Minnesota Housing
Minnesota Housing
SWBC Mortgage is a proud partner of the Minnesota Housing Finance Agency. MN Housing offers down payment assistance for both first time and repeat homebuyers. It is possible to purchase a home with only $1,000 of your own funds with the MN Housing programs!
The Start Up program is for first-time homebuyers, which is someone who “has not had an ownership interest in a principal residence in the last three years.” If you’ve never owned a home, or it’s been more than three years since you’ve been a homeowner, you may be considered a first-time homebuyer.
If you’re not a first-time homebuyer – or you’re a first-time homebuyer who exceeds the income or purchase limits for Start Up – the Step Up program might be a great option.
Do I Qualify?
As a rule of thumb, when interest rates are low, fixed-rate loans are generally not that much more expensive than adjustable-rate mortgages and may be a better deal in the long run, because you can lock in the rate for the life of your loan.
- Fixed Rates
- Conventional Loans
- Jumbo & Super Jumbo Loans
- FHA, VA, & USDA Loans