The median home price in St. Cloud, Minnesota is approximately $220,000. Prices vary by neighborhood and property type, with popular areas like Downtown St. Cloud and the Lake Mille Lacs neighborhood offering a range of housing options. For current market data, contact NMHL for a personalized consultation. Our loan officers can provide you with the most up-to-date information on St. Cloud's housing market.

NMHL offers a variety of mortgage programs in St. Cloud, Minnesota, including FHA, VA, conventional, jumbo, and specialty loans. Our loan officers can help you find the best program for your situation, whether you're a first-time homebuyer, self-employed, or have a unique financial situation. We also offer NMHL pre-approval, which can give you a competitive edge in the St. Cloud market. Contact us to learn more about our mortgage programs and how they can benefit you.

Property taxes in St. Cloud average approximately 1.15% of assessed value. This translates to manageable monthly costs when factored into your mortgage payment. For example, on a $220,000 home, you can expect to pay around $2,530 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.

St. Cloud has several popular neighborhoods to choose from, each with its own unique character and amenities. Downtown St. Cloud offers a vibrant mix of shops, restaurants, and entertainment options, while the Lake Mille Lacs neighborhood provides easy access to outdoor recreation. Other popular areas include the St. Cloud State University neighborhood, which offers a range of housing options for students and young professionals, and the Waite Park neighborhood, which features a mix of older and newer homes. Our loan officers can provide more information on St. Cloud's neighborhoods and help you find the best fit for your lifestyle.

St. Cloud is served by several school districts, including St. Cloud Public Schools, which operates several elementary, middle, and high schools in the area. The district has a strong reputation for academic excellence, with several schools receiving high ratings from the Minnesota Department of Education. Additionally, St. Cloud is home to St. Cloud State University, which offers a range of academic programs and resources for students. Our loan officers can provide more information on St. Cloud's school districts and how they may impact your homebuying decision.

Minnesota offers several first-time homebuyer programs, including the Minnesota Housing First-Time Homebuyer Program, which provides affordable financing options and down payment assistance. NMHL also offers a range of programs specifically designed for first-time homebuyers, including FHA loans and VA loans. Our loan officers can help you understand your options and find the best fit for your situation. Contact us to learn more about first-time homebuyer programs in St. Cloud and how they can benefit you.

Down payment requirements vary depending on the mortgage program and lender. However, NMHL offers a range of mortgage programs with low down payment options, including FHA loans with as little as 3.5% down and VA loans with no down payment requirement. Our loan officers can help you understand your down payment options and find the best fit for your situation. Contact us to learn more about down payment requirements and how they may impact your mortgage payment.