In order to buy a house in Rochester, MN you need to either have the cash to purchase the house or like most people purchase homes, you need to have approved financing. Prior to start looking at homes you should get a pre-approval from a bank or lender. https://youtu.be/QGsuOgCTL6o What proof of Income
Down Payment Assistance in Rochester, MN There are two down payment assistance options in Rochester, MN. You could qualify for down payment assistance if you are a first-time home buyer. A first-time home buyer is defined by the Minnesota Finance Agency as someone who hasn't purchased a house in the last three
What is Private Mortgage Insurance? Private mortgage insurance or PMI, as it is most commonly referred to, is insurance that protects the bank in case the property goes under foreclosure. Typically, it is required for buyers to pay PMI when their downpayment is less than 20%. Paying PMI doesn't give