Info For St. Paul First Time Home Buyers

Have you been hearing that this is simply one of the best markets ever for the Minnesota first time home buyer, with mortgage payments often lower than rent? Well, if you haven't heard by now please take a moment to read on.

City of St. Paul Information

As both the capitol of Minnesota and the county seat of Ramsey County living in the city of Saint Paul is filled with things to do. Popular attractions such as the Xcel Energy Center and the Science Museum of Minnesota make St. Paul a popular destination for both its residents as well as those living in surrounding suburbs. Employment opportunities abound in St. Paul with major employers such as Ecolab, Lawson Software, Gander Mountain, and nearby 3M. St. Paul housing can be especially affordable for first time home buyers through the Ramsey County's First Home program. Residents enjoy popular regional events such as the Minnesota State Fair and the Winter Carnival. If you thinking of buying or selling a home in St. Paul please send me and email or give me a call as I'd love to help you accomplish your goal.

The great news today is that there are beneficial programs for the MN first time home buyer available with minimal down payments and expansive credit guidelines. Unlike a few years ago, popular options today include excellent fixed rate financing sponsored by the federal government such as FHA, VA, and USDA. In addition to those, some conventional mortgage financing has cropped up such as Home Path loans on select fannie mae foreclosed homes.

MN Down Payment Assistance Programs

In addition to State of Minnesota 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.

Get Preapproved Today

The first step in the process of buying a home s to get preapproved for your home loan. This simply means that you talk with a local 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 important first step can be done right over the phone and most lenders will even do this with you when you are off from work.

There may never be a better time to buy St. Paul homes for sale. 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 let's see what might be possible!


Robert Phyle,CSP,GRI,RSA
Broker Associate, Realtor
Coldwell Banker Burnet
rlphyle@cbburnet.com
Cell 612-801-4657
Direct 952-997-1955
Fax 952-432-8372
7741 147th St W.
Apple Valley, MN 55124
www.facebook.com/robphylerealestate
Visit my website to find Minnesota homes for sale