Minnesota first time buyers are usually surprised when I take them out looking for homes and show them the affordable Plymouth homes for sale. The simple fact is that the housing affordability index in Minnesota has not been this favorable in decades. While many renters have only read the negative press about values in real estate, others have seen it from a completely different angle The combination of reduced property values and low interest rates make your house payments quite often lower than your 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.
Plymouth: A Great Place to Live
If you are in the market to buy a home, the City of Plymouth, MN is a beautiful Minneapolis suburb to consider. As the state's 7th largest city, Plymouth is located just fifteen miles from downtown Minneapolis and is situated within Hennepin County. Even the press recognizes it as a great town as Plymouth was ranked by Money magazine as the 11th best place to live in the United States. This community has 53 beautiful parks, an excellent trail system, and plenty to do for everyone with its well-established recreation programs. Whether you are looking for a first home or your next home, let's get out and search for some great Plymouth real estate.
There are a wide variety of programs that may benefit you as a MN first time buyer. The most common program today is the FHA loan, 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.
Community Down Payment Assistance Programs
In addition to State of MN down payment assistance funds many local communities offer 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.
MN First Time Buyers First Step
For many MN first time home buyers the intimidating question is where do I start? Your first step to home ownership 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 comfortable price range.
Sales Executive, Licensed Realtor in Minnesota