Burnsville's housing market is competitive, with a range of homes available from $200,000 to over $500,000. The median home price in Burnsville is $330,000, making it an attractive option for first-time homebuyers and seasoned buyers alike. Our loan officers have extensive knowledge of the local market and can provide personalized guidance on finding the right home at the right price.

Some popular neighborhoods in Burnsville include:

• Downtown Burnsville: Known for its vibrant shops and restaurants
• Lake Riley: Offers beautiful parks and lake access
• Granville: A family-friendly neighborhood with excellent schools

Contact NMHL to learn more about the different neighborhoods and find the best fit for your lifestyle and budget.

Property taxes in Burnsville average approximately 1.10% of assessed value. This translates to manageable monthly costs when factored into your mortgage payment. For example, on a $330,000 home, you can expect to pay around $3,630 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.

It's essential to consider property taxes when buying a home in Burnsville, as they can have a significant impact on your overall costs. Our team can help you understand the property tax implications of different neighborhoods and provide guidance on how to minimize your tax liability.

Burnsville is served by several school districts, including Burnsville-Eagan-Savage (BES) and Lakeville. These districts offer a range of educational programs and extracurricular activities for students of all ages. The quality of local schools can have a significant impact on home values, so it's essential to consider the school district when buying a home in Burnsville.

Some of the top-rated schools in Burnsville include:

• Burnsville High School
• Lakeville North High School
• Granville Elementary School

Our loan officers can provide more information on the local school districts and help you understand how they may impact your homebuying decision.

Minnesota offers several first-time homebuyer programs, including the Minnesota Housing Finance Agency's (MHFA) 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 homebuyers, including FHA loans with low down payment requirements.

Some of the benefits of these programs include:

• Low down payment requirements (as low as 3.5%)
• Competitive interest rates
• Down payment assistance options

Our loan officers can help you understand the different options available and guide you through the application process.

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

• FHA loans for borrowers with lower credit scores
• VA loans for eligible veterans and service members
• Self-employed borrower programs

Our loan officers can help you understand the different options available and guide you through the application process.