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Habitat, Bremer have provided $66M to first-time homebuyers


A partnership between Twin Cities Habitat for Humanity and Bremer Bank has provided hundreds of metro-area homebuyers with low-interest mortgages that total $65.7 million.
Entering its fourth year, the TruePath Mortgage program has provided these mortgages to 364 low- and moderate-income, first-time homebuyers living in a state with one of the largest homeownership racial gaps in the nation, according to a news release.
The mortgage program is the largest of its kind in the U.S., serving as a national model for others, the release said.
“We developed a mortgage that we felt addressed some of the barriers that low- and moderate-income homebuyers are facing in the market,” Betsy Mills, director of lending for Twin Cities Habitat for Humanity, said in an interview.  ....

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