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Scott Schultz's Blog

By Scott Schultz | Agent in Apple Valley, MN
  • Using A VA Mortgage To Buy A Richfield Home

    Posted Under: General Area in Richfield, Home Buying in Richfield, Financing in Richfield  |  August 12, 2011 5:32 AM  |  456 views  |  No comments

    One common financing option for buying Richfield real estate for home buyers is available through lenders who offer loans guaranteed by the Veteran's Administration. This type of financing has increased nationally by about 20% over the last couple of years due in part to the increasing number of our veterans returning from the service. Additionally with the loss of other options for zero down payment loans in Minnesota, the VA offers a benefit that offers eligible buyers a unique opportunity to buy their home with no down payment.

    Richfield VA Mortgages: Not Just For The First Time Buyer

    Many veteran home buyers misunderstand the fact that they may use their VA financing benefit multiple times. As a result veteran buyers do not necessarily need to be a first time user in order to use their VA eligibility. This can be a perfect solution for current homeowners who want to sell their existing home to buy another but who don't have a lot of equity in their home. Since Minnesota VA loans do not require a down payment they might be able to afford to sell their home without receiving any proceeds from equity in order to buy the next.

    First Step for Richfield Veterans: Determining Your Eligibility

    Richfield veterans should discover two things to see if they will be eligible for a VA mortgage. First they ought to see if they will be eligible for a Certificate of Eligibility through the Veteran's Administration. They can apply for the Certificate online or more simply right through their Minnesota mortgage banker. There are several categories for eligibility and I encourage veterans to check with the VA or to research their eligibility online

    Please note that the Certificate of Eligibility offers a guarantee to the lender which will pay off some of the losses to the lender if the home goes into foreclosure. This guarantee is paid for by the veteran home buyer in the form of the �VA funding fee� which is normally financed in the mortgage loan. The funding fee is waived for Richfield veterans who have experienced service related disabilities.

    The second thing a Richfield veteran should determine is if they qualify for mortgage financing. I encourage all veterans to talk with a local mortgage lender to get preapproved for MN VA loans before we go out shopping for Richfield homes. When you go through the preapproval process the banker will review your credit, income, assets, and debts to determine if you meet the VA�s requirements for financing. This critical first step is usually free and requires no commitment on the part of the veteran. In fact, many mortgage lenders offering VA loans will do this right over the phone, even on weekends when you're off work.

    Richfield, MN Community Information

    A popular community for the MN first time home buyer to find affordable homes , Richfield, MN represents an excellent value in today's real estate market. Home to the world headquarters of Best Buy Company, Richfield has experienced some of the highest job growth numbers in the Twin Cities metropolitan area. As an inner ring suburb to the Twin Cities, home buyers in Richfield are attracted to the short commute to large employers of Minneapolis. If you are thinking of buying real estate in Richfield, MN please don't hesitate to give me a call.

    If you want to buy a home in Richfield using VA financing please send me an email or give me a call. Whether you currently own a Richfield home or are looking to buy your first home, VA loans can be a great way to buy a home in Richfield. With record low rates and reduced home values many vets are finding that it is cheaper to buy a home than to rent!

    Scott Schultz
    Sales Executive, Licensed Realtor in Minnesota
    Remax Results
    scott.schultz@results.net
    Cell 952-221-7419
    Direct 952-431-2400
    Fax 952-431-0420
    14451 Founders Lane
    Apple Valley, MN 55124
    With a focus on Apple Valley real estate and surrounding communities.


    www.scottschultz.remax-northcentral.com
    www.ourteam-remax.com
  • Golden Valley homes For Sale: How To Find And Buy

    Posted Under: General Area in Golden Valley, Home Buying in Golden Valley, Financing in Golden Valley  |  August 4, 2011 9:40 AM  |  483 views  |  No comments

    There are a few different ways to find homes for sale in Golden Valley that people use when buying a home. Since most Minnesota home buyers start their search for homes on the internet these days, I have found that many people miss out on the best ways to search for a home. I would like to share with you some of the benefits and downfalls to each of these various methods for finding homes for sale in Golden Valley.

    Finding Golden Valley homes For Sale On The World Wide Web

    One of the best ways to begin is to go to my website to search for and find all of the homes for sale that are listed all of the local real estate brokers, with all of the details available. Large national websites leave out much of the important details such as property taxes on the home due to the sheer size of their websites. The problem is that when buying a home factors such as property taxes on the homeare one of the single biggest factors in determining the amount of your monthly payments so why would you want to search for Golden Valley homes without such an important detail? Please take a moment to visit my website and begin your search for Golden Valley homes listed for sale today.

    Search for Golden Valley homes Via Email

    If you're serious searching for a Golden Valley homes, send me a quick email to tell me what you are looking for. I can send you advanced searches via email that will tell you not only what�s available on the market, but what has just become available. You will be instantly notified via email with new property listings that meet your advanced search critieria when new listings hit the MLS. Because I need to know the critieria of what you are searching for (for example: 2 bedroom homes in Golden Valley between $165,000 and $215,000), please send me a brief email so we can begin the process of finding you a home!

    A little bit of education goes a long ways, doesn�t it? If you can get exactly what you need via email such as my customized search why would a home shopper need anything else? The strategy of Luck and Guesswork involves using the large national websites with limited information! Without utilizing a customized search to finding the listings that you want, too many home buyers will rely on the strategy of Luck and Guesswork offered by the larger national websites.

    Community Info for Golden Valley

    The City of Golden Valley is suburb of the Minneapolis, lying on the western edges of Hennepin County. Home to large employers such as Honeywell and Tennant, Golden Valley is also has the corporate headquarters of General Mills. With an excellent Park and Rec department Golden Valley can offer everyone something to do for recreation. Just a short distance away from downtown Minneapolis people living in Golden Valley have access to a wide variety of social activities. If you are think about selling a home or buying Golden Valley it is time to give me a call about Golden Valley, MN.

    The First Step: Get Preapproved!

    For many MN first time home buyers the big, intimidating question is where do I start the process? Your very first step to home ownership is to get preapproved for a mortgage. By doing so you find out how much you are qualified for so that we can research homes in a price range with comfortable payments for you.

    Please take a moment to understand the strategy you are using to search for a home which is possibly the biggest investment you will make in your lifetime. I encourage all home buyers that I work with to be proactive and to take control of the property search strategy! Please take a moment to visit my website and find all of the Golden Valley.

    Scott Schultz
    Sales Executive, Licensed Realtor in Minnesota
    Remax Results
    scott.schultz@results.net
    Cell 952-221-7419
    Direct 952-431-2400
    Fax 952-431-0420
    14451 Founders Lane
    Apple Valley, MN 55124
    With a focus on Apple Valley real estate and surrounding communities.

  • How To Buy Home in Inver Grove Heights

    Posted Under: General Area in Inver Grove Heights, Home Buying in Inver Grove Heights, Financing in Inver Grove Heights  |  July 26, 2011 10:28 AM  |  423 views  |  No comments
    Do you want to learn about how to buy a home in Inver Grove Heights? The process of how to buy a home can be confusing for many people, especially for the MN first time home buyer. Since the process can be a bit complicated I would like to share with you some simple tips of how to help you accomplish your goal.

    How To Buy A Home in Inver Grove Heights

    Most home buyers begin their search for the perfect home on the internet. There are many ways to accomplish this but a good location for you to start is to use the MLS search engine on my website. There are tens of thousands of Minnesota real estate websites out there but you will soon find that many of the sites lack important details you will need when finding and pricing a home. National real estate websites do not show the annual property taxes due for each of the property listings which is one of the biggest factors your lender will need to determine what your monthly payments will be.

    Search for a Home in Inver Grove Heights on my website

    When you begin your search for homes in Inver Grove Heights on my personal website you will find all of the available listings from all of the real estate companies in the area. Because I am a member of the Multiple Listing Service (MLS), my real estate website will offer you complete details on every property from every company. I can also set up a specific MLS search for you so that I can email listings in your price range as they come available.

    Get Preapproved To Buy A home in Inver Grove Heights

    How will you know what kind of price range you should be looking for? In order for you to know the amount of monthly payments you will have for a home in Inver Grove Heights you will want to get a preapproval letter for a mortgage loan. Getting preapproved is the most important part of the process for how to purchase a home in Inver Grove Heights Since there is no cost or obligation when you get prequalified by one of our local MN mortgage lenders, you should do this right away so that you can clear any roadblocks there might be in the process of getting a home loan.

    Let's go look at homes!

    After you have been preapproved by a Minnesota mortgage lender I will take you out to look for homes in your price range. I generally recommend that we look through at least fifteen or more before you make your offer to purchase one. By doing this you will get educated on homes that are a excellent value for you to buy. When a listing comes available meeting your needs you should be ready to make your offer since properties at a good value sell fast.

    After the purchase agreement, and before closing

    Once you have made your offer it normally takes about 30 to 45 days before closing. Throughout this time your lender will collect all of your documentation they need from you to complete your loan approval. They will also order an appraisal on your home to make sure the home is a good value. They will also order a title policy from a title company to make sure you will get clean title to the home upon purchase.

    Closing on your home

    After your loan has been fully approved you will be ready for closing on your home in Inver Grove Heights. At this point all the parties involved get together at a title company to sign closing documentation and to give up property keys and welcome you to your new home. Now that you have closed on your home you will now be a homeowner!

    If you're searching for a Twin Cities home nearby St. Paul, you will want to include Inver Grove Heights in that search. Situated in northern Dakota County is only minutes away from downtown Saint Paul. Schools in Inver Grove Heights include Simley High, Inver Grove Heights Middle School, Salem Elementary, Hilltop Elementary, and Pine Bend Elementary. MN first time home buyers may find Inver Grove Heights particularly affordable if they qualify for the Dakota County First Time Buyers program. No matter what type of home you want the community of Inver Grove Heights has a lot to offer.

    Do you believe you're ready to start the process of looking for homes? Just send me a quick email as I am eager to help you begin your search for a home in Inver Grove Heights!

    Scott Schultz
    Sales Executive, Licensed Realtor in Minnesota
    Remax Results
    scott.schultz@results.net
    Cell 952-221-7419
    Direct 952-431-2400
    Fax 952-431-0420
    14451 Founders Lane
    Apple Valley, MN 55124
    With a focus on Apple Valley real estate and surrounding communities.

  • Lakeville Down Payment Assistance

    Posted Under: General Area in Lakeville, Home Buying in Lakeville, Financing in Lakeville  |  July 14, 2011 5:52 AM  |  517 views  |  No comments

    How much money will I need for a down payment for first time home buyers in Lakeville? The great news for first time home buyers is that there are MN down payment assistance programs available that can help you!

    Lakeville Down Payment Assistance

    Most down payment assistance programs are uniquely created to benefit people who are buying their first home in Minnesota. Each of the programs has its own set of qualifying guidelines. Programs might include parameters for income, remaining assets, income-to-debt ratios and credit score. You will want to check with a mortgage professional who specializes in MN down payment assistance to determine your eligibility.

    Dakota County First Time Home Buyers Assistance

    If you are a MN first time home buyer and searching for homes, you might want to consider buying a home in Dakota County. This county has one of the best MN down payment assistance programs available today, which brings the entry cost needed down to less than what you would need for a rental deposit! One of the benefits of searching for homes in Lakeville is that the Dakota County First Time Home Buyer Program is available to you.

    One of the most common down payment assistance program is now available in Lakeville as well as everywhere else in MN. The Minnesota Housing Finance Agency offers the HAF program which can help with between $3,000 and $4,500 of assistance. The HAF down payment assistance program is a second mortgage on your home but has zero interest and no monthly payments necessary. The other great thing about HAF is that it can usually be layered in combination with many other local city or county down payment assistance programs if they are available.

    Lakeville Down Payment Assistance Classes

    Most down payment assistance programs will require that you get a certification through a class for first time buyers. This class is an all-day session and is offered through community agencies all around Minnesota. Times and dates for the classes vary by location but are available evenings and weekends. As an important note, ff you are using a city or county down payment assistance program be sure to register for a class that satisfies both the state and local community program guidelines. Registation is simple and can be done 24 hours a day because you can register for the Home Stretch Workshop on the internet.

    These down payment assistance programs in Lakeville can be used with a variety of different types of home loans. Most commonly they would be used in conjunction with MN FHA loans to help with the minimum down payment. n the other had, if you already have a larger down payment available but need some additional help getting to 20% down , down payment assistance might help as well. They can also be used with USDA and VA loans in Minnesota.

    Lakeville Community Information

    If you are considering buying Lakeville real estate you will be happy to know that the City of Lakeville is one of the fastest growing areas in the Twin Cities. As a suburb of the Twin Cities metro in Dakota County the population of Lakeville, Minnesota is now just over 55,000 according to the most recent census of 2010. It seems there is always something to do in Lakeville, MN because of its highly active Park and Rec Department. First time buyers get a great benefit if they qualify for the Dakota County First Time Home Buyers Program If you are going to be making a move to the southern metro now is a good time to check out Lakeville real estate.

    Get Preapproved for Mortgage Financing

    The first step in the process of buying a home is to get preapproved for mortgage financing. This means that you meet with a local mortgage lender who will review your financial situation. In doing so they can tell you what types of Minnesota first time buyer programs you might be qualified for. This critical first part can be done over the phone and most lenders will even do this with you when you are off from work.

    Scott Schultz
    Sales Executive, Licensed Realtor in Minnesota
    Remax Results
    scott.schultz@results.net
    Cell 952-221-7419
    Direct 952-431-2400
    Fax 952-431-0420
    14451 Founders Lane
    Apple Valley, MN 55124
    With a focus on Apple Valley real estate and surrounding communities.

  • Rosemount Rental Homes

    Posted Under: General Area in Rosemount, Home Buying in Rosemount, Financing in Rosemount  |  July 13, 2011 5:51 AM  |  516 views  |  No comments

    Rosemount Rental Homes: Should I Rent Or Buy A Home?

    If you are in the hunt for Rosemount rental homes, hold on for a moment and consider the differences between renting homes versus owning. Since it is more expensive today to rent homes than to buy one isn’t it at least worth it to consider saving some money by buying a home?

    Rosemount Rental homes: Is It Worth The Cost of Renting?

    Rosemount rental homes, of course, have the advantage that you can get out of the lease contract in 12 months. This advantage comes at a cost, however, in that your rent payments will often times exceed those of a house payment. Additionally the security deposit may well be in excess of the necessary down payment cost required for buying a home when considering all of the down payment assistance programs available for MN first time home buyers. Finally, perhaps the highest cost in renting a homes is the fact that you are helping someone else buy their home with your rental payments helping make THEIR house payments.

    Still, the advantage may certainly be worth it to rent a home if you will be moving again to a another city at the end when your lease expires. I tend to think that if you buy a home today you should plan on staying in it for a few years while the market develops.

    Benefits To Buying Rosemount homes

    With all of the benefits available to the MN first time home buyer today, this list of benefits is long. The State of Minnesota now offers special loan programs through its Minnesota Housing Finance Agency to offer reduced interest rates as well as down payment assistance. Additionally many communities today offer additional down payment assistance loans or grants that both reduce what you need for cash to close as well as reducing your monthly payment.

    First Step To Buy A Home: Get Preapproved

    For many Minnesota first time home buyers the big question is where do I start? Your very first step to home ownership is to get preapproved for a mortgage. By doing so you find out how much you are qualified for so that we can search for homes in the right price range.

    Rosemount, MN as a Community

    The City of Rosemount continues to build on its small town character through neighborhood, school, and community activities. The Rosemount Park and Rec offers a wide variety of fun and leisure activities for any age. This is a peaceful community to raise a family in with a variety of high quality schools.

    If you have not yet considered buying a home I would definitely like to talk with you about the benefits of both renting versus buying. I encourage you to take the first step which is to email or call me.

    Scott Schultz
    Sales Executive, Licensed Realtor in Minnesota
    Remax Results
    scott.schultz@results.net
    Cell 952-221-7419
    Direct 952-431-2400
    Fax 952-431-0420
    14451 Founders Lane
    Apple Valley, MN 55124
    With a focus on Apple Valley real estate and surrounding communities.

  • Information for Stillwater First Time Home Buyers

    Posted Under: General Area in Stillwater, Home Buying in Stillwater, Financing in Stillwater  |  June 29, 2011 5:33 AM  |  534 views  |  No comments

    Most Minnesota first time home buyers are totally surprised when I show them the incredibly affordable Stillwater real estate available these days. The simple fact is that the housing affordability index in Minnesota has not been this favorable in decades. While many renters have only heard the negative news about real estate values, others have seen a completely different side. With the incredible combination of lower property values and historic low interest rates will make housing payments quite often lower than rent payments. So if you would like to meet with me and talk about becoming a Minnesota first time home buyer, I would truly love to talk with you.

    Stillwater MN Community Info

    Stillwater, Minnesota is the county seat of Washington County and is a pleasant twenty minute commute from St. Paul. Situated along the St. Croix River, just upriver from Hudson, WI Stillwater is often referred to as the birthplace of Minnesota. While a popular day-trip destination to enjoy its historic features, there has also been growth in new housing on the outskirts of the city in recent decades. Whether you are looking for an older home or new, Stillwater is a great place to consider home. If you want to learn more about buying Stillwater please call me to start your search.

    The great news today is that there are beneficial programs for the MN first time home buyer available for lower credit scores and low down payment. Unlike a few years ago, popular options include great fixed rate financing insured by the federal government such as VA and FHA. Additionally, some conventional financing has cropped up such as Home Path loans on select fannie mae foreclosed homes.

    Community Down Payment Assistance Programs

    In addition to State of MN 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 To Buy A Home: Get Preapproved

    For many Minnesota first time home buyers the intimidating question is where do I start? Your very first step towards buying your first home is to get preapproved for a first time buyer's mortgage. In so doing you will find out how much you are qualified for so that we can research homes in a price range with comfortable payments for you.

    Today's housing affordability index is so low it makes it a great time to look into buying Stillwater real estate. If you are tired of rising 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 always eager to answer all of your questions. Simply shoot me an email or give me a call and we will see what might be possible!

    Scott Schultz
    Sales Executive, Licensed Realtor in Minnesota
    Remax Results
    scott.schultz@results.net
    Cell 952-221-7419
    Direct 952-431-2400
    Fax 952-431-0420
    14451 Founders Lane
    Apple Valley, MN 55124
    With a focus on Apple Valley real estate and surrounding communities.

  • Woodbury First Time Home Buyers Information

    Posted Under: General Area in Woodbury, Home Buying in Woodbury, Financing in Woodbury  |  June 23, 2011 5:52 AM  |  556 views  |  No comments

    Minnesota first time buyers are usually surprised when I show them the incredibly affordable Woodbury real estate available these days. The simple fact is that the housing affordability index in Minnesota has not been this low in years. While many renters have only read the negative press about real estate values, others have seen a completely different side. The combination of reduced property values and low interest rates make housing payments quite often lower than rent payments. So if you would like to meet with me and talk about becoming a Minnesota first time home buyer, I would truly love to talk with you.

    Woodbury, Minnesota: A Great Place To Buy

    If you are looking for Woodbury real estate you'll find this to be one of the more prosperous communities in the metro. The community has grown rapidly over the last 20 years and consistently ranks high in Money magazine's best places to live in the United States. With a combination of excellent schools and stable economy, Woodbury, Minnesota is a great place to consider raising your family. The system of trails, parks, and open space in Woodbury has been noted by its residents as one of the more important reasons they live here. If your family is into active sports be sure to check out the Bielenberg Sports Center with its indoor ice rinks and complex of baseball and soccer fields. Woodbury also offers an excellent parks and recreation department with activities for both young and old.

    Programs for the First Time Home Buyer

    There are a variety of mortgage financing options that can may benefit you as a MN first time 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.

    MN Down Payment Assistance Programs

    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 To Buy A Home: Get Preapproved

    For many Minnesota first time home buyers the big question is where do I start? Your very first step to home ownership is to get prequalified for a home loan. By doing so you find out how much of a loan you are qualified for so that we can research homes in a price range with comfortable payments for you.

    Today's housing affordability index is so low it makes it a great time to look into buying Woodbury real estate. If you are tired of throwing your money away on rent, take this opportunity to learn more about the benefits of buying your first home. I've worked with many first time buyers before and am glad to answer any and all of your questions. Simply shoot me an email or give me a call and we will see what might be possible!

    Scott Schultz
    Sales Executive, Licensed Realtor in Minnesota
    Remax Results
    scott.schultz@results.net
    Cell 952-221-7419
    Direct 952-431-2400
    Fax 952-431-0420
    14451 Founders Lane
    Apple Valley, MN 55124
    With a focus on Apple Valley real estate and surrounding communities.

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