Embarking on the journey of purchasing a new home in the Twin Cities is an exhilarating experience, particularly for first-time buyers. However, as time progresses, the process can become disheartening when each potential home fails to meet expectations. While maintaining a realistic outlook on available options and affordability is crucial,…
Tag: St Paul Exclusive Buyer Agent
2024 Introduces Updated Home Loan Limits
In the face of escalating home prices, consumers are finding relief through recent announcements by the Federal Housing Administration, the regulatory authority for loan limits in conforming and government-guaranteed loan programs. Home loans are broadly classified into government-guaranteed, conforming, and jumbo lending products, with jumbo loans catering to larger amounts…
Twin Cities Homebuying: Questions to Ask When Touring a Condo or a Home
When you’re ready to begin searching for a new home, it’s easy to get swept up by the homebuying process. The combination of an exciting prospect of becoming a homeowner for the first time and the lack of education pertaining to the process can often lead to you leaving a…
Twin Cities Real Estate Market
The Twin Cities housing market has been crazy over the past few years. While there have always been periods of ups and downs, buyer’s markets and seller’s markets, yet the frenetic pace and swings has had everyone speculating. Now that interest rates have climbed back to more “normal” levels, those…
FHA mortgage insurance premiums
The FHA Mortgage Insurance premium will be reduced from 0.85 percent to 0.55 percent for most homebuyers seeking an FHA-insured mortgage, which could mean an estimated savings of $678 million for American families in aggregate by the end of 2023 alone. For details, please read the Department of Housing and Urban Development…
The First-Time Home Buying Process
Are you a Twin Cities first-time home buyer looking to purchase a single-family home, townhome, or a condo in the very near future? Please find below a few first-time home buyer steps to assist in the home-buying process. 1. Meet with a mortgage lender. When you meet with a mortgage loan officer, ask…