Mortgage Options in the State of Minnesota
Minnesota, also known as the Land of 10,000 Lakes, is world-renowned for its water sports, like fishing, canoeing, fishing, and water skiing. Minnesota is also lauded for it's citizens' high level of education, physical fitness, and civic activism -- which all make it a great place to buy a home in 2018. Fortunately, our local team of home loan and home finance experts is ready and waiting to educate you about all the basics of purchasing a home in Minnesota. Right now, the Minnesota median home value is $264,000, just a little more than the U.S. median home listing price of $261,500.
One of the priciest places to purchase a home in Minnesota is Edina, where the median listing price is $693,500, nearly three times more than the statewide median. Other somewhat expensive areas in Minnesota include Minnetonka, with a median home listing price of $399,950, and Eden Prairie, with a median home listing price of $444,900. In comparison, in St. Paul, the state's capital, the average listing price is only $214,900.
We created home.loans in order to guide you through every stage of the home purchase process -- and our team is excited to help you buy a home with confidence. Maybe you're looking for advice on how to buy your first home, or perhaps you want to utilize a government loan program like a USDA, VA or FHA loan. Or, you might want to tap the equity in your home through a home equity loan or HELOC. Either way, we can't wait to help you gain financial insight throughout your home buying journey.