HARP 2.0 in MN, WI, or SD - Home Affordable Refinance Program Details and FAQ

    For existing Fannie Mae and Freddie Mac loans only.. 

    • Home Lost Value? That's OK
    • Underwater on your mortgage? That's OK?
    • Own more than home is worth?  That's OK  

Other streamline refinance programs


FHA Purchase Loan in MN, WI, or SD or WI
    Minimal Down Payment and Low Closing Costs. 
    • Down payment just 3.5% of Sales Price
    • Gift for down payment and closing costs allowed.
    • Not just for first time home buyers.
    • FHA regulated closing costs.
    • Seller can pay up to 6% of sales price towards buyers costs.
    Easier Credit Qualifying Guidelines such as: 
    • Minimum FICO credit score of 640.
    • FHA will allow a home purchase two years after a Bankruptcy.
    • FHA will allow a home purchase three years after a Foreclosure.

FHA Cash Out Refinance In Minneapolis area

    Cash-Out Refinance up to 85% for existing or new FHA mortgages. 
    • Cash-Out up to 85% of your properties value.
    • Consolidate first and second mortgages into single loan.
    • Bill consolidation programs.
    • Easier credit and income qualifications.
    • FHA  regulated closing costs.
     

    Rate and Term Mortgage Refinancing up to 96.5% of your homes value.

    • Consolidate first and second mortgages  into a single loan.
    • Competitive rates for borrowers with a Bankruptcy older than two years.
    • Competitive rates for borrowers with a Foreclosure older than three years.
    • Easier credit and income qualifications.
    • FHA regulated closing costs.
HARP Refinance Refinance

    For existing FHA loans only.. 

    • No Cost Interest Rate Reductions programs.
    • NO APPRAISAL option
    • No Income or Credit Qualifications Option.
    • Zero cost refinance options available.
    • Easily switch amortization from adjustable to fixed. 
  • FHA 203k Streamline fix up purchase program

      For buying a home with repair money.. 

      • Finance repair costs
      • Up to $35,000
      • Buy a fixer upper
      • FHA 203(k) is government backed


Standard Conventional Loans

    Fannie Mae and Freddie Mac backed... 

    • 30-yr, 25-yr, 20-yr, 15-yr, and 10-yr fixed
    • 1-yr, 3=yr, 5-yr, 7-yr, and 10-yr adjustable (ARM)
    • Up to 95% Loan-to-Value
    • Ask about our NO PMI Options (even OVER 80%)

VA Loan for Purchase in St Paul, Minneapolis area

      ZERO Down Payment and Low Closing Costs. 
      • Down payment = ZERO 
      • Gift for closing costs allowed.
      • Not just for first time home buyers.
      • VA regulated closing costs.
      • Seller can pay all buyers closing costs.
      Easier Credit Qualifying Guidelines such as: 
      • Minimum FICO credit score of 640.
      • VA will allow a home purchase two years after a Bankruptcy.
      • VA will allow a home purchase three years after a Foreclosure.

    VA Refinance in Minneapolis area. 

    • Cash-Out up to 85% of your properties value.
    • Consolidate first and second mortgages into single loan.
    • Bill consolidation programs.
    • Easier credit and income qualifications.
    • FHA  regulated closing costs.
    Rate and Term Mortgage Refinancing up to 100% of your homes value.
    • Consolidate first and second mortgages  into a single loan.
    • Competitive rates for borrowers with a Bankruptcy older than two years.
    • Competitive rates for borrowers with a Foreclosure older than three years.
    • Easier credit and income qualifications.
    • FHA regulated closing costs.

      VA Streamline Refinance (IRRL)

        For existing VA loans only.. 

        • No Cost Interest Rate Reductions programs.
        • NO APPRAISAL option
        • No Income or Credit Qualifications Option.
        • Zero cost refinance options available.