In May of 2023, the state of Minnesota established a new, forgivable, First-Generation Homebuyers Community Down Payment Assistance Fund.
This Fund provides up to ten percent of the home’s purchase price (capped at $32,000) in down payment assistance to eligible homebuyers across the state.
The funds are a zero-interest loan that is forgiven over five years, so long as the buyer lives in the home as their primary residence.
Buyers can purchase a 1–2-unit home located in Minnesota. This includes standalone homes, townhomes, condominiums, co-ops, or manufactured homes titled as real property. Shared equity, community land trusts and other resale restricted purchases are also permitted.
There is also Minnesota Housing First-Generation Homebuyer Loan Program (up to $35,000.00)...
And more!
Mike Edelstein, Granite Bank
Personal NMLS 334531 / Company NMLS 405434
Loan Types: conventional, FHA, USDA, VA, 203k/renovation, jumbo, plus resources for other loans including construction, HELOC, bridge, commercial, specialty situations
Mike Edelstein is a seasoned professional in the mortgage industry, dedicated to helping individuals and families. With 20 years of experience, Mike possesses a wealth of knowledge and expertise in navigating the complexities of the mortgage world.
Born and raised in Minnetonka and St. Louis Park, Mike has always had a strong connection to his Minnesota roots. As a passionate Minnesota sports fan, Mike always watches the Vikings, avidly supports the Twins, and roots for the Timberwolves.
Beyond his professional pursuits, Mike finds joy in spending quality time with his family. Mike, his wife and 2 children live in Golden Valley. They enjoy going up North to have fun on the lakes.
Eric Bakke, Guaranteed Rate
NMLS# 1549826
Loan Types: conventional, FHA, USDA, VA, 203k/renovation, jumbo, first time buyer grants, interest rate buy downs, refinances
As your trusted Rate Loan Officer, my goal is to simplify the mortgage process, make your home loan experience easy to navigate and be available to you from application to closing. I take pride in thoroughly educating my customers throughout the mortgage transaction, so they fully understand their options and feel comfortable with their chosen loan program. Whether you are a first time home buyer or seasoned owner, you can trust me and my team with all of your home financing needs. Please reach out anytime using the contact information located on this page and use this website as a resource as you start your home financing journey.
Tim Erickson, Luminate Home Loans
NMLS: 322510
Loan Types: conventional, FHA, USDA, VA, 203k/renovation, jumbo, reverse mortgage plus resources for other loans including construction, HELOC, bridge, commercial, specialty situations
Tim has been in the mortgage industry since 2005. Tim has a degree in Business Administration from North Dakota State University where he was a member of the NDSU football team and baseball team. He continues to stay active with various sports and spending time with his family. Tim lives in Minneapolis with his wife Alisha, daughters Brooklyn, Sydney, and son Dylan.
"My commitment is to help you make informed choices about your financing option when buying a home. You can help me do that by completing this brief questionnaire prior to our application appointment. There are many different ways to finance a home, but to find the best option for you we must take into consideration your long and short term financial and investment goals as well as payment and equity objectives. During our consultation, I will work with you to outline your goals, analyze your current purchasing power and then recommend several different strategies that will enable you to achieve your goals."
Watch helpful videos: https://timericksonmortgage.com
Chad Brune - Empowered by NEXA Mortgage
Chad Brune NMLS 266298, NEXA Mortgage NMLS# 1660690
Loan Types: Home Affordable Refinance Program (HARP) Disclaimer; Purchase, Rate and Term Refinance, and Cash-out Refinance Programs; Fannie Mae Conventional, High-balance and Adjustable-Rate Mortgages (ARMs); Jumbo, Portfolio & Investor Products; FHA / VA / USDA
"We're here for you, ready to guide you through the often difficult and confusing process of choosing and getting the exact loan to meet your specific needs. With American Portfolio Mortgage Corporation you're in good hands and can have the peace of mind knowing we offer a wide variety of loan programs and most current rates available, together with the assistance of a seasoned customer support team."
Ryan Walton - US Bank Home Mortgage
NMLS# 774840
Loan Types: Purchase, Rate and Term Refinance, and Cash-out Refinance Programs; Doctors, Jumbo, Portfolio & Investor Products; FHA / VA / USDA
"As a mortgage loan officer right here in the Twin Cities, I work with you to help you find the right mortgage for your unique situation.
Dan Bundt - Guaranteed Rate
NMLS ID: 1488865
Loan Types: Veterans/VA loans, specialty situations
"I began working in the mortgage industry in 2000, while completing my degree in Organization Psychology at Argosy University in Eagan, MN. I continued to work as a Loan Officer through 2007 when an opportunity arose to become a Sales Director for a large Third-Party Administer, specializing in healthcare financing. I couldn’t stay away for long though…In 2016 I came back to my true passion, mortgages! Immediately after re-entering the industry, I was awarded with the Top Performers award in both 2017 and 2018.
GINNY YOUNG, Veterans United Home Loans
NMLS ID #187898
Veterans United Home loans – ranked “Among the Best” by JD Power and Associates for customer service.
Loan Types: Specializing in VA homes
"I am married with 4 boys. No girls in the mix! I work with all borrowers, but we specialize in working with veterans to utilize their VA benefits. I love what I do for a living. I feel it’s more of a calling than a job. In addition to helping financing your home, we also work to help folks increase credit scores to buy in the near future. We have helped thousands of veterans fulfill their home buying dreams. We are the largest VA lender in the US. This allows us many resources to process VA home loans in less time than other lenders.
To qualify and determine best financing options, please click this link…VeteransUnited.com. Please feel free to call my cell phone with any questions… 913-526-5939. If you go on-line to complete an application, please shoot me a text. I’ll process the information and get your pre-approval the same day.
Please let me know if I can help. I look forward to hearing from you. Ginny"
Cell: (248) 770-5938 | Fax: (855) 455-2495 | NMLS# 1066387
Jason Howes - Quicken Loans
Loan Types: conventional, FHA, refinance
Mark Merry - AMEC
NMLS 452552 | MN-MLO-452552,
Loan Types: conventional, FHA, USDA, VA, specialty situations
"As a Senior Mortgage Officer and Branch Manager, I am a licensed mortgage professional who is highly trained and educated in the field of home mortgage loans. My role in the mortgage process is to custom tailor a mortgage to suite your needs and to assist you with the many aspects pertaining to obtaining a home loan. I present and explain the various loan options available to you and help you understand them so you can make an informed decision. I will never push one rate, program, or fee structure. The choice will always be yours. I hold myself to the highest level of ethics, regulations, and service. My goal is to eliminate the stress and anxiety of the financing process and make your future transaction an enjoyable experience. "
