The Saint Paul Condo Blog

CityLiving is a home buyer program available exclusively to first-time home buyers.  What you get is a grant of 3% you can use towards your down payment or closing costs.  If you have money to put down you can you the grant towards a rate reduction.

There are some additional requirements with this program, like it must be for a property in either Saint Paul or Minneapolis, must be owner occupancy, you can't make more than $62,000 a year, and the purchase amount cant be for more than $256,080.  It's a 30 year fixed rate loan and works with FHA, DVA, and even conventional loans.

If you want more information about this loan, call Doreen Drake with PHH loans.  She deals with many first time buyers and can guide you through the process.  651-276-3141