Persistence Pays

Today we closed on a house that was one of the most rewarding closing I can remember in awhile. The buyer is a single Mom with 2 dependent children. She has been trying to purchase a home for at least 18 months. She did find one in Red Wing about 8 months ago and because of the changing market and a poor loan originator she did not get the loan. This happened at the last moment when she had already given her notice and was to be out of her apartment by the 1st of the next month. A friend of hers
suggested she contact Margaret Swanson with Lake Area Mortgage. The buyer met with her and started the process to purchase. This included raising credit scores, establishing that she had enough self employment income and other things that needed to be established prior to her even looking for a house. The buyer then called me approximately 6 months ago and we started looking for homes under $110,000.
That was challenging to me also. We would look for homes because this buyer wanted a yard for her grandchildren. We checked in Red Wing and Hastings. I was working with Margaret to understand the programs she was going to use. This lady combined about three different programs and came up with a zero down loan. I couldn't believe it.
The first thing was a decent credit rating (which she helped with). Then Margaret
used a CASA program thru MHFA. She obtained a Grant thru AHP alloted thru
Lake Area Banks + she received a monthluy payment assistance thru CASA also.
Margaret Swanson of Lake Area Mortgage you are the HERO of the month.
The Buyer now owns her very own single family home with a yard and at a payment
she can afford. We found her a home for $105,000 (by the way it had all new plumbing,heating,cabinets and flooring) that would not nickle and dime her to death and one
that she is proud to own.
Today is the best day ever because we could help this buyer.
Congratulations Maggie. AND
Thank you Margaret.

If you are a struggling buyer or a buyer who will breeze through the loan process call
Mary and Kari and we'll hook you up with Margaret.
Have a great week!
Smiles