First Time Home Buyer Class MN Upcoming First Time Home Buyer Classes in Minnesota: Please click on the Class Name for More Information and to Register for the First Time Home Buyer Class MN: Monday, May 22nd, 2023 – 6:30 – 8:30 PM – Minneapolis Community Education Class – Mortgage Financing: An In-Depth Look at The […]
First Time Home Buyer Class Minneapolis How Much House Can I Afford in Today’s Market? About the First Time Home Buyer Class Minneapolis: This class is all new and located at Lake Harriet Upper School in South Minneapolis, MN now online! The class is on Tuesday, October 5th, 2021 from 6:30-8:30 pm. Wondering how much […]
How much is a down payment on a house? That varies whether you are a First Time Home Buyer, repeat buyer, or qualify for any unique loan programs. For many people, the minimum is 3% of the purchase price with a Conventional Loan (up to your Conforming Loan Limits) or 3.5% for a FHA Loan […]
‘How Much House Can I Afford?'(The Definitive Guide)Home Affordability Calculator Reveals what a Lender thinks you can afford AND how much House You can Afford based on what you Want to Pay per month.*Updated with 2017 Industry Rules/Guidelines*Buying a house? The first question is to determine how much you can reasonably afford. That is a […]
FHA lowering Mortgage Insurance – Not Anymore… UPDATE! HUD previously announced on January 9th, they would lower FHA Mortgage Insurance. Information below for reference. Shortly after the new President was sworn in on January 20th, the Trump administration halted the MI reduction. Mortgage Insurance will retain their previous premiums per the January 20th, Mortgagee Letter. FHA […]
How Much House Can I Afford? – Home Affordability Series What is Debt to Income Ratio? (DTI) The Summary: Debt to Income Ratio is your monthly debt payments divided by your gross monthly income (expressed as a %). In the case of a home purchase, you would also include your new proposed monthly housing payment […]
