The median home price in Plymouth, Minnesota is approximately $430,000. Prices vary by neighborhood and property type. For example, homes in the Downtown Plymouth area tend to be more expensive, with prices ranging from $450,000 to over $600,000. In contrast, homes in the Plymouth-Coon Rapids neighborhood may be more affordable, with prices ranging from $350,000 to $500,000. Contact NMHL for current market data and to get pre-approved for a mortgage.

NMHL offers a range of mortgage programs in Plymouth, Minnesota, including FHA, VA, conventional, jumbo, and specialty mortgage programs. Our loan officers can help you find the best program for your situation, whether you're a first-time homebuyer, self-employed, or have bad credit. For example, our FHA loan program requires a minimum credit score of 580 and a down payment as low as 3.5%. Our VA loan program offers zero-down financing options for eligible veterans and active-duty military personnel.

Property taxes in Plymouth average approximately 1.05% of assessed value. This translates to manageable monthly costs when factored into your mortgage payment. For example, on a $430,000 home, you can expect to pay around $4,515 in property taxes per year, or approximately $376 per month. It's essential to consider property taxes when calculating your overall housing costs and determining how much home you can afford.

Plymouth has several desirable neighborhoods to choose from, each with its own unique character and amenities. The Downtown Plymouth area offers a mix of older and newer homes, with easy access to shops, restaurants, and community events. The Plymouth-Coon Rapids neighborhood is a popular choice for families, with good schools and plenty of parks and recreational facilities. Other popular neighborhoods in Plymouth include the Glenwood neighborhood, which features a mix of older and newer homes, and the Waverly neighborhood, which offers a more rural feel.

Plymouth is served by several school districts, including Independent School District 284 (ISD 284) and the Plymouth-Coon Rapids School District. These districts offer a range of educational programs and services, including highly rated schools and extracurricular activities. For example, ISD 284 has a graduation rate of over 90%, and several of its schools have received awards for excellence in education. When choosing a neighborhood in Plymouth, it's essential to consider the local school district and the quality of education provided.

NMHL offers several first-time homebuyer programs in Plymouth, Minnesota, including the Minnesota Housing First-Time Homebuyer Program. This program provides down payment assistance and other benefits to help make homeownership more affordable. For example, the program offers up to $10,000 in down payment assistance and a reduced mortgage insurance premium. Our loan officers can help you explore these options and determine which program is best for you.

To get pre-approved for a mortgage in Plymouth, simply contact NMHL and speak with one of our experienced loan officers. We'll review your financial situation, credit history, and other factors to determine how much you can borrow. Our pre-approval process is fast and easy, and we offer competitive interest rates and terms. For example, our online pre-approval application takes just a few minutes to complete, and you can receive a pre-approval decision within 24 hours.