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Step Up for Repeat Homebuyers or Refinancing main photo

Step Up for Repeat Homebuyers or Refinancing

February 1, 2019

You don’t need to be a first-time homebuyer to take advantage of our affordable loans.

The Step Up program has a purchase loan if you’re a current homeowner (or owned within the last three years) and want to buy a different home. You can also use Step Up to refinance your current home at an affordable, fixed rate. 

  • Affordable, fixed interest rates for the life of the loan

  • As little as 3% down with our exclusive conventional loans

  • Downpayment and closing cost loans up to $15,000 – a unique option for refinancing

  • Low or no mortgage insurance options for lower monthly payments

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    City of Elk River Economic Development Logo
    City of Elk River Economic Development 13065 Orono Parkway Elk River, MN 55330 phone 763-635-1000
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