Pathway2Home ITIN® Mortgage

• Can be used by people with ITINs
• Down payment and grant programs can be used to help offset costs
• The seller can pay your closing costs
• A gift from a family member can be used for closing costs
• Lender credits1 may be available to help minimize closing costs
• You can buy down the interest rate

• 10% down payment required
• Homebuyer education course required

Pathway2Home® 10/1 ARM

• Can be used by people with ITINs
• Lower beginning interest rate for qualifying homebuyers that may increase over time
• Down payment and grant programs can be used to help offset costs
• The seller can pay your closing costs
• A gift from a family member can be used for closing costs
• You can buy down the interest rate
• Lender credits1 may be available to help minimize closing costs

• A 10% down payment is required
• ITIN Mortgage loans require a homebuyer education course
• 10/1 ARM interest rates are annually adjusted after the first ten years of fixed interest

HomeReady™ Mortage

• 3% down payment
• The seller can pay your closing costs
• A gift from a family member can be used for closing costs.
• Grants and lender credits1 may be available to help minimize closing costs

• Homebuyer education course required

Fixed-rate mortgage

• Predictable monthly principal and interest payments
• Protection from rising interest rates
• The seller can pay your closing costs
• Down payment and grant programs can be used to help offset costs
• A gift from a family member can be used for closing costs
• Grants and lender credits1 may be available to help minimize closing costs

• Overall interest payments will be higher on longer-term loans than on shorter-term loans
• Principal payments on shorter-term loans are usually higher than on longer-term loans
• With fixed-rate Minnesota and South Dakota mortgage loans, your interest rates and monthly payments remain the same throughout the lifespan of your loan

Minnesota Housing Finance Agency (MHFA) Mortgage

• The sellers can pay a portion of closing costs (minimum $1,000 investment)
• A gift from a family member can be used for closing costs. MHFA down payment support options are available
• Lender credits1 may be available to help minimize closing costs

Adjustable-Rate Mortgage (ARM)

• ARMs typically have a lower initial interest rate than fixed mortgages
• The interest rate cap limits the maximum amount your payments can increase during the lifespan of the loan
• Provides flexibility for those expecting future income growth or borrowers who are likely to move or refinance within a few years of their purchase
• Loans up to $1.2 million

• Monthly payments can increase when the interest rate adjusts
• Monthly payments can change every six months after the initial fixed payment period

Investment Property Mortgage

• Predictable monthly principal and interest payments
• Protection from rising interest rates
• Available for investment properties with up to four units

• Lower loan-to-value than a traditional mortgage2 may be available
• These Minnesota and South Dakota mortgage loans are designed for investment properties only and are not available for owner-occupied properties