Jon Haworth - Real Estate Agent

Our office had a pretty great meeting yesterday with Minnesota Housing. A lot of people don't know about Minnesota Housing and how they can help people buy homes. With a credit score of 650 and a debt to income ratio of around 50%, you can qualify for the down payment and closing cost assistance program. The program gives up to $17k for both down payment and closing costs. Want more info? Check out their website: https://www.mnhousing.gov

As the housing market changes, we are always looking for ways that'll help people be able to not only buy a home but also afford that home. To combat higher interest rates you can do a 3-2-1 rate buy down. There's also assumable home loans. Here's two articles that'll explain both:

https://www.investopedia.com/terms/1/3-2-1_buydown.asp

https://www.investopedia.com/terms/a/assumablemortgage.asp