Another interesting program is now available for homes purchased in St. Paul, MN. The Make It Possible (MIP) Second Mortgage Program is for 1-4 unit dwellings located within St. Paul that buyers will occupy as their principal residence. Up to $45,000 can be secured in the form of a second mortgage at an interest rate of 3.5% for entry and/or closing cost assistance, equity contribution or rehabilitation of an existing property. For more information, call Dayton’s Bluff Neighborhood Housing Services at 651-774-6995 or visit their website at http://www.dbnhs.org
Susan