The Coon Rapids housing market is experiencing steady growth, with a median home price of $290,000. The local market offers a range of housing options, from affordable starter homes to luxury properties. According to recent data, the Coon Rapids area has seen a 10% increase in home prices over the past year, making it an attractive location for investors and first-time homebuyers alike.

Some popular neighborhoods in Coon Rapids include:

• Andover-Coon Rapids: Known for its good schools and family-friendly atmosphere.
• Downtown Coon Rapids: Offers a more urban lifestyle with shops and restaurants.
• Coon Rapids-Ramsey: A mix of urban and suburban living.

NMHL's loan officers can help you navigate the local market and find the best mortgage program for your needs.

Property taxes in Coon Rapids average approximately 1.12% of assessed value. This translates to manageable monthly costs when factored into your mortgage payment. For example, on a $290,000 home, you can expect to pay around $3,248 per year in property taxes.

It's essential to consider property taxes when calculating your overall housing costs in Coon Rapids. Our loan officers can help you understand how property taxes may impact your mortgage payment and provide guidance on how to minimize your tax liability.

Coon Rapids is served by several school districts, including Coon Rapids-Bayard Community Schools and Andover Public Schools. These districts offer a range of educational programs and extracurricular activities.

For example, Coon Rapids High School is highly rated and offers a variety of Advanced Placement courses. School districts can impact home values, so it's essential to consider this factor when buying a home in Coon Rapids.

• Coon Rapids-Bayard Community Schools: Offers a range of educational programs, including STEM and arts programs.
• Andover Public Schools: Known for its strong schools and community involvement.

NMHL's loan officers can help you explore the local school districts and find the best fit for your family's needs.

Minnesota offers several first-time homebuyer programs, including the Minnesota Housing Finance Agency's (MHFA) First-Time Homebuyer Program. This program provides low-interest loans and down payment assistance to eligible borrowers.

NMHL also offers a range of mortgage programs specifically designed for first-time homebuyers, including FHA loans with low down payment requirements. Contact us to learn more about these programs and get pre-approved for a mortgage.

• MHFA First-Time Homebuyer Program: Provides low-interest loans and down payment assistance.
• FHA Loans: Allow credit scores as low as 580 and low down payment requirements.

Don't miss out on these opportunities! Contact NMHL today to get started.

At NMHL, we understand that not all borrowers have the same financial situation. That's why we offer a range of mortgage programs specifically designed for underserved borrowers, including:

• FHA Loans: Allow credit scores as low as 580 and low down payment requirements.
• VA Loans: May have more lenient credit requirements for eligible veterans.
• Specialty Loans: For borrowers with unique credit situations.

Our loan officers can help you explore these options and find the best fit for your needs. Contact us today to get started.

Minnesota offers several down payment assistance programs, including the Minnesota Housing Finance Agency's (MHFA) Down Payment Assistance Program. This program provides up to 5% of the purchase price in down payment assistance.

NMHL also offers a range of mortgage programs with low down payment requirements, including FHA loans with as little as 3.5% down. Contact us to learn more about these programs and get pre-approved for a mortgage.

• MHFA Down Payment Assistance Program: Provides up to 5% of the purchase price in down payment assistance.
• FHA Loans: Allow as little as 3.5% down.

Don't let down payment requirements hold you back! Contact NMHL today to explore your options.