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/

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If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me, Theresa "Teri" Eckholm, 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.

 

Buying a Home? Check out my HOME BUYER'S BLOG!

Copyright 2014 Teri Eckholm http://www.terieckholm.com/

 

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Comments 12 New Comment

Ambassador
565,974
Lizette Fitzpatrick
Lizette Realty,Lexington KY MLS - Kentucky Homes -
Lizette Realty - Lexington KY - Richmond KY

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
Ambassador
738,141
Jeff Belonger
The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans
Social Media - Infinity Home Mortgage Company, Inc

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
Rainmaker
201,188
Marzena Melby
Realtor, Twin Cities Minnesota Real Estate
Coldwell Banker Burnet Realty

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
Rainmaker
596,526
Teri Eckholm
Acreage & Lakeshore REALTOR Minneapolis St Paul
REMAX Specialists

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
Rainmaker
204,277
Chris Tesch
College Station, Texas Real Estate
RE/MAX Bryan-College Station

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
Rainmaker
596,526

Teri Eckholm

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

Theresa "Teri" Eckholm/REMAX Specialists assists Minnesotans to find their way home with helpful tips and quality service. Dedication to customer service has made Teri the REALTOR® of choice for families in Blaine, Forest Lake, Ham Lake, Lino Lakes and Wyoming areas. Licensed in MN.


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