First-Generation Homebuyer Loan
Minnesota Housing's First-Generation Homebuyer Loan Program is a downpayment and closing cost loan for first-generation homebuyers. The program offers loans up to $35,000.
Details
- Down Payment Assistance TypeForgivable Loan
- Down Payment Assistance Amount Up To35000
- First-Time HomebuyersYes
- Mortgage InsuranceYes
- FHA Down Payment Eligible Yes
- Can be Layered with other ProgramsYes
- Homebuyer Education AttendanceOne Borrower
Eligible Property Types
- Single Family Home
- Duplex/2-unit
- Town Home
Loan Term
- 30 year
Funds can be used for:
- Down Payment
- Closing Cost
State(s)
- Minnesota
Homebuyer Education Requirement Option(s)
- Home Stretch
- Framework
- Freddie Mac Credit Smart
- Fannie Mae Home View
Occupancy Type
- Primary Home
Financial Instution
CMG Home Loans
Role
Loan Officer
Location
731 Bielenberg Dr suite 204, Woodbury, MN 55125, USA
Reviews (0)
About the listing author
Hello, I'm George Gershon | CMG Home Loans | Loan Officer.
I got into the mortgage business in a strange way. I have a degree in Hospitality Administration and a minor in business and was happy in the restaurant and hotel…
I got into the mortgage business in a strange way. I have a degree in Hospitality Administration and a minor in business and was happy in the restaurant and hotel…