Shannan had graduated college with debt to pay like most people in the country and she had planned on renting until she got her student loans paid off. With little funds saved for down payment, she was living with 2 roommates in a small apartment and still paying $1,250 per month. She got in touch with one of our Minnesota first time home buyer specialists through a friend and ran some numbers to see what her options were.
Shannan was pre-approved within a couple weeks and by the end of the year, she was the owner of her own home and had her roommates join her. Her monthly cost was reduced to $1,000 per month and she then put the additional $250 towards her student loans and is on track to pay them off years years earlier than expected which will save her thousands on interest costs. See what your options are today!
