You probably don’t know this but there is a little known secret in the mortgage industry called the USDA mortgage. Through the USDA Minnesota Rural Mortgage Program, home buyers can still purchase homes in Minnesota with no money down. This covers most of Minnesota including the outer suburbs of the Minneapolis – St. Paul metropolitan area. These programs allow Minnesota home buyers to obtain a mortgage with no mortgage insurance and low interest rates. These are 30 year fixed mortgages and if you qualify for this program and you are a Minnesota first time home buyer, you will still be able to qualify for the $8,000 tax credit for first time home buyers from the federal government. For more information contact Dominic DesMarais at Metropolitan Financial Mortgage. He can be reached at 612-247-8322.
