$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 firstname.lastname@example.org. Visit our website at www.semmchra.org for more information. This is an equal housing opportunity.