MMCDC offers competitive rates and a variety of mortgage options, including:
- Fixed-rate loans for predictable payments
- USDA loans with low down-payment options
- MMCDC Rural Down-payment Loans in Minnesota
- HOMe down-payment loans in Becker County, Minnesota
- Forgivable First-Generation Homebuyers Community Down Payment Assistance Fund
Prequalification
Prequalifying is the first step to homeownership! To make this process easier, it is a good idea to compile the following required financial information:
- Monthly payments and monthly income
- Most recent pay stubs covering the last 30 days
- Complete tax returns for the past two years
- Bank statements of all checking, savings and asset accounts from the last two months
A fee of $50 will also be required for the lender to access your credit report.
Do not send sensitive or confidential data to staff emails via the website.
Start preparing for homeownership with Framework, an online homebuyer education program. When you educate yourself for smart homeownership with Framework, you’ll navigate every step of the process with confidence. The Framework course is affordable too: just $75. Click here for a video preview.
Home Stretch
Home Stretch from White Earth Investment Initiative is an eight-hour workshop led by a HUD-certified housing counselor in Becker County and on the White Earth Reservation in Minnesota. It is perfect for individuals and families who want to begin taking steps toward homeownership and for those who are already actively pursuing purchasing a home. Home Stretch is often required for first-time homebuyers, but all homebuyers can benefit from the course.
Run the numbers with our loan calculator
Rates, points and programs are subject to change at any time and are not disclosed to extend as defined by Regulation Z.
