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Applying For Government Home Loans Minnesota

Government loans are available through the FHA to those wanting to buy a home. In order to learn about applying, read the following article.

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Wells Fargo Home Mortgage - Bloomington
(612) 316-2952
7900 Xerxes Ave. S.
Bloomington, MN

MFG Mortgage Services
(612) 766-9000
901 Marquette Ave. S., Ste. 2680
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Wells Fargo Home Mortgage - Minneapolis
(612) 752-5761
733 Marquette Ave., Ste. 203
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Advisors Mortgage
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2121 Cliff Drive
Eagan, MN

M&I Bank
612-798-3339
6625 Lyndale Av. S.
Minneapolis, MN

Kraus-Anderson Mortgage Company
(612) 332-7281
523 South Eighth St.
Minneapolis, MN

Newman Partners Mortgage
952.223.4544
16134 Keystone Ct.
Lakeville, MN

Bell Mortgage
(952) 334-8279
7650 Edinborough Way, Ste. 100
Bloomington, MN

Edina Realty Mortgage
(952) 928-5325
6800 France Ave. S., Ste. 655
Edina, MN

Summit Mortgage Corporation
(952) 835-9353
3300 Edinborough Way, Ste. 107
Edina, MN

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Government loans are available through the FHA to those wanting to buy a home. FHA home loans help particular groups of people qualify for a home loan that they otherwise may not receive by guarantying the loan, which will be made by a regular lender. There are different types of home loans that the FHA will guarantee and you must meet all qualifications for your particular loan program. The following steps outline the best road to take in order to receive a loan that is guaranteed by the FHA.

First, you should visit the FHA website to see if you can qualify for any of the loans they offer. There are three main loans available to those looking to purchase a new home:
- A loan for first time homebuyers. You must be buying a home for the first time, meet credit qualifications, and be approved by an FHA lender to receive this loan.
- A loan for those buying a home that needs repairs. The loan will pay for both the purchase price of the home, as well as the cost of fixing up the home. The only qualifications for this loanare you meet credit requirements andare approved by an FHA lender.
- A loan for those who want to buy a mobile home or manufactured home. Qualifications for obtaining this loan are the same as those for obtaining a loan for buying a home that needs repairs (above).
You must fall into one of these categories to receive a loan to buy a home through the FHA. They do also offer a loan for those wanting to upgrade their current home to make it more energy efficient, and they have a reverse loanavailable toseniors. Neither of these is for those wanting to buy a new home.

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Author: Julie Bonner

Featured Local Company

Wells Fargo Home Mortgage - Bloomington

6123162952
7900 Xerxes Ave. S.
Bloomington, MN

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Cars	Food & Beverage	Internet	Technology
Computer Hardware	Franchise	Legal	Telecommunications
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