As of 3:00 p.m. on Monday, October 6th, 2008, interest rates for Minnesota Housing's First Time Homebuyer programs are as follows:
| Program |
Government Interest Rate |
Conventional Interest Rate |
Discount Points |
| Minnesota Mortgage Program (MMP) |
6.000% |
N/A |
0 |
| Community Activity Set-Aside (CASA) |
6.000% |
6.000% |
0 |
As of 10:00 a.m. on Wednesday, June 18, 2008, interest rates for Minnesota Housing's second mortgage programs are as follows:
| Program |
Interest Rate |
Discount Points |
| Fix-Up Fund (FUF) |
6.500% |
0 |
| Community Fix-Up Fund (CFUF)-Regular |
6.250% |
Contact Lending Partner |
| Community Fix-Up Fund (CFUF)-Non-prime |
7.250% |
Contact Lending Partner |
*This is not an offer to enter into an interest rate agreement. Such an
agreement may only be made pursuant to Minnesota Statutes Section 47.206, Subds. 3 and 4.
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