There is first time home buyer assistance Minnesota, and now’s a great time to take advantage of such assistance.
For quite some time, the housing stock inventory in the Twin Cities region was a bit stagnant, but times have changed. In the 13-county metro area, inventory levels are up this year, with about 17,000 places to choose from! To put this into perspective, there are now more homes to choose from in Minneapolis-St. Paul in 2014 compared to 2013, 2012 and 2011. Finally.
In other good news, not as many homes are in foreclosure lately, and the number of desirable traditional homes for sale has increased. If you’ve been thinking about buying a home in Minnesota, this is the right time to do it.
MN housing is dependent on several factors. Is the state seeing job growth? Is consumer confidence up or down? Are families stressed out and just trying to get by, or are they in stable financial situations? For the most part, Minnesota’s economy is doing better than other states, which means people are in the mood in Minnesota to buy homes. And now that there are more homes to choose from, that’s a win-win situation. Minnesota is also unique in that it offers people options to finance the biggest purchase of their lives.
With first time home buyer assistance available in Minnesota, you could conceivably move into your new place this year. Wouldn’t it be nice to have a new place to call your own? A new place means you get to decorate it with furniture pieces, artwork, plants and more. It’s a time of new beginnings. Depending on your income and the purchase price of the home you’re interested in, Lake Area Mortgage may be able to help assist you with the purchase process.
Call Lake Area Mortgage at 651-209-2900 or email infoLAM@lakeareamtg.com to discuss available options for first time home buyer assistance in Minnesota.