Community Neighborhood Housing Services

Promoting community development through education and affordable housing programs.
Text Box: Max Value Purchase & Purchase with Home Rehab 1 to 4 Unit Owner-Occupied Properties 3% and 5 % Down Payment Options 15 and 30 Year Terms No Income Limits Do not need to be a 1st time homebuyer (Cannot own other property) Refinance with Home Rehab 1 to 4 Unit Owner-Occupied Properties Up to 97% Loan-to-Value 15 and 30 Year Terms No Income Limits Refinance Existing Mortgage and Make Improvements with One Loan (cannot consolidate other debts or get cash out). Text Box: MHFA Community Activity Set Aside (CASA) The Community Activity Set Aside (CASA) program offered by Community NHS provides an opportunity for affordable homeownership under targeted community initiatives. Must be a first-time homebuyer (or have not owned a home in the last 3 years) HAF Assistance Available Income Limits Apply Home Cost Limits Apply (Purchase Price + Fees) For more details call CNHS or visit: http://www.mhfa.state.mn.us/homes/casa.htm Minnesota Mortgage Program (MMP) Must be a first-time homebuyer (or have not owned a home in the last 3 years) Have federal income tax return copies for the last 3 years Have acceptable credit Live in the home within 60 days of closing on your mortgage. Homeownership Assistance Fund (HAF) HAF Entry Cost Assistance Down payment and closing cost assistance loan for use with a MHFA mortgage. Loan is 0% interest.* HAF Monthly Payment Assistance HAF Monthly Assistance helps you pay a portion of your monthly mortgage payment in the early years of your loan. (Up to $75 a month) * *All HAF Assistance Funds are paid back when the property is sold, refinanced, transferred or is no longer owner occupied. HAF Assistance Funds can be paid off early with no pre-payment penalty. HAF Assistance Funds are not assumable. Text Box: Alternative Refinance Cash Out Pay Off Debts Rate and Term Refinance Higher Debt-to-Income Ratios Flexible Guidelines Rates Determined by Credit History Bruised Credit O.K. Text Box: All Mortgage Loans And Assistance Programs Listed Above Require All Borrowers To Attend Approved Home Stretch Homebuyer Workshop (For a Class Schedule, Click Here!) Text Box: All loans are available in the Saint Paul/Minneapolis 7 County Metro area unless otherwise noted. Text Box: Entry Cost Homeownership Opportunity Program (ECHO) Up to $3000 in downpayment and closing cost assistance. Available with Community NHS Purchase Loans Only Deferred Simple Interest Capped At 10 Years Due when the property is sold, refinanced, transferred or is no longer owner occupied. Income Limits Apply Home Cost Limits Apply (Purchase Price + Fees)

1st Mortgage & Assistance Loans

To request additional information about the First Mortgage and or Assistance Loan programs, please

 click here.