Click to call (651) 552-3681
The biggest HomeReady program benefit is clearly the low 3% down payment requirement.
Next is the flexible source of your down payment. It can be:
Using non-borrower household member family income greatly extends mortgage and homeownership access to multi-generational families!
All mortgage loans have a long list of qualifying guidelines. Therefore we suggest you don't try figuring it out on your own. Rather, simply complete a full mortgage application, and let one of our expert licensed Loan Officers assist you.
Click here to complete a full onlineHomeReady Mortgage Application(651) 552-3681 to complete an application over the phone, or to schedule an appointment in our St Paul, MN office.
By applying, you are not committing yourself to anything.
Rather, you are simply giving the mortgage company all the information we need to help determine what loan programs you qualify for, how much house we will let you buy, what monthly payments might look like, and how much money you may need to pull it all together.er.If it all looks good, you'll be given a Mortgage Pre-Approval Letter, and put in contact with a local real Estate Agent to help you find your new home.
The HomeReady Mortgage program DOES REQUIRE a First Time Home Buyer Education Class. If you are getting Down payment Assistance, you WILL need also need to take a homebuyer education class.
But not all other first time home buyer programs required homebuyer education classes.
While we think these classes are beneficial to most new home buyers, before
taking a class, contact us to determine if one is even needed.
If you need a class for your loan, we will direct you the required class to take.
TIP: Classes put on by Real Estate Agents do NOT count, and are really more of a sales gimmick to get you to use that agent.
Different mortgage loan programs have different credit criteria. You may qualify for one program, but not another. If you have any of the following items, you probably are not ready to buy a home today regardless of the program:
* Poor Credit (middle credit score BELOW 620)
* Delinquent Government Debt (back taxes, student loans)
* Large or multiple unpaid collection accounts
* More than 2 late mortgage or rent payments in the past 12 months
* Unpaid Tax Liens (must be paid off to buy)
* Foreclosure less than 3-years old
* Bankruptcy Chapter 7 less than 3-years old
* Bankruptcy Chapter 13 less than 1-year old
Mortgages Unlimited, Inc - St Paul Office
Fax (651) 994-6425
Check our BBB rating
Equal Housing Lender © 1998-2017 Joe Metzler for Mortgages Unlimited, Inc