City of Edina except the SW quadrant
Maximum purchase price $325,000
Single family, condos, townhomes
Up to $60,000, 5% simple interest, or 1st mortgage rate or share in percentage of appreciation
Loan due upon sale, refinance, or maturity of 1st mortgage
Buyer pays monthly interest or defers interest and pays principal plus 5% per year simple interest when the loan is due
NO FHA conventional only
Do Not have to be a 1st time home buyer
Situated immediately southwest of Minneapolis in Hennepin County, Edina has a population of 47,425.
Many major highways run through or are close to Edina, making it readily accessible to all within the metropolitan area. Minnesota State Highways 62 and 100 divide the City into four sections. Minnesota Highway 169 and Minnesota Highway 100 extend north and south. Interstate Highway 494 and Minnesota Highway 62 extend east and west. Minnesota Highway 7 is within three miles of the City. Interstate Highway 394 is within five miles.
Major employers in the City include Jerry’s Enterprises, Fairview Southdale Hospital, Macy’s — Southdale Center, Edina Public Schools, Nash Finch Co., International Dairy Queen, J.C. Penney Co. — Southdale Center and Edina Realty.
Edina has numerous retail shopping centers, including Southdale Center, the first climate-controlled, fully enclosed mall in the United States. Other shopping centers include Galleria, Yorktown and Centennial Lakes Plaza. The City also boasts a thriving downtown area at 50th Street and France Avenue, known simply as “50th & France.”
There are two hotels in Edina: Westin Galleria Edina and Marriott Residence Inn, adjacent to Edinborough Park. One of Edinaâ€™s crown jewels, Edinborough is a multi-use development that also includes an indoor park.
Edina values its history. The Baird and Grimes homes and Country Club District are listed on the National Register of Historic Places. The Grange Hall and Cahill School, owned by the City and located across from City Hall in Tupa Park, are also on the Register.