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Home Savings of America
Home Savings of America
Maple Grove Branch
Contact Information
Office: 763-494-4425
Toll Free: 800-371-6574
7850 Main Street
Maple Grove, MN 55369
Please provide contact information if you have a question or scenerio you would like us to help you with. A local loan officer will contact you in a timely manner.
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Untitled Document
 
Do I Need a Down Payment?
In today's economy, most consumers don't realize the dream of becoming a homeowner without mortgage programs that offer zero down financing. In spite of the many changes in the mortgage industry, these programs are still readily available.
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Understanding Mortgage Insurance
Mortgage Insurance (MI), also referred to as Private Mortgage Insurance (PMI), insures a portion of the equity in the event a home owner defaults on the mortgage. It is required by many lenders when the first mortgage loan amount exceeds 80% of the value of the home.
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Life After Bankruptcy
A recent bankruptcy may NOT prevent a borrower from getting a mortgage. The most important thing for a consumer to do after a bankruptcy is re-establish credit and stay current on all accounts.
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Credit Knowledge More Important Than Ever
Many lenders that provide mortgages to borrowers with lower credit scores are starting too tightened the reigns on 100% financing.
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New Conforming Loan Limits
Fannie Mae increased conforming loan limits as of January 1, 2006.
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