A boost for aspiring city homeowners - 2004-03-27
CityLiving, a Minneapolis-St. Paul home-financing program almost was overshadowed last year by low interest rates in the commercial market, came back this month with a program to help buyers over the biggest obstacle to purchasing: providing money for down payments and closing costs.
Buyers can get 4 percent of the amount being borrowed in an up-front grant. Those who have their own down payment and closing cash can get a 30-year mortgage at a 4.85 percent interest rate.
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