cherry Hill, NJ
The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans

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.

jeff belonger

May 16, 2008 12:00 AM #9
Rainmaker
201,298
Marzena Melby
Coldwell Banker Burnet Realty - Richfield, MN
Realtor, Twin Cities Minnesota Real Estate

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.

May 18, 2008 11:07 AM #10
Rainmaker
604,503
Teri Eckholm
REMAX Specialists - White Bear Lake, MN
Acreage & Lakeshore REALTOR Minneapolis St Paul

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!

May 19, 2008 07:46 AM #11
Rainmaker
204,699
Chris Tesch
RE/MAX Bryan-College Station - College Station, TX
College Station, Texas Real Estate

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!

May 19, 2008 04:53 PM #12
Show All Comments
Rainmaker
604,503

Teri Eckholm

Acreage & Lakeshore REALTOR Minneapolis St Paul
Looking to buy or sell in the Twin Cities? Contact Me Today!
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