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We're Back! The Best Minnesota Real Estate Show

Real Estate Radio Hour
Real Estate Radio Hour
Episode • Jun 21, 2023 • 1h 1m

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What's happening in the market Some buyers turning to 1% down mortgages, but are they worth it? https://www.cbsnews.com/minnesota/new... Big lenders are trying to boost business by offering 1% down mortgages, aimed primarily at first-time homebuyers who are struggling to qualify for a mortgage as a result of the affordability crisis. Rocket Mortgage's program offers to match 2% of the buyer's 3% payment to save the borrower a few hundred dollars per month, while United Wholesale Mortgage's program allows higher purchase prices but tops out at a $4,000 credit. To qualify for the scheme, buyers must have a credit score of at least 620 and cannot make more than 80% of the median income in the area they purchase in. social reacts role play situations sell this listing This Or That: Mahtomedi Or Stillwater Lino Lakes Or Centerville Our Websites & Links To All Content linktr.ee/realestateradiohour