NMHL Mortgage Lending
Mortgage Lender in Eden Prairie, MN
Local expertise and competitive rates for Eden Prairie homebuyers.
Eden Prairie Housing Market Overview
Eden Prairie is a growing community in Minnesota offering diverse mortgage options for homebuyers. Contact NMHL for personalized Eden Prairie mortgage rates and programs.
See What You Qualify For
Takes about 5 minutes. No obligation. No credit check until you are ready.
Your Local Mortgage Partner
We understand the local market dynamics that affect your home purchase. Our team provides personalized loan options based on local property values and regulations.
Available Loan Programs in Eden Prairie
Explore mortgage options tailored to Eden Prairie homebuyers
First Time Home Buyer Mortgages
Special loan programs helping newcomers purchase their first home with favorable terms and support.
Learn MoreRefi-Shield
Learn MoreAdjustable-Rate Mortgage (ARM)
Financial flexibility and optimal rates with an Adjustable-Rate Mortgage – Your key to a dynamic homeownership journey
Learn MoreHigh-Value Appraisal Program
Learn MoreInterest Only Mortgages
Interest-only mortgages allow borrowers to pay only the interest for a set period, reducing initial monthly payments.
Learn MoreHome Equity Loans
Access the equity in your home with a fixed-rate home equity loan. Get a lump sum with predictable monthly payments for ...
Learn MoreFHA Loans
Federal Housing Administration (FHA) loans are government-backed mortgages designed to help first-time homebuyers and th...
Learn MoreFixed-Rate Mortgage
Lock in your interest rate for the life of the loan with a fixed-rate mortgage. Predictable monthly payments make budget...
Learn MoreBridge Loans
Bridge the gap between buying your new home and selling your current one. Short-term financing that gives you the flexib...
Learn MoreVA Loans
VA loans are a benefit earned by veterans, active-duty service members, and eligible surviving spouses. Backed by the De...
Learn MoreConventional Loans
Conventional loans are not backed by government agencies and typically offer the most flexibility for qualified borrower...
Learn MoreITIN Loans
Purchase a home using your Individual Taxpayer Identification Number (ITIN) without a Social Security Number. NMHL is co...
Learn MoreJumbo Loans
Jumbo loans exceed conforming loan limits and are designed for luxury properties and homes in high-cost areas. With comp...
Learn MoreDSCR Investment Loans
Debt Service Coverage Ratio (DSCR) loans qualify based on rental income rather than personal income. Perfect for real es...
Learn MoreBank Statement Loans
Bank statement loans are designed for self-employed borrowers and business owners who have difficulty documenting income...
Learn MoreReverse Mortgages
For homeowners 62 and older, reverse mortgages allow you to access your home equity without monthly payments. Stay in yo...
Learn MoreUSDA Mortgages
USDA Rural Development loans help moderate-income buyers purchase homes in eligible rural and suburban areas. With no do...
Learn MoreHeloc
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Eden Prairie Housing Market Trends
Eden Prairie's housing market is competitive, with a mix of new construction and established neighborhoods. The city's strong economy, good schools, and high quality of life make it an attractive place to live and work. According to recent data, the Eden Prairie housing market is experiencing steady growth, with home prices increasing by 5% over the past year.
- Median Home Price: $440,000
- Average Days on Market: 30-60 days
- Average Sales Price: $420,000 - $460,000
NMHL's experienced loan officers can help you navigate the Eden Prairie housing market and find a mortgage that fits your needs.
Neighborhoods in Eden Prairie
Eden Prairie has several desirable neighborhoods, each with its own character and amenities. Some popular neighborhoods include:
- Downtown Eden Prairie: A vibrant downtown area with shops, restaurants, and entertainment options.
- Oakwood: A family-friendly neighborhood with good schools and parks.
- Valley View: A neighborhood with a mix of older and newer homes, close to shopping and recreational areas.
Our loan officers can help you explore mortgage options for homes in these and other neighborhoods.
Property Taxes in Eden Prairie
Property taxes in Eden Prairie average approximately 1.02% of assessed value. This translates to manageable monthly costs when factored into your mortgage payment. For example, on a $440,000 home, you can expect to pay around $4,488 per year in property taxes.
It's essential to consider property taxes when calculating the total cost of homeownership in Eden Prairie. Our loan officers can help you understand how property taxes will impact your mortgage payment.
NMHL's loan officers can help you factor property taxes into your mortgage payment and explore options for reducing your tax burden.
School Districts in Eden Prairie
Eden Prairie is served by the highly-rated Eden Prairie Public Schools district. The district has a strong reputation for academic excellence, with several schools receiving top rankings in Minnesota.
- Eden Prairie High School: A top-rated high school with a strong focus on STEM education.
- Valley View Middle School: A highly-rated middle school with a focus on character development and academic achievement.
The quality of local schools can have a significant impact on home values. Our loan officers can help you understand how school districts will impact your mortgage and homeownership experience.
First-Time Homebuyer Programs in Eden Prairie
NMHL offers several first-time homebuyer programs in Eden Prairie, including:
- FHA Loans: With 3.5% down, FHA loans are a popular option for first-time homebuyers.
- Minnesota 'Start Up' Program: This program provides down payment assistance and is available to first-time homebuyers who meet certain income and credit score requirements.
Our loan officers can help you determine which program is best for you and guide you through the application process.
Frequently Asked Questions
The median home price in Eden Prairie, Minnesota is approximately $440,000. Prices vary by neighborhood and property type. Contact NMHL for current market data and to get pre-approved for a mortgage.
NMHL offers FHA, VA, conventional, jumbo, and specialty mortgage programs in Eden Prairie, Minnesota. Our loan officers can help you find the best program for your situation, including options for borrowers with bad credit or those who are self-employed.
Property taxes in Eden Prairie average approximately 1.02% of assessed value. This translates to manageable monthly costs when factored into your mortgage payment. It's essential to consider property taxes when calculating the total cost of homeownership in Eden Prairie.
Eden Prairie has several desirable neighborhoods, including Downtown Eden Prairie, Oakwood, and Valley View. Each neighborhood offers a unique character and amenities. Our loan officers can help you explore mortgage options for homes in these and other neighborhoods.
NMHL offers several first-time homebuyer programs in Eden Prairie, including FHA loans with 3.5% down and Minnesota's 'Start Up' program, which provides down payment assistance. Our loan officers can help you determine which program is best for you.
Yes, NMHL offers mortgage options for borrowers with bad credit in Eden Prairie. Our loan officers can help you explore subprime mortgage options or credit repair strategies to improve your chances of getting approved for a mortgage.
To get pre-approved for a mortgage in Eden Prairie, contact NMHL and speak with one of our experienced loan officers. We'll need some basic financial information from you, including income, credit score, and debt obligations. Our loan officers will then provide you with a pre-approval letter stating the amount you're qualified to borrow.
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Let NMHL help you navigate the Eden Prairie housing market with expert guidance and competitive rates.