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Category: special financing

USDA Rural Development 100% Financing Program Funding Ending

12 March, 2010 (14:21) | Community Issues, Info for Buyers, Info for Sellers, Market Stats, special financing | By: Aaron Dickinson - Edina Realty

Based off of conversations I’ve had and what I’m reading on the interwebs, it sounds like the USDA’s Rural Development program that allows home buyers to purchase for 0% down is almost out of funding and isn’t scheduled to receive new funding until September.
This program is heavily used in the boonies  the sticks Greater Minnesota. [...]

Minnesota Appliance Rebate Program Details Released – Up To $200 Back!

1 February, 2010 (14:06) | Energy Efficiency, city grants, special financing, tax credits | By: Aaron Dickinson - Edina Realty

The Minnesota Department of Commerce’s Office of Energy Security (what a mouthful) has just released more information on their energy star appliance rebate program.
On March 1 @ 8am the website and a phone number will launch with a rebate reservation system – residents will have to pre-register for the rebate and receive a specific reservation [...]

Why Loan Modifications & Short Sales Are So Tough

22 January, 2010 (06:50) | Community Issues, Foreclosures and Short Sales, Info for Sellers, Neighborhood Info, special financing | By: Aaron Dickinson - Edina Realty

Minnesota Home Ownership Center does a great job of helping struggling homeowners determine and exercise their options.  Their blog post yesterday introduced me to a short article from Public Citizen that explains a large part of our problems in negotiating loan mods and short sales.

Investors Competing with Home Buyers on Foreclosures

20 January, 2010 (08:57) | Community Issues, Foreclosures and Short Sales, Info for Buyers, Market Stats, Opinion, Personal Experiences, investors, special financing | By: Aaron Dickinson - Edina Realty

In the last 12 months I’ve had a few situations where my client’s offer on a foreclosure was rejected in favor of a cash offer.  In my office, I know of many others that have experienced the same thing.
With the data provided by RMLS that I used yesterday to comment about FHA transactions, I am also able [...]

Financial Help For Homeowners Displaced By Foreclosure

17 December, 2009 (17:51) | Community Issues, Foreclosures and Short Sales, General, city grants, special financing | By: Aaron Dickinson - Edina Realty

My friend Ed Nelson over at the Minnesota Home Ownership Center (MNHOC) posted information about their new program to help homeowners AFTER their foreclosure on their blog.  Here is an excerpt from that post:
The Minnesota Home Ownership Center is pleased to announce a new pilot program that may assist families AFTER the foreclosure of their [...]

Buy for 0% Down in Columbia Heights

25 November, 2009 (10:47) | Community Issues, Info for Buyers, Mortgage Rates, special financing | By: Aaron Dickinson - Edina Realty

Columbia Heights just revised their down payment assistance program to expand it to cover many more borrowers and properties.  Please call me with questions.  Search homes for sale in Coon Rapids now!
Make Heights Your Home
Columbia Heights Down Payment Assistance Program
Program Summary
Down payment assistance for homes purchased with a 203K loan or other similar financing. The [...]


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