Success with SHOP™

Like many mortgage brokers, SHOP™ offers a range of lending products including FHA, conventional and programs for first time buyers, but SHOP™ goes further. SHOP™ stands for Sustainable Home Ownership Program and that’s what sets us apart. We believe buying a home is much more than making a down payment and a promise to pay back a loan for the next 30 years. It’s also matching you with the right loan product that helps you successfully remain in your home as long as you want. We know the programs can help you achieve your goal and our many community partners will help you along the way.

The Olson Family lived in their St. Paul home for over 21 years and had been active members of the community. In 2004 the family refinanced their home with a risky loan to provide funds for a small business. When serious illness struck and the economy slowed, the family fell behind in payments. The lender was unwilling to help with modifications and the home went into foreclosure. The Olsons contacted SHOP™ Home Mortgage and Rondo Land Trust for help.

The Vang family was referred to SHOP™ Home Mortgage by a satisfied customer. They applied, attended both a home buyer course and a budgeting session conducted by the Anoka County Community Action Program (ACCAP). They worked hard to resolve credit issues, but conventional lenders wouldn’t work with them because of the foreclosure. With their income stable, credit on the mend, and funds available for some of the costs involved, SHOP™ was able to qualify the Vang family for a special Contract-for-Deed program and get into a home that had been totally rehabilitated by Greater Metropolitan Housing Corporation.