First-Generation Homebuyers Loans
A Comprehensive Guide
Minnesota Housing’s First-Generation Homebuyer Loan Program is now live, starting May 6, 2024! This fantastic opportunity provides funding for up to 1,500 eligible borrowers on a first-come, first-served basis. Act fast as funds are limited!
If you’re wondering where to start when it comes to getting a first-generation homebuyers loan, one of the most reputable lenders is First Class Mortgage located in Maple Grove.
First Class Mortgage Maple Grove has multiple financing options available for those looking to buy or refinance their homes. You can contact Casey Van Winkle or Brady Day at First Class Mortgage today to learn more about how they can help you achieve your homeownership goals!
- Loans up to $35,000 for downpayment and closing cost assistance.
- Requires the use of a Start Up first mortgage loan.
- Deferred, interest-free, and forgivable loan:
- Half of the loan is forgiven after 10 years.
- The remaining half is forgiven after 20 years, provided all terms are met.
