Creative Financing MN
Have you been turned down for a home loan or denied financing with a bank? We know it can be frustrating for various reasons. Foreclosure, bankruptcy, self employment, etc. These things are OK with Creative Financing MN. If you have some cash available, then we have some great options available to you. If you have access to funds for a down payment, then we should talk! If you are selling a home, and want to buy another home, we can help!
Are you looking for a hard money lender? contract for deed? lease with option to purchase, or rent to own? We have many programs available to help you buy a home. We also work direct with local private investors that offer financing options.
We can help you get into a home with a variety of options and contracts available. Let’s talk about the details of your specific needs and find a solution for you.
Below is a break down of some of the highlights of each of these creative financing MN options.
Creative Financing MN options:
Hard money lenders: Minimum of 20-25% down payment ($46,000 minimum on $200k minimum purchase price).
Contract for deed Minimum of 10% down payment option between $250- 550k purchase price. 15% down from $200k – 249k ($35,000 minimum down payment on $200k minimum purchase). And 15% down for homes over $550k. You can put down up to 25% down payment with better rates and terms. The property must be within the 7 county metro area for 10-15% down. A minimum of 25% down payment anywhere in the state of MN. ($57,000 minimum on $200k minimum purchase).
Rent to own 2 months rent deposit. ($2500/mo. – $5000 minimum deposit) Within the twin cities MN area, and surrounding suburbs. Requires a credit score of 620 or more. Annual household income of $80k or more.
Standard mortgage financing
Available in Minnesota and Wisconsin – The best way to purchase a home is with a mortgage. If you have a credit score over 580, you may be able to qualify for an FHA mortgage with the lender referrals I have available to you. Here are some of the minimums needed:
FHA Mortgage: Minimum of 3.5% down payment. ($7000 needed for a $200k purchase).
Conventional Mortgage: Minimum of 3-5% down payment. ($7000-$10,000 needed for a $200k purchase).
Let’s get back to the creative financing MN options, since this is why you are here reading this web page. I want to provide as much information as I can so that you can make a decision on what will work best for you. If you have more than 10 – 20% available and you want to put more money down toward the purchase of a home, we have some great options for you. Credit does not matter when you have cash to work with. If you have at least 10% dwon payment and good credit we can get you into a regular conventional home mortgage and help you buy a home!
If one of the above options work better for you financially, then lets take the next step and look at the options by clicking the creative financing MN links below:
Contract for Deed
For more details about Contract for Deed creative financing MN:
https://twincitiesmnhouses.com/contract-for-deed-mn/
Lease with Option to Purchase
For more details about Lease Options and Rent to own creative financing MN:
https://twincitiesmnhouses.com/rent-to-own-mn/
We can help you get into a home with many options and contracts available. Lets talk about your specific situation and find a solution for you.
Ready to get started?
We take our customer service very seriously and will respond within 24 hours. Your satisfaction is our number one priority and we look forward to being able to help you in any way that we can. Ask us anything below or feel free to reach out to us via email or phone. Talk soon!