Frequently Asked Questions about the $5,000 Buyer Savings Program 

1. Where does the money come from?
   The home seller contributes the funds to the buyer at the loan closing. The lender then uses the money to pay your closing costs and prepaid expenses.

2. Why would a seller do this?
   As stated the sellers contribute the money from their sales proceeds. People often ask, "Why would a seller ever want to do that?" The answer is, for the same reason they would drop their sale price. That is to get their home sold in a timely manner, or in today's market get their home sold at all.

3. How do I qualify to receive up to $5,000 Buyer Savings?
   Buyers qualify for the funds by getting approved for a home loan from a lender who accepts the seller's funds to pay your closing costs and prepaid expenses, and by purchasing a home from a seller who agrees to make the contribution to the program at your home closing. To start the loan approval process Apply now.

4. How do I find a seller willing to participate in the program?
   Our affiliated real estate partners will do the research and find sellers willing to participate in the program. If you choose a home that is listed on the Multiple Listing Service (MLS), it will be the agent's job to explain the program to the listing agent and the sellers. They will be responsible for negotiating a successful purchase agreement on your behalf. I want to live in these cities: Make choices now.

5. How do I find out if I (we) qualify for the $5,000 Buyer Savings Program?
   The first step is to apply for a loan, and then contact Ben Conklin to let him know what value range you are looking at. Ben can be reached directly at 952-844-2163.

6. What are some benefits of the $5,000 Buyer Savings Program? Why should I consider using this program to buy a home?
   

   • No down payment, three percent, five percent, and ten percent down payment programs available
   • If structured right, low out of pocket costs
   • Buyer can use own funds to pay off debts, buy carpeting or furniture, etc. 
   • No extra qualifying or loan underwriting
   • No home buyer education classes are required
   • Helps make buying a home a bit easier