Home Down-Payment AssistanceState and Local Programs Stabilizing Neighborhoods

Encouraging Homeownership

• Incentive programs

• Low home prices

• Historical low interest rates

• Many neighborhoods to choose from

Home Buying ProgramsHome Buying Programs Play a Vital Role in our CitiesPlay a Vital Role in our Cities

Making it Possible

• Funds

• Financing

• Buyers and first-time buyers

Program to ProgramProgram to ProgramHomeownership InitiativesHomeownership Initiatives

Program Details Vary

• Low-to-moderate income

• Typically household size

• Single family and/or multifamily properties

• Some area median income (AMI)

HOMEOWNERSHIP ASSISTANCE FUND (HAF) HOMEOWNERSHIP ASSISTANCE FUND (HAF)

• First-Time home buyer

• Available statewide

• Single family and duplex

• Minnesota Mortgage Program (MMP): up to $3,000

• Community Activity Set Aside (CASA) Program: up to $5,000

HOME HOMEOWNER ENTRY LOAN PROGRAM (HOME HELP)HOME HOMEOWNER ENTRY LOAN PROGRAM (HOME HELP)

• First-Time home buyer • Twin Cities 11 county metro • $276,683 Purchase price or below• $1,000 to $10,000 if approved for MN Housing

CASA Loan - 0% interest deferred loan. 70% forgivable after 6 years, the remaining 30% is due upon maturity of the first mortgage, the property is sold, or the home is no longer owner-occupied.

Many More to Choose FromMany More to Choose From

Take Advantage of these Programs!Take Advantage of these Programs!

*Programs are being underutilized due to loan officers and real estate agents that do not know or do not have access to them. Down-Payment expertise helps unite you with the funding or financing available today!

Don’t Buy a Home and Find Out Later You Could Have Qualified!

Discover Hidden TreasuresYou May Not Be Aware Of

Peter Boyle – Senior Mortgage OfficerServing the Community 20 Years!Direct: 612 701 6816pboyle@summit-mortgage.comwww.PeterBoyleHomeLoans.com

Summit Mortgage CorporationPlymouth, MN 55441

Call Today!

NMLS #218261