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First-Time Homeby grs
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<br /> Are you a first-time homebuyer interested in buying a home in Anoka County?
<br /> Minnesota Housing, the state's housing finance agency, funds various homebuyer and homeowner programs. The County,
<br /> on behalf of its municipalities, participates in Minnesota Housing's Start Up program for first-time homebuyers. The program
<br /> offers affordable fixed-rate mortgages to qualified buyers; down payment and closing cost loans may also be available, This
<br /> year over five million dollars ($5,736,658) is available for loans to qualified first-time buyers who wish to purchase homes in
<br /> Anoka County, FYI: Mobile home purchases don't qualify unless the home is permanently attached to a lot and taxed as
<br /> real property.
<br /> Municipalities in Anoka County: Andover,Anoka, Bethel, Blaine, Centerville, Circle Pines, Columbia Heights, Columbus, Coon Rapids,
<br /> East Bethel, Fridley, Ham Lake, Hilltop, Lexington, Lino Lakes, Linwood Township, Nowthen, Oak Grove, Ramsey, Spring Lake Park and
<br /> St. Francis
<br /> Minimum Start Up Reguirements for 2019:
<br /> You may be eligible if you:
<br /> ® are a first-time homebuyer or haven't owned a home in the past three years
<br /> ® meet minimum credit score requirements as set by Minnesota Housing
<br /> • don't exceed income limits- Combined household INCOME limits are: 1.2 Persons -$94,300*
<br /> 3+ Persons - $108,400*
<br /> ® don't exceed purchase price limit- Home PURCHASE PRICE limits are: $328,200*
<br /> *Interest rates, income limits and home purchase prices are subject to change during the program year
<br /> Check Minnesota Housing's web site www,mnhoqabg,,n for current rates, limits and prices
<br /> 1, The first step in the process is contacting an approved lender- you must use a lender approved by Minnesota
<br /> Housing. You can find one by visiting their website at www.mnh0USiDg.q0V look under the "Homebuyers &
<br /> Homeowners"tab, click"Find a Lender"
<br /> 2. You may be required to attend a homebuyer education class as part of this process; if so, here are two options:
<br /> ® HomeStretch- an in-person class offered by the Anoka County Community Action Program (ACCAP)AAw�,acca org
<br /> • Framework- an on-line course offered by the Minnesota Homeownership Center www.hocmn.org
<br /> 3. Minnesota Housing also offers qualified buyers down payment and closing cost loans up to $15,000,
<br /> Anoka County does not fund its own down payment assistance program.
<br /> -Minnesota Housing also helps with refinancing and rehabbing homes, visit their website to /earn more-
<br /> CONTACTS:
<br /> 4. To have an information packet mailed to you - call Linda at Anoka County (763)324-4601;
<br /> 5. For the local HomeStretch class, call ACCAP at (763) 783-4747 or visit www.accap.org
<br /> 6. For Framework or other homeowner info, call MN Homeownership Center at 651-659-9336 or visit www.liocmn.org
<br /> 7. For more program information, including finding an approved lender, call Minnesota Housing at (651) 296-8215 or
<br /> 800-710-8871 or visit www,mnhousing,gov
<br /> Check Anoka County's Community Development website www.AnokaCo:untLuslcd for additional info on
<br /> county-run Homeowner programs including: Low-Interest WellFse—ptic Loan Program, Home Rehab Loans and more.
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<br /> As of: 2/14/19
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