We were wondering if you we need to put any money down for a home,

Not necessarily. I have 2 different programs with $0 down in your area. Most buyers today ask the seller to pay the buyer's closing costs instead of negotiating the price. When you use this technique, you can get in with no money down. As far as cash flow, you will need earnest money when you sign the purchase agreement and I will collect for an appraisal. At closing, if you use my technique like above, you would get that money back a closing.I hope this helps. If you need to reach me, you can call me at either 763-519-1100 x589 or 800-536-0233 x589. Good luck!

It depends if you qualify for those type of loan programs. There are some available, but not available to everyone. Contact a local loan officer, do a loan application and have them present all of your options for you. Best wishes, Sean

Hi Kristinedreger, Pequot Lakes is an area that's eligible for the no money down USDA mortgage. One of the best things about the USDA program is the monthly mortgage insurance is substantially cheaper than FHA or conventional options.For example: On an FHA loan of $150,000, the MMI (monthly mortgage insurance) would add $168.75 to your monthly payment but on a USDA mortgage it would only add $62.50!The other nice thing is USDA will actually allow you to roll in your closing costs as long as the appraised value supports it.| Please feel free to contact me for more information or help. | John Burke | Senior Mortgage Banker | Great Plains National Bank | http://www.usdamortgageonline.com | (877)228-9069 | Lending in ALL 50 states