!!!A Contract for Deed Like NO Other!!! (Hennepin County)
This 100% financed contract for deed loan is income-based and designed for individuals with less than perfect credit. There is NO credit score requirement!
• 100% Financing
• Max loan size $225,000 w/ no minimum loan size
• Primary residence occupancy
• 10-year term w/ 30-year amortization
• 7.5% Fixed Interest Rate
• Rehab $ available (up to 10% of loan)
• No Pre-penalty payments
• No Mortgage Insurance
• No minimum credit score required
• Eligible property types: Single Family, Condos, Duplex, 4-Plex, and Townhomes
• Eligible areas include: All of Minneapolis & St. Paul and parts of Dakota, Anoka, Washington, and Scott Counties.
• Stable and Sufficient Income
• Past Bankruptcy, Foreclosure and Short Sale applicants eligible
• No open Judgments or Liens. Open collections considered only if currently making payments
• Borrower must have a minimum investment of $2,000 (applied to closing costs & other fees) Note: This money is not due immediately upon applying but do need to prove or show source of funds.
• Must complete a homebuyers course (either online or in-person; cost $20-$50)
• Must attend Financial Counseling w/ a Budget Coach (cost $100)
• Credit Report (cost $17 per person)
Call me today for more details and to discuss how we can help you OWN a home!
Keller Williams Classic Realty
- do NOT contact me with unsolicited services or offers