Tax Credit for First-time Homebuyers

To help you achieve the American Dream, the Federal Government is offering an $8,000 Tax Credit to assist you in the purchase of a home.  The money is currently available to taxpayers who are looking to buy a home before May 1, 2010 and close before July 1, 2010.

Fannie Mae DU Refi Plus Has Arrived!

If you were wondering where the help was for the responsible homeowners who have also been struggling through the tough times, you do not have to wonder any longer.  Fannie Mae has introduced a program that allows homeowners, who have lost value in their home, to refinance to high values without adding mortgage insurance or taking a high interest rate.  If you have a home, see if you qualify for some of the lowest interest rates in years. 

Rehab LoansStreamline Refinancing for FHA Mortgages

Although FHA has permitted streamline refnancing on insured mortgages since the early 1980's, most homeowners do not know they even exist.  Fortunately, if you do currently have an FHA mortgage, you have some great options to lower your interest rate with options for little to no cost to you.   The "Streamline" refers to the amount of documentation and underwriting that is required for underwriting the new loan by the lender. 

Rehab Loans

Our Streamline Rehabiliation Program is intended to faciliate uncomplicated rehabiliation and/or improvements to a home for which plans, consultants, engineers, and/or architects are not required.  Whether you own a home or would like to buy a fixer-upper, here are some of the basic types of repairs that we would allow you to finance into the loan:

 

 

Citizens State Bank: 409 Faxon Road, Norwood Young America, MN 55368 Member FDIC.Equal Housing LenderEqual Housing Lender
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