Special Buyer Money for Woodbury MN Home Buyers
The City of Woodbuyr continues to offer $25,000 in deferred financing to income-qualified first-time homebuyers.
Please visit www.woodburyloans.com to see the program guidelines and learn more information.
As a reminder, five main advantages of our program that may save you hundreds of dollars per month include:
1. The principal of the Woodbury loan is deferred for 30 years.
2. Woodbury’s interest rate of 3.00% (2.75 for seniors or vets) is lower than the first mortgage’s rate.
3. Woodbury’s funds will help you eliminate the need for PMI.
4. Woodbury charges no origination fee.
5. Woodbury funds are exempt from mortgage registration taxes.
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