West St. Paul First Time Buyers
Have you been hearing that this is simply one of the best markets ever for the MN first time home buyer, with monthly mortgage payments often lower than rent of a home equal in size? Well, if you haven't heard by now I encourage you to take a moment to read what I have to say
West Saint Paul: City Information
The city of West Saint Paul is located just south of the state capitol of Minnesota, Saint Paul. The city name is actually derived from the fact that it is on the west bank of the Mississippi River. As a fully developed inner ring suburb of St. Paul, the population of West St. Paul has remained stable at about 19,500 over the past 20 years. Located in Dakota County, Minnesota first time home buyers can benefit from the Dakota County First Time Hom Buyer's Program. If you're interested in buying or selling a home in West Saint Paul please don't hesitate to give me a call.
There are a variety of mortgage financing options that can benefit today's first time home buyer. The most common today are FHA loans which allow you to get into a home with as little as 3.5 percent down. A program designed for American's veterans are known VA loans, a program with as little as zero down payment. If you find a home with Fannie Mae's Home Path logo, you might qualify for their 3% down Home Path loan which does not require mortgage insurance. Your mortgage lender will help find the best program based upon your loan qualifications.
In addition to State of Minnesota down payment assistance funds many of our local communities offer assistance programs of their own as well. Each of these programs vary in terms of qualifications required to access the funds. Depending upon when you are reading this these programs may or may not be funded so we can check on it when you call me.
First Step: Get Preapproved
The first part in the process of buying a house is to get prequalified for financing. This means that you meet with a local mortgage lender who analyzes your credit, income, assets, and debts. In this discussion they can tell you what types of MN first time buyer programs you might be qualified for. This important first step can be done right over the phone and most lenders will arrange to talk with you when you're off work, even in the evenings or weekends.
Considering the great rates and reduced property values this is a great time to buy West Saint Paul homes for sale. If you are tired of the steady increase of rent payments take this opportunity now to learn more about the benefits of becoming a first time home buyer. I've worked with many MN first time buyers before and am glad to answer any and all of your questions. Simply give me a call or send me an email and we will see what might be possible!
Sales Executive, Licensed Realtor in Minnesota
The Home Solutions Team
Keller Williams Premier Realty
Direct (651) 209-8250
659 Bielenberg Drive
Woodbury, MN 55125
With a focus on Woodbury real estate
and surrounding communities.