Another new program will soon be available to homebuyers in St. Paul’s Dayton’s Bluff neighborhood by the Pohlad Family Foundation. $8,000 will be available to anyone who purchases a single-family home or duplex in the east side of St. Paul by the end of 2009. This money will be forgiven if the homebuyer remains an owner-occupant for seven years. There are no income limits to qualify. For more information, check back here or contact Dayton’s Bluff Neighborhood Housing Services at 651-774-6995.
Posts Tagged ‘Homebuyer’
Dayton’s Bluff Homebuyer Money
Tuesday, April 21st, 2009Are you a Hero?
Thursday, April 16th, 2009The St. Paul City Council approved a new program on April 8th for civil servant heroes who wish to buy their first home in St. Paul. Program is offering 0% deferred loans of up to $15,000 which can be used towards downpayment and closing costs. Repayment will not be required if the homebuyer lives in their home for at least 10 years. Hero-worthy applicants are someone who has been in or discharged from the military, cops, firefighters/paramedics/EMTs, healthcare workers, teachers or any public employee with any recognized governmental unit. Eligible properties are townhomes, condos or single-family homes up to four-plexes. Homebuyer must qualify for a traditional fixed-rate mortgage and households or two or less have a maximum income limit of $92,000. More information on this program will be forthcoming.