The Hunt For West St. Paul homes For Sale

Finding homes in West St. Paul

There are a few different ways to find homes for sale in West St. Paul that I would like to tell you about. Since most Minnesota home buyers start their search for homes on the internet these days, I am finding that far too many miss out on all of the possible opportunities to search for the right home. In this post I’ll share with you the benefits and challenges to each of the methods for finding homes for sale in West St. Paul.

Finding West St. Paul homes For Sale On The Web

One of the first places to start is to go to my website to search for all of the available homes from all of the local brokers, with all of the details available. Large national websites leave out much of the important details such as property taxes due to the size of their websites. The issue is that when buying a homes in West St. Paul the property taxes are one of the largest factors which impact your monthly mortgage payments so why would you want to search for West St. Paul homes without such an important detail? Please got to my website and start searching for West St. Paul homes listed on the market today.

Search for West St. Paul homes Via Email

If you're serious searching for a West St. Paul homes, send me an email and tell me the specifics of the type of property you want. I can create advanced searches that will tell you not only what is available on the market via email, but also what has just become available. You will be instantly notified via email with new property listings that meet your advanced search critieria whenever they become available. Since I need to know the paramaters (such as 3 bedroom homes in West St. Paul between $150,000 and $200,000), please send me a brief email so we can begin the process of finding you a home!

A bit of education can go a long way, doesn’t it? If you can get exactly what you need via email such as my customized search why would you need anything else? The Guesswork and Luck strategy involves searching for properties the large national websites which don't contain all the property details. Without utilizing a customized search to finding the listings that you want, I find that far too many home buyers rely on the strategy of Guesswork and Luck offered by the large national websites.

The city of West Saint Paul is located just south of the state capitol of Minnesota, Saint Paul. The city name is actually derived from the fact that it is on the west bank of the Mississippi River. As a fully developed inner ring suburb of St. Paul, the population of West St. Paul has remained stable at about 19,500 over the past 20 years. Located in Dakota County, Minnesota first time home buyers can benefit from the Dakota County First Time Hom Buyer's Program. If you're interested in buying or selling a home in West Saint Paul please don't hesitate to give me a call.

First Step: Get Preapproved For Mortgage Financing

One of the most important factors in buying a home these days is to get preapproved for a loan. Some buyers leave this detail it to the very last minute Most buyers leave it to the last minute But it’s very important, especially for the MN first time home buyer to get preapproved for financing before buying a home. Please email me and I will help you with getting started in the process with a Minnesota mortgage banker.

Looking For West St. Paul homes?

Please invest the time to properly understand the strategy you are using to search for possibly the largest investment that you will ever make. I encourage you 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 available West St. Paul.


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

West St. Paul Rental homes: Is It Better To Buy or Rent?

West St. Paul Rental homes: Advantages of Buying vs. Renting

If you are in the hunt for West St. Paul 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?

West St. Paul Rental homes: Is It Worth The Cost?

West St. Paul rental homes, of course, usually have the advantage that you can get out of a lease arrangement within 12 to 24 months. I want you to remember that this advantage comes at a cost, however, , in that your rental payments will often 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 West St. Paul homes after considering all of the down payment assistance programs available for 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 rent payments, versus buying your own home.

Benefits To West St. Paul Rental West St. Paul

Still, the advantages of renting may be worth it to rent 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 West St. Paul homes

With all of the programs available to the MN first time home buyer today, it is hard to know where to start in terms of listing the benefits. 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: Get Preapproved

The first step in the home buying process s to get preapproved for your home loan. This means that you meet with a local mortgage lender who will review your financial situation. In the prequalification application they can tell you what types of MN first time buyer programs you might be qualified for. This first step can usually be done right over the telephone and most lenders will arrange to talk with you when you're off work, even in the evenings or weekends.

West Saint Paul Community Info

The city of West Saint Paul is located just south of the state capitol of Minnesota, Saint Paul. The city name is actually derived from the fact that it is on the west bank of the Mississippi River. As a fully developed inner ring suburb of St. Paul, the population of West St. Paul has remained stable at about 19,500 over the past 20 years. Located in Dakota County, Minnesota first time home buyers can benefit from the Dakota County First Time Hom Buyer's Program. If you're interested in buying or selling a home in West Saint Paul please don't hesitate to give me a call.

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


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

How To Rent Out Your Inver Grove Heights Home

Many Inver Grove Heights home sellers are challenged with the unfortunate problem of owing more on their home than what they can sell it for. The fact is that in order to sell your home in this market you need to be able to pay off your entire mortgage loan in order to sell it. Unless you want to arrange a "short sale" with your mortgage lender, this means you will have to bring money to the closing table to pay off the remaining mortgage owed. As a result many home sellers in Inver Grove Heights who want to move are considering the possibility of renting out their current home in order to buy a new one.

Inver Grove Heights Home Sellers: Is Renting A Good Option?

The good news today is that with the tougher mortgage market, rents have gone up significantly. Renters find that they are competing with each other to rent out a Inver Grove Heights home as their is a shortage of quality home rentals available today. Many home sellers in this position are finding that they can more than cover the expenses for owning the home with the increased amount of rents. The goal, of course, is to rent the old home out long enough to allow the real estate market to recover in terms of values. Hopefully within a few years the value of your rental home will rise sufficiently to sell it for enough to pay off the mortgage. The key to accomplishing this is to see if you will qualify for a new mortgage if you have rented out your current home.

Rental Income
Lenders have guidelines for the Inver Grove Heights sellers who will rent out their home to buy another. Depending on the equity that you have in your home, a mortgage lender may or may not consider the rental income you receive when they qualify you for the new mortgage. The only way to know this is to call a lender to get preapproved.

Once we meet to discuss the value of your old home it is critical that you go through the process of getting preapproved for mortgage financing on another home. Your mortgage broker can help you decide whether you should rent out or sell your current house. The process of getting preapproved is generally free and contains no loan obligation. A good lender will be able to examine all of the options available to you such as MN FHA loans, Conventional, VA, or other types of mortgage loans.

Inver Grove Heights Community Info

If you are looking for a home with a short commute to downtown St. Paul, take a moment to consider finding it in Inver Grove Heights, MN. Conveniently located in the northern section of Dakota County, Inver Grove Heights is just a short commute to downtown St. Paul. The school system in Inver Grove Heights include Simley High School, Inver Grove Heights Middle School, Salem Elementary, Pine Bend Elementary, and Hilltop 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 great deal to offer you.

If you would like to discuss the reality of renting out your current home, please email me for more information.

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

Selling Your Eden Prairie Home Today

If you are selling a home in Eden Prairie today you will find it can be quite a challenge, especially considering that nearly half of the competitive listings are short sales or foreclosures. Home values have been coming down in part because of the low listing prices offered by banks who need to reduce their real estate owned inventory. About half of the sales in today's market has come from traditional home sellers. Are you in the search for help to sell your home listing in Eden Prairie?

 

Benefits of Using A Realtor To Sell Your Eden Prairie Home

Perhaps it has never been more important to use a Eden Prairie real estate agent who understands the recent trends in Eden Prairie market values. When we come out and visit your property to complete a Competitive Market Analysis (CMA), we will compare all of the features and benefits of your property to the competing homes for sale in the area. We need to look at all of the houses that have sold within recent months to analyze what the actual sales prices have been. In so doing we can estimate what type of price a home buyer might pay for your home listing within a reasonable period of time on the market.

The challenge for many sellers today is trying to get enough for their home to pay off the existing mortgages on their home. If a property seller owes more on their home loans than what we can sell it for we will either need to discuss paying down the mortgage, going through the process of a short sale, or listing the current house for rent and in order to move to another one. With the quickly rising rents in today's market, sellers are quite often finding that they can cover all of the resulting expenses for the house through their renter's income.

Lenders have guidelines for the Eden Prairie sellers who will rent out their home to buy another. Depending on the equity that you have in your home, a mortgage lender may or may not consider the rental income you receive when they qualify you for the new mortgage. The only way to know this is to call a lender to get preapproved.

Get preapproved before listing your home for sale

Once we meet to discuss the value of your old home it is critical that you go through the process of getting prequalified for a home loan. Your mortgage lender can help you decide which of the options are best whether selling or renting out your current home. The process of preapproval is generally free and contains no loan obligation. A good mortgage banker will be able to analyze all of the options available to you such as MN FHA loans, Conventional, VA, or other types of mortgage loans.

Eden Prairie City Info

Located just twelve miles southwest of Minneapolis, Eden Prairie is a popular commuter city to the Twin Cities. Growing now to over 60,000 residents, the city has more than tripled in size over the last 30 years. In addition to Minneapolis employment, Eden Prairie has businesses such as Digital River and CH Robinson which are headquartered here. Eden Prairie has been listed in Money Magazines "Best Places to Live" in America over the past 5 years. With historical low interest rates and plenty of affordable housing, this is a popular place for MN first time homebuyers and move up buyers alike. If you are considering buying a home in Eden Prairie please give me a call.

Are You Ready To Talk?

If you want to learn more about selling your Eden Prairie home call me. I will work with you to complete a market analysis of your home for free. We will discuss your options available in the market today. Feel free to send me an email or call me.


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

Attention Edina First Time Home Buyers

Minnesota first time home buyers are generally surprised when I take them out looking for homes and show them the affordable Edina homes for sale. The fact is that the housing affordability index in Minnesota has not been this low in years. While many renters have only heard the negative news about real estate values, others have seen a completely different side. 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.

City of Edina

Conveniently located in Hennepin County, Edina is a beautiful first-ring suburb of Minneapolis. As a fully established community, the population has remained stable at around 47,000 over the past 40 years. While large employers such as Jerry's Foods and Fairview Southdale hospital are here, many residents enjoy an easy 20 minute commute to downtown Minneapolis. While often considered one of the most affluent communities of the Twin Cities, MN first time home buyers may be interested in one of the Edina's downpayment assistance programs which offers up to $60,000 to qualified buyers. If you are interested in buying or selling a home in Edina please give me a call.

There are plenty of excellent resources in the great state of Minnesota for first time home buyers. Did you know that Minnesota offers financing programs designed exclusively for first time home buyers through the Minnesota Housing Finance Agency? Commonly known as MHFA, this state agency provides home mortgage financing through Minnesota mortage brokers at reduced interest rates along with possible down payment assistance programs. More lenient credit parameters in this program are also helpful to many buyers wishing to buy their first home. Minnesota Housing Finance Agency works with traditional mortgages such as FHA mortgages, VA loans, and conventional mortgage financing.

Down Payment Assistance

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.

The First Step: Get Preapproved!

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

Today's housing affordability index is so low it makes it a great time to buy Edina homes for sale. If you are tired of rising rent payments, take this opportunity to learn more about the benefits of buying your first home. I've worked with many MN first time buyers before and am always eager to answer all of your questions. Simply give me a call or send me an email and we will 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

Prior Lake Homes And FHA Loans

One of the most common methods of financing Prior Lake real estate is through FHA (the Federal Housing Administration). This federal program originated back in the 1930’s to help with a similar situation we have today when home foreclosures were rising and home buyers struggled to come up with a large down payment. FHA loans have many advantageous guidelines for both the MN first time home buyer as well as the homeowner who is selling one home to buy another.

Prior Lake FHA Loans: Not Just for First Time Home Buyers

While the years of the zero down payment loans have gone away for most of us, Prior Lake FHA mortgages offer the smallest down payments available in Minnesota. This along with the fact that most negotiated purchase agreements today involve “seller paid closing costs” allows for a much more achievable entry cost. This can also an advatage for current home owners who want to sell their home but have little or no equity and need to buy their next one with a small down payment.

FHA and Credit Scores

Prior Lake buyers will also find that FHA loans offer more expansive credit guidelines than other types of home financing. Prior Lake home buyers who have some credit challenges may more frequently qualify for a loan with FHA. Unlike conventional loans which have big pricing adjusters based on the home buyers credit scores, interest rates and discount points on FHA loans vary only slightly based on credit scores.

Prior Lake FHA loans also allow a borrower to qualify through the use of a non-occupant co-signer Unlike almost every other mortgage program, this means that if you do not quite qualify for the house in Prior Lake that you want to buy you can have a family member co-sign on the loan to strengthen your application. This feature of the FHA loan has been used more and more as many borrowers have struggled through reduced incomes and job losses in recent years.

Prior Lake first time buyers also may benefit through reduced interest rates and programs for down payment assistance through Minnesota Housing. This state agency makes use of FHA's special features which allow for second mortgages on the home to be used for reducing the buyer's entry costs. While maximum income limits will apply for this loan through MHFA, many MN first time home buyers are making use of these programs today.

First Step: Get Preapproved For Mortgage Financing

One of the most important factors in searching for a home is to get preapproved for mortgage financing. Some buyers leave this detail it to the very last minute partly because it is the least fun of the whole process. But it’s very important, especially for the MN first time home buyer to get preapproved for a hoome loan before searching for a home. Please call me and I will help you get started with a Minnesota mortgage lender.

Prior Lake Community Info

Known as the sister city of Shakopee, Prior Lake is located about 20 miles southwest of downtown Minneapolis. With plenty of affordable housing for MN first time home buyers and move up buyers alike, the city has doubled in size over the past 20 years. The combination of Upper and Lower Prior Lakes make up the largest lake in the lower Twin Cities area. With 54 city parks and a well established Park and Rec, it seems like there is always something to do in Prior Lake. If you are looking to buy or sell a home here, please give me a call.

If you want to learn more about buying a Prior Lake home using FHA financing, please email me or give me a call. With low prices and historically low interest rates on FHA loans it is a great time to be a home buyer in Minnesota!


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

Down Payment Assistance: Help for Dakota County First Time Buyers

How much do I need for a down payment for first time home buyers in Dakota County? The great news for first time home buyers is that there are MN down payment assistance programs available that can help qualified home buyers.

 

Down Payment Assistance Programs for Dakota County

Most programs for down payment assistance today are created to aide the first time home buyer. Each has its own set of guidelines to qualify. 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 Count 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 Dakota County 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 Dakota County as well as all other communites Minnesota. The Minnesota Housing Finance Agency offers a great program called HAF which can be used for either $3,000 or $4,500 worth of assistance. This HAF down payment assistance is a second mortgage on your home but has no interest and no monthly payments necessary. One benefit to HAF is that it can be used along with other local community down payment assistance programs if they are available.

Dakota County Home Stretch Workshops

Most down payment assistance programs in Minnesota have a requirement that must get a certification through a class for first time buyers. This class is an all-day session and is offered through several community agencies Times and dates for the classes vary by location but are available evenings and weekends. If you are using a local community down payment assistance program be sure to find a class that satisfies both the state and local community program guidelines. The nice thing is that you can register for your Home Stretch Workshop on their website.

Dakota County Home Buyer Programs

These down payment assistance programs in Dakota County can be used with many types of mortgage financing. They would normally be used with MN FHA loans to help with the minimum down payment. On the other had, if you already have a significant down payment but need some help getting to 20% down to eliminate the need for mortgage insurance, these programs can be helpful as well. Most programs for down payment assistance will work with other programs like VA and USDA loans in Minnesota.

Dakota County Information

Dakota County, situated in the southeastern portion of the larger Twin Cities area, is the 3rd largest county in Minnesota. Some of the largest cities of the county include Burnsville, Apple Valley, and Eagan. The county seat of Dakota County is in Hastings,MN. As one of the fastest growing areas in the Twin Cities real estate market, the population has more than doubled since the 1980 census. MN first time home buyers benefit from affordable home prices in the area as well as the down payment assistance from the Dakota County First Time Buyers Program.

First Step: Get Preapproved

The first part in the process of buying a house is to get prequalified for financing. This simply means that you talk with a local lender who analyzes your credit, income, assets, and debts. In doing so they can tell you what types of MN first time buyer programs you might be qualified for. This important first step can be done right over the phone and most lenders will arrange to talk with you when you're off work, even in the evenings or weekends.


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

Eden Prairie Rental homes: Time to Buy or Rent?

Eden Prairie Rental homes: Should I Rent One Or Buy?

If you are looking for Eden Prairie rental homes, pause for a couple of minutes and consider the difference in renting homes versus buying one. 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?

Eden Prairie Rental homes: Is It Worth The Cost?

Eden Prairie rental homes will typically have the advantage that you can get be released of a lease arrangement in about one year's time. This advantage comes at a cost, however, , in that your rental payments will often exceed those of a house payment. Additionally the rental deposit may well be in excess of the entry cost required for buying a home after considering all of the down payment assistance programs available. Finally, perhaps the real 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.

The advantages may certainly be worth it, despite the high cost of renting, to rent if you have plans on moving again at the end of your lease. 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 Eden Prairie homes for the First Time Buyer

With all of the great benefits available to the MN first time home buyer today, it is hard to know where to start in terms of benefits. 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.

Get Pre-qualified

The first part in the process of buying a house s to get preapproved for your home loan. This means that you meet with a local mortgage lender who analyzes your credit, income, assets, and debts. In doing so they can tell you what types of Minnesota first time buyer programs you might be qualified for. This first step can usually be done right over the telephone and most lenders will arrange to talk with you when you're off work, even in the evenings or weekends.

Eden Prairie City Info

Located just 12 miles southwest of downtown Minneapolis, Eden Prairie , MN is a popular bedroom community to the Twin Cities. Growing now to over 60,000 residents, the city has more than tripled in size over the last 30 years. Business such as Digital River, Super Value and CH Robinson have their headquarters here. Eden Prairie has consistently been listed in Money Magazines "Best Places to Live" in America over the past 5 years With low mortgage rates and plenty of affordable housing, this is a popular place for MN first time homebuyers and move up buyers alike. If you are looking to buy or sell a home in Eden Prairie please contact me.

Eden Prairie Rental homes: A summary

If you have not yet thought of buying a homes I would like the opportunity to discuss with you about the benefits of both renting versus buying. I offer a totally free consultation, with no obligation and am eager to help.




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

Buying A Eden Prairie Home With A VA Loan

Eden Prairie VA Home Loans

One common financing option for buying Eden Prairie real estate for Minnesota home buyers is available through the VA. This type of Eden Prairie mortgage financing has increased by about twenty per cent over the last few years due in part to the increasing number of our Minnesota 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.
Many veteran home buyers misunderstand the fact that they may use their VA financing benefit multiple times. As a result veterans do not necessarily need to be a first time buyer in order to get VA loans with zero down payment. This can be a perfect solution for current homeowners who want to sell their home despite having minimal equity. Since they will be able buy their next home with no down payment with a Minnesota VA loan they can more easily sell their home despite receiving no proceeds from the sale.

Eden Prairie Veterans First Step: Determine Your Eligibility

Veterans must determine two things to see if they are eligible for VA financing. First they must see if they are eligible for a VA Certificate of Eligibility (COE). They can apply for the Certificate of Eligibility online or through their mortgage lender. There are several categories for eligibility and I encourage veterans to check with the VA or to research their eligibility online

It is important to note that he Certificate of Eligibility offers a guarantee to the lender which compensates them for a portion of their losses in the event of foreclosure This guarantee is paid for by the veteran home buyer in the form of the “VA funding fee” which is commonly financed within the mortgage loan. The funding fee is waived for veterans who have disabilities related to the service.

Are You Eligible for a VA Loan? Get Preapproved!

A second thing a Eden Prairie veteran home buyer should determine is if they can get prequalified for a VA loan. I encourage all Minnesota veterans to get preapproved for MN VA loans before we go out shopping for Eden Prairie homes. By going through the preapproval process the banker will review your financial scenario to determine if you meet the requirements for a VA loan. This critical first step is usually done at no charge and can be done within a few days. In fact many MN VA lenders will do this right over the phone, even on weekends when you're off work.

Eden Prairie Community Information

Conveniently situated 12 miles from downtown Minneapolis, Eden Prairie is a popular bedroom community to the Twin Cities. With over 60,000 residents, the community has tripled in size since the 1980 census. Local business such as Digital River, Super Value and CH Robinson are headquartered here. Eden Prairie has been listed in Money Magazines "Best Places to Live" in America since 2006. With historical low interest rates and plenty of affordable housing, this is a popular place for MN first time homebuyers and move up buyers alike. If you are looking to buy or sell a home in Eden Prairie please give me a call.

Eden Prairie Veterans: Are You Ready To Buy?

If you are a Eden Prairie veteran and are interested in buying your first home please send me an email or give me a call. Whether you currently own a home or are looking to buy your first home, Eden Prairie VA loans can be a great way to buy a home. With rates at record lows combined with lower property values many veterans are finding that it is cheaper to buy a home than to rent!




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

Info For Prior Lake First Time Home Buyers

Are you starting to think about buying your first house in Prior Lake? Many MN renters today are beginning to realizing that the recent rise in rent payments is making Prior Lake more reasonable than ever before. With today's historic low interest rates and lower property values the monthly payments on your first home in Prior Lake may be even lower than what you are paying for rent! If you are a MN first time buyer I would love the opportunity to talk with you about the possibilities.

Known as the sister city of Shakopee, Prior Lake is located about 20 miles southwest of downtown Minneapolis. With plenty of affordable housing for MN first time home buyers and move up buyers alike, the city has doubled in size over the past 20 years. The combination of Upper and Lower Prior Lakes make up the largest lake in the lower Twin Cities area. With 54 city parks and a well established Park and Rec, it seems like there is always something to do in Prior Lake. If you are looking to buy or sell a home here, please give me a call.

First Time Buyer Financing Programs

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 has flexible credit and qualifying guidelines with a small down payment. 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.

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.

Get Preapproved for Mortgage Financing

The first step in the home buying process is to get preapproved for mortgage financing. This simply means that you talk with a local lender who analyzes your credit, income, assets, and debts. In doing so they can tell you what types of MN first time buyer programs you might be qualified for. This first step can usually be done right over the telephone and most lenders will even do this with you when you are off from work.

There may never be a better time to look into buying Prior Lake homes for sale. If you are tired of the steady increase of rent payments take this opportunity now to learn more about the benefits of becoming a first time home buyer. I've worked with many first time home buyers before and am glad to answer any and 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