HUD in Minnesota

Making Home Affordable
A recent expansion of the Making Home Affordable program now allows borrowers who are current but up to 125 percent underwater on their mortgage, and have mortgages currently owned or guaranteed by Fannie Mae and Freddie Mac to refinance those loans according to the terms of the Home Affordable Refinance program established earlier this year.

Find out more at MakingHomeAffordable.gov

Buying a home?
Did you know that the cost of a home inspection can be included in an FHA mortgage for less than $2 per month? That’s not much to pay for a little peace of mind. Visit our Homeownership page. Also, make sure that you see the OwnAHOMEMN.org to learn about how the quality, affordable homes made available by the Metropolitan Consortium of Community Developers (MCCD). For more potential sources of valuable information on purchasing a home in Minnesota, please visit the sites of our partner agencies who are recipients of the Neighborhood Stabilization Program (NSP) funds:

	Minnesota Housing
	City of Minneapolis
	City of St. Paul
	Dakota County
	Anoka County

BEWARE Foreclosure Rescue Scams
The possibility of losing your home to foreclosure can be terrifying. The reality that scam artists are preying on the vulnerability of desperate homeowners is equally frightening. Many so-called foreclosure rescue companies or foreclosure assistance firms claim they can help you save your home. Learn more from HUD and the Federal Trade Commission.

	Multi-agency crackdown on foreclosure rescue scams
	Foreclosure rescue scams

Behind in house payments or facing foreclosure?
Foreclosure can often be prevented. DO NOT ignore letters from your lender. Act now by taking one of the following 3 steps:

	Contact a HUD-approved Housing Counselor for foreclosure prevention counseling, or a
	Look up Minnesota Foreclosure Prevention Agency to learn about foreclosure prevention workshops going on throughout the state before it's too late; or
	Contact the HOPE NOW Hotline at (888) 995-HOPE