Saint Paul's housing market is characterized by a mix of historic and modern homes, with a median home price of around $240,000. The city offers a range of neighborhoods to suit different lifestyles and preferences. From the scenic views of Summit Hill to the vibrant nightlife of Downtown West, there's something for everyone in Saint Paul.

As a borrower, it's essential to understand the local market conditions and trends. NMHL's mortgage specialists are knowledgeable about the Saint Paul housing market and can help you navigate the process. We offer a range of loan programs, including conventional, FHA, VA, and USDA loans, to suit different borrower needs.

Saint Paul has a diverse range of neighborhoods, each with its unique character. Some of the most popular areas include:

• Summit Hill: Known for its historic homes and scenic views.
• Downtown West: A vibrant neighborhood with modern condos and a lively nightlife.
• Frogtown: A rapidly revitalizing neighborhood with a mix of old and new housing stock.
• Hamline-Midway: A charming neighborhood with a strong sense of community.

NMHL's local expertise can help you navigate these neighborhoods and find the best mortgage options for your chosen area.

Property taxes in Saint Paul are calculated based on the property's estimated market value and the local tax rate. The average effective property tax rate in Saint Paul is around 1.23%. As a homeowner, you'll need to consider these taxes when budgeting for your mortgage payments.

NMHL can help you understand how property taxes impact your mortgage and overall cost of homeownership. Our mortgage specialists can also help you explore loan programs that factor in property taxes, such as escrow accounts.

The Saint Paul Public Schools district serves the city, with several highly-rated schools and programs. Homebuyers often consider the quality of local schools when choosing a neighborhood. NMHL's local expertise can help you understand how school districts impact home values and mortgage options.

In Saint Paul, you'll find a range of school districts, including the Saint Paul Public Schools district and several charter schools. Our mortgage specialists can help you navigate the local education landscape and find the best mortgage options for your needs.

Minnesota offers a range of programs to support first-time homebuyers, including the Minnesota Housing Finance Agency's (MHFA) First Time Homebuyer Program. This program offers down payment assistance and competitive interest rates to eligible borrowers.

NMHL also offers specialized loan programs for first-time homebuyers, including FHA loans with down payments as low as 3.5%. Our mortgage specialists can help you navigate these options and find the best fit for your situation.