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First Time Home Buyers


SEMMCHRA's 2010 allocation is now available!

Home Qualifications:
The home purchase price may be an existing or new home with a purchase price limit of $237,031.

Purchaser Qualifications:
You may qualify if:
   -you are a first-time homebuyer or have not owned a home in the last 3 years;
   -you have acceptable credit;

   -your gross household income does not exceed the following:

Household Size

Income Limit

1-4 Persons

$72,900

5 Persons

$78,800

6 Persons

$83,800

Features:
   -fixed interest rate (4.250% as of 7/22/10)
   -30-year term
   -$5,000 in down payment & closing cost assistance available to those who qualify


For the informational packet, click here.

If you have any questions, please contact Karen at
651-565-2638, ext. 201 or email
adminhra@wabasha.net.