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Scott Schultz's Blog

By Scott Schultz | Agent in Apple Valley, MN
  • 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  |  558 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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