The median home price in Apple Valley, Minnesota is approximately $370,000. Prices vary by neighborhood and property type, with some areas offering more affordable options. For example, the neighborhood of Downtown Apple Valley has a mix of older and newer homes, while the area around Apple Valley High School features more modern constructions. Contact NMHL for current market data and to discuss your homebuying goals.

NMHL offers a range of mortgage programs in Apple Valley, Minnesota, including FHA, VA, conventional, jumbo, and specialty loans. Our loan officers can help you find the best program for your situation, whether you're a first-time buyer, self-employed, or have bad credit. For instance, our FHA loan program requires a minimum credit score of 580 and a down payment as low as 3.5%. We also offer VA loans with zero down payment options for eligible veterans.

Property taxes in Apple Valley average approximately 1.08% of assessed value. This translates to manageable monthly costs when factored into your mortgage payment. For example, on a $370,000 home, you can expect to pay around $3,996 per year in property taxes. Our loan officers can help you understand how property taxes will impact your mortgage payment and provide guidance on how to factor them into your homebuying decision.

Apple Valley has several notable neighborhoods to consider, including Downtown Apple Valley, which offers a mix of older and newer homes, and the area around Apple Valley High School, which features more modern constructions. Other popular neighborhoods include the Apple Valley Estates and the Valley View Estates. Each neighborhood has its own unique character and amenities, and our loan officers can help you explore the options that best fit your needs and budget.

School districts play a significant role in determining home values in Apple Valley. The Apple Valley School District is highly rated, with several schools receiving top marks from the Minnesota Department of Education. Homes located within the district boundaries tend to have higher values due to the demand for quality education. For example, a study by the National Association of Realtors found that homes in top-performing school districts tend to appreciate in value at a rate 10-20% higher than homes in lower-performing districts. Our loan officers can help you understand how school districts impact home values and provide guidance on how to factor this into your homebuying decision.

Minnesota offers several first-time homebuyer programs, including the Minnesota Housing First-Time Homebuyer Program, which provides low-interest loans and down payment assistance. NMHL also offers a range of programs specifically designed for first-time buyers, including FHA loans with down payments as low as 3.5% and VA loans with zero down payment options for eligible veterans. Our loan officers can help you explore these options and determine which one is best for you.

Getting pre-approved for a mortgage with NMHL is easy. Simply contact one of our loan officers and provide some basic financial information, including your income, credit score, and debt obligations. We'll review your information and provide you with a pre-approval letter stating the amount you're qualified to borrow. This letter can be used to make an offer on a home and can give you a competitive edge in the market. Our loan officers are here to guide you every step of the way and ensure that you have a smooth and successful mortgage experience.