Mortgages Unlimited, Minnesota and Wisconsin
(651) 552-3681       Service Sets Us Apart

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Minnesota MHFA First time home buyer loan provider. www.JoeMetzler.com

Homeownership Is Still the American Dream. We make it possible with FHA or Minnesota's MHFA First Time Home Buyer Mortgage Programs (Minnesota Housing Finance Agency)

We are proud to make YOUR home buying dreams come true!

Owning your own home is a goal most Americans continue to strive for, but in today's economy many families are wondering if things have changed. Just a short time ago everyone agreed that it was a seller's market, yet buyers were everywhere hoping to get on the bandwagon while prices were appreciating at double-digit rates.

Click HERE to run our Rent VS Buy CalculatorToday that has all changed. The sellers market has turned into a buyer's market. So where are all the buyers? Mixed messages from the media, concerns about home loan financing and the mortgage industry, and fears about selling an existing home have all played a part in drying up the real estate market.

This is leaving some pretty amazing deals - especially for first time buyers! Homeownership is still a great choice for most families today, and those buying today will look like a genius a few years from now.

Looking for a home loan in the Twin Cities area? Search the entire MLS for FREE!

When you decide to buy a home or refinance a mortgage in Minneapolis, St. Paul, or the surrounding areas, your search for a home loan or mortgage should start and end here.  With so many lenders to choose from in the greater metro area, and nationally, you need to choose one you can trust to find the mortgage loan that’s best for you. Plus, as a Home Buyers Scouting Report Preferred Lender, you have access to the most amazing home search tool for FREE.

But the bottom line is that homeownership is still a great choice for many, many families today. Let us show you how!

FREE REPORTS
The COMPLETE Home Buyers Guide to Financing Your Home

Understanding Your FICO Credit Score

Knowing and Understanding Your Credit

 #1 Mistake People Make When Buying a Home

MHFA Minnesota Housing Finance AgencyMHFA loans from www.Joemetzler.com

Benefits of MHFA (Minnesota Housing Finance Agency) State Assistance Mortgage Loans

  • Below-market interest rates
  • Interest-free loans to help with down payment and closing costs as well as monthly payments.
  • No extra fees or discount points
  • 30-year fixed (Option of a 40-year term under the CASA program)

FOUR Mortgage Loan Programs

Minnesota Mortgage Program (MMP)
MMP offers mortgage loans through local lenders to low and moderate income homebuyers throughout Minnesota.
The Minnesota Mortgage Program (MMP) is a first time homebuyer loan program that helps low to moderate income Minnesotans to buy a home. The interest rates are below market rates and available to Minnesotans based on their income. Income and Home Price Limit Tables are linked below. Find out today how YOU CAN be on the road to homeownership with the Minnesota Mortgage Program.
 
HOME Help
Up to $14,999 in down payment and closing cost assistance for those who qualify. Call 651-552-3681 for qualifying details

 

Minnesota City Participation Program (MCPP)
Loans are traditionally available from April through December through MHFA’s lender network.
 
CASA provides access to pools of mortgage loan funds for community based partnerships that support targeted local homeownership efforts. Homebuyers obtain CASA loans through lenders participating in the CASA program.
A 40-year loan term is available to eligible CASA borrowers. This option increases affordability through lower payments.

Basic Program Guidelines

To be eligible for a Minnesota Mortgage Program loan you must:

Click HERE - Apply right now for your MHFA home loan at www.Joemetzler.com

Buy a home with a $100 down payment!
Call me or APPLY to learn about The $100 down HUD REPO Loan

Click here to get a FREE quote and Good Faith Estimate

Click here to apply online

 

NOTE: If the home you want is more expensive, or your income is above the limits, you still have plenty of options with other loan products such as "My Community Mortgage", "Home Possible", "FHA", "VA", and "Flex 97". Call for details!

Homeownership Assistance Fund (HAF)

The Homeownership Assistance Fund (HAF) is available only to borrowers participating in one of MHFA’s mortgage loan programs. The program provides Entry Cost Assistance to help borrowers with their down payment and closing costs and Monthly Payment Assistance, which pays a portion of a borrower’s monthly mortgage payments during the early years of the loan.

Borrowers qualify for HAF assistance is they meet one of the following criteria;

  • Eligible for CASA program
  • Single headed household
  • Household of color or Hispanic ethnicity
  • Household contain person(s) with disabilities
  • Borrowing purchasing in a low income tract
  • Household earns less than 60% of medium income

Interest free HAF loans are paid back when the homeowner sells, refinances, no longer occupies the home or pays off the first mortgage.

Homeownership Assistance Fund and Minnesota Urban and Rural Homesteading (State Funded) Program Income Limits

First Time Homebuyers who are qualified for one of the Minnesota Housing First-time homebuyer programs (Minnesota Mortgage Program, Community Activity Set Aside or Urban Indian Housing Program) can use the charts below to determine if they also qualify for the Homeownership Assistance Fund (HAF).

MMP Program Borrowers at or below the following household incomes representing 60% of Median Income qualify for HAF.  These limits also apply to the Minnesota Urban and Rural Homesteading (State Funded) Program.  Income limits are based on HUD median family income estimates and calculated at 60% of the greater of state or area median income:

CLICK TO APPLY - MMP. MHFA www.JoeMetzler.com

CASA and Targeted MMP Borrowers must meet the program income limits for First-time homebuyer programs to use the Homeownership Assistance Fund at or below the following state or area median household incomes:

CLICK TO APPLY - MHFA - www.JoeMetzler.com

* For MHFA loan purposes, first time homebuyer is defined as anyone who has not owned a home or an interest in a home in the past three years.

 

  Equal Housing Lender

Policies, Procedures, Disclaimers

33 Wentworth Ave E - Suite 290
West Saint Paul, MN 55118

(651) 552-3681  

Member in Good Standings, National Association of Mortgage Brokers Read our weekly Mortgage Market review Member in Good Standings, Minnesota Mortgage Association

Our services available only for properties located in Minnesota, Wisconsin, and Florida. PLEASE DO NOT KEEP US A SECRET from your FRIENDS. Licensed as Mortgages Unlimited, Inc. and Great Rivers Mortgage. As a Lenders One partner, we are part of the 9th Largest Retail Mortgage Originators in the country. We are consistently ranked as one of the top lenders in Minnesota by Minneapolis St. Paul Business Journal. Any use or duplication of any materials is  strictly prohibited.  All images, text, and materials Copyright © 1998-2008. Metzler Enterprises, LLC. All Rights Reserved.

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