Minnesota Housing After Closing: 5 Rules That Can Cost You Thousand скачать в хорошем качестве

Minnesota Housing After Closing: 5 Rules That Can Cost You Thousand

If you used a down payment assistance program through the Minnesota Housing Finance Agency, closing on your home does not mean the rules are over. In this video, I walk through five critical things every Minnesota Housing borrower needs to understand after closing—including rules that can quietly cost you thousands of dollars if you miss them. ➡️ Occupancy rules tied to deferred payment loans ➡️ What happens if you move out or rent the property ➡️ Why all Minnesota Housing loans are serviced by U.S. Bank ➡️ The difference between deferred payment loans and monthly payment loans ➡️ How refinancing works when you have Minnesota Housing assistance ➡️ Common scam letters that target new homeowners after closing These programs are excellent tools for first-time buyers—but only if you understand how they work after you get the keys. 📱 Contact Peter Lindquist 📞 651-491-5381 ✉️ peter.lindquist@rate.com 📝 Apply now: https://www.rate.com/LindquistTeam To learn more about this program, please visit mnhousing.gov. Eligibility requirements, assistance type, and assistance amounts vary based on program. Talk to your loan officer about what options may be available, as well as the specific borrower, property, and loan type restrictions or requirements that may apply. Not all programs are available in all areas. Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Refinancing your mortgage may increase costs over the term of your loan. Restrictions may apply. Operating as Guaranteed Rate, Inc. in New York. Guaranteed Rate, Inc. D/B/A Rate; NMLS #2611; Rate.com; 3940 N Ravenswood, Chicago, IL 60613; 866-934-7283. For licensing information visit nmlsconsumeraccess.org. Equal Housing Lender. Conditions may apply. ⏱️ Timestamps 00:00 ➡️ After closing rules most buyers miss 00:33 ➡️ Deferred payment loan occupancy requirement 01:12 ➡️ How lenders know if you move out 01:38 ➡️ Why U.S. Bank services every Minnesota Housing loan 02:24 ➡️ Monthly payment loan vs deferred payment loan 03:40 ➡️ Credit reporting and missed payments 04:11 ➡️ Scam mail after closing 05:56 ➡️ Refinancing with Minnesota Housing assistance 07:16 ➡️ Subordination and additional assistance loans 07:37 ➡️ Final takeaway