About Joy Bender CMPS- Lake Area Mortage
Up to $10,000 in HOME HELP II Assistance for non-First Time Home Buyers
Must purchase a Foreclosed Home in a targeted zip code
Maximum Household Earned Income Limits 11 County Metro
1 person $44,800
2 people $51,200
3 people $57,600
4 people $64,000
5 people $69,100
Other income limits for outside 11 county metro and households up to 8 people
Minimum 620 credit score
1st time home buyer - individual who has not owned a home in the past 3 years
$3,000 MN HOME Homeowner Entry Loan Program to provide financial assistance to first-time homebuyers to address increased down payment requirements resulting from the Declining Markets designations in much of the 11 county Twin Cities Metropolitan area.
Up to $14,999 down payment assistance 70% forgiven after 5 years up to $10,500
City of Woodbury up to $25,000 for first time home buyers or if buying a FORECLOSED REO property up to $25,000 for ANY buyer.
Minneapolis & St. Paul City Living
1. 2%-4% Grant Assistance
2. Subsidized interest rates
3. You do not have to pay back!
Additional Minneapolis Programs
American Dream Downpayment Initiative
• Up to 6% of sales price or $10,000 (whichever is greater)
Sheridan Neighborhood
• Up to $5,000 deferred loan (forgivable after 6 years
Folwell First Time Homebuyer Assistance
• Up to $3,000 (0% interest deferred loan)
Ventura Village Homebuyer Program
• Up to $5,000 (loan is forgivable after 5 years)
Humboldt Greenway Assistance
• Up to $44,000 at 0% interest
Lyndale Neighborhood
• Up to $3,000 for down payment or closing costs
Additional St. Paul Programs
Entrance Cost Assistance Loan (ECAL)
• Up to 6% of sales price or $10,000 (whichever is greater)
• Property located in district 3, or 5-9
Additional County Programs
Washington County FirstHOME
• Up to $10,000 entry cost assistance
Ramsey County FirstHOME
• Up to $20,000 entry cost assistance
Anoka County
• Up to $5,000 entry cost assistance
City of Plymouth
• Up to $25,000
• (0% interest deferred loan)