The Southeastern Minnesota Multi-County Housing and Redevelopment Authority (SEMMCHRA) announced that Dodge, Goodhue, Wabasha, and Winona Counties received a $1,364,822 allocation to provide homeownership opportunities through single-family mortgage revenue bonds. The mortgage offered is a 30-year, fixed-rate loan. These funds are available exclusively to residents in Dodge, Goodhue, Wabasha, and Winona Counties (excluding the cities of Red Wing and Winona) on a first-come, first-served basis.
Qualified first-time homebuyers who meet established income limits may be eligible to receive down payment or closing cost assistance. Funds may be used for the purchase of a new or existing home. The purchase price limit of a home is $349,500.
Homebuyer education is required for some Minnesota Housing Finance Agency loan programs. SEMMCHRA offers homebuyer education classes and homebuyer counseling services.
To obtain a list of local participating lenders, program requirements, or information on homebuyer education and counseling, homebuyers can contact the Southeastern Minnesota Multi-County Housing and Redevelopment Authority and talk with Tressa at 651-565-2638, ext. 204, or email email@example.com. Visit our website at www.semmchra.org for more information. This is an equal housing opportunity program.
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