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MN First Time Home Buyer Classes Registration
Learn More about our Minnesota First Time Home Buyer Classes and Programs

To obtain down payment assistance as a first time home buyer, you are required to attend a MN state approved 8 hour home buyer education class. This class is mandatory for Minnesota Housing Finance Agency (MHFA) loans, Dakota County First Time Home Buyer, City Living, and many other programs.

This class can be taken online ( Framework ) or in person ( HomeStrech ). There are different costs for each class ranging from as low as $15 to $75 per household. Only 1 borrower is required to attend. 

NO PRESSURE, NO OBLIGATION. No software, books, or anything else to buy. They will teach you about making good decisions in your future home buying experiences, and provide great information about the qualifying process, improving your credit score, and much more. There is no better way to learn about being a First Time Home Buyer in Minnesota than to attend an approved home buyer class. Upon completion, you will received the required completion certificate you need to give your loan officer.

We will contact you shortly to determine class time and locations, or to give you online course instructions.

Registration Contact Information -  All field REQUIRED to register
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When do you expect to buy a home.

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Learn More about our Minnesota First Time Home Buyer Classes and Programs

What is a First Time Buyer Loan?

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Many people dream of owning a home but the home loan process can be confusing for many first time home buyers. We offer first time buyers with many home loan options and assist the buyer in finding the best home loan for them. First time home buyer programs can offer lower interest rates, low down payments, or reduced taxes.
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FHA and VA Loans for First Time Buyers

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First time homebuyers often experience the most difficulty amounting a significant down payment and everyone should have the opportunity to buy a home. For this reason the Federal government has developed two loan programs to assist homebuyers that have a little or no down payment. These programs are called the Federal Housing Administration (FHA) and the Veteran's Administration (VA). These programs are not solely intended for first time home buyers; your home loan advisor will be able to determine if you qualify and if so which program is acceptable for your needs. FHA and VA loans can be especially advantageous when combined with a HFA or MCC first time homebuyer program.
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Who is Eligible for a First Time Buyer Loan?

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First time home buyer programs are designed to help borrowers who may not have enough money to pay the full cost of the down payment or the closing costs on a mortgage. These programs make obtaining a mortgage more cost effective. There are even programs specifically for residents of each state. First time home buyer programs are available to those who have not owned a home for the past three years.
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Community Home Buyer Programs

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Community homebuyer programs reduce the down payment the borrower must pay to 3%, which must be the borrower's own funds. The closing costs can be gift funds, a grant, or seller assistance up to 3% of sale price. This type of home loan requires the home buyer to take a class on home ownership in their state. Upon completion of the class, the homebuyer will receive a certificate that reduces the cash requirement and expands the qualification ratios. Community homebuyer programs have been making it possible for many people to have the opportunity to buy a home.
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What are Pre-Paids or Escrows?

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Escrow is a deposit of funds, a deed or other instrument by one party for the delivery to another party upon completion of an event. In simpler terms, escrow is where the transaction changes hands and prevents the seller from not receiving the money from the sale and prevents the buyer from not receiving the home that was purchased. Escrow is important to both buyers and sellers during the mortgage process.
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Mortgage Credit Certificates

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A Mortgage Credit Certificate or MCC is a certificate awarded by your local government agency authorizing the home loan borrower to take certain federal income tax credits. The credits awarded help to free up funds and make the monthly home loan payments more affordable for the homeowner. First time home buyers are typically the candidates eligible for an MCC but in special cases that you may discuss with your home loan advisor this requirement may be waived. Income and purchase price requirements also vary state to state and should be covered in conversations with your home loan representative.
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First Time Home Buyers Programs

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At Mortgages Unlimited, our company offers a wide variety of first time buyer programs to Minnesota, Wisconsin, and South Dakota first time buyers. First time buyer programs can make securing a Minneapolis St Paul and surrounding area home loan easier and more affordable. Contact The Joe Metzler Team at your premier Minnesota mortgage lender, Mortgages Unlimited to begin your first time buyer loan.

 

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33 Wentworth Ave E - Suite 290
St Paul, MN 55118

(651) 552-3681  

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Our services available only for properties located in Minnesota, Wisconsin, and South Dakota. PLEASE DO NOT KEEP US A SECRET from your FRIENDS. Licensed as Mortgages Unlimited, Inc. Nationwide Mortgage License # 225504. Joe Metzler NMLS Originator Lic # 274132. As a Lenders One partner, we are part of the 3rd Largest Retail Mortgage Originators in the country. We are consistently ranked as one of the top mortgage lenders in Minnesota by Minneapolis St Paul Business Journal. Any use or duplication of any materials is  strictly prohibited.  All images, text, and materials 1998 - 2017 Joe Metzler. This is the private web site of Joe Metzler, NMLS #274132. All Rights Reserved.