Home Ownership Programs in Woodbury MN
Posted by Homes of Minnesota Team on Monday, November 16th, 2009 at 11:42pm.There are several home buyer programs in Woodbury MN, both for first time home buyers and people who have owned homes in the past.
First, there is the Woodbury First-time Home Ownership Program. The aim of the program is to encourage home ownership in Woodbury MN by providing financing to low- and moderate-income first-time home buyers. Low-interest, deferred loans of up to $25,000 are available to qualified families who earn no more than 80% of area median income, currently $64,000 for a family of four. First-time home buyers are defined as a person or household that has never owned a home or has not owned a home in the last three years. The purchase price of the affected homes may not exceed $256,500. Single-family detached houses, townhomes or condo units are eligible for this program.
Second, there is the Woodbury Foreclosure Purchase Program. This program aims to encourage the purchase of foreclosed properties in Woodbury MN by providing financing to low- and moderate-income purchasers. Low-interest, deferred loans of up to $25,000 are available to qualified families who earn no more than 115% of area median income, capped at $90,000 per household. The purchase price of the affected homes may not exceed $256,500. Single-family detached houses, townhomes or condo units are eligible for this program.
Perhaps now is a good time to take a look at Woodbury MN real estate!
Print
Share1 Response to "Home Ownership Programs in Woodbury MN"
Leave a Comment
My Account
Log in, to view your saved searches and add to your favorite listings.
... So You Can:
- View detailed property information
- Print detailed property flyers
- Save your searches & favorite homes
- Inquire about a private showing
- Map individual property locations
- Share your favorite homes with friends
[...]
2
tweets
retweet[...]
Posted on Tuesday, November 17th, 2009 at 8:15 PM.