The information below about a NEW ZERO Down financing program comes from The Minnesota Housing Finance Agency and more information will be coming soon!
This type of program could mean help for Twin Cities home buyers that are on the fence about buying their first home. From rumors I have heard, there will be income limits and credit requirements for this program (appears to also be geared for first time home buyers).
As always, check with your local mortgage lender to see if you qualify. I’ll post more information when I get updates. A couple of lenders that I like and that have access to these programs are:Alec Grebis with Bell Mortgage and Cornerstone Mortgage.

New Loan Product for the Minnesota Mortgage Program

Minnesota Housing will soon be offering Affordable Advantage, a loan product that helps serve low- and moderate-income borrowers. The product has flexible terms and is one of the few 100 % LTV products available in the market. The product is based on Fannie Mae’s Affordable Advantage™, an initiative developed exclusively for Housing Finance Agencies, including Minnesota Housing.

Contact me for more information or to start the home search process!
Jen McKinnon
Real Estate Agent / Investor
AGENT REFERRAL NETWORK
Member of The Minnesota Real Estate Team
jen[at]MnRealEstateTeam[dot]com
612.384.1073