$1,047,419.00 Available for Loans to First Time Homebuyers

in Goodhue, Wabasha, and Winona Counties

The Southeastern Minnesota Multi-County Housing and Redevelopment Authority announced that Goodhue, Wabasha, and Winona Counties received a $1,047,419 allocation to provide homeownership opportunities through single-family mortgage revenue bonds.  The mortgage offered is a 30-year, fixed rate loan.  These funds are available exclusively to residents in Goodhue, Wabasha, and Winona Counties (excluding the Cities of Red Wing and Winona) on a first come, first served basis!

Qualified first-time homebuyers who meet established income limits may be eligible to receive down payment or closing cost assistance.  Funds may be used for the purchase of a new or existing home.  The purchase price limit of a home is $283,300.

Homebuyer education is required for some Minnesota Housing Finance Agency loan programs.  SEMMCHRA now offers homebuyer education classes and homebuyer counseling services.

To obtain a list of local participating lenders, program requirements or information on homebuyer education & counseling, homebuyers can contact the Southeastern Minnesota Multi-County Housing and Redevelopment Authority and talk with Tressa at 651-565-2638, ext. 204 or email tsauke@semmchra.org.  Visit our website at www.semmchra.org for more informationThis is an equal housing opportunity.