Twin Cities Mortgage

Twin Cities Mortgage Group

The Twin Cities Mortgage Group offers several different options for prospective borrowers:

• First time homebuyers can choose one of the many special programs designed to assist borrowers in obtaining a suitable mortgage loan. Both FHA and VA loans are offered through this lending group, and creative financing options such as 100% financing and no down payment loans are available to qualified applicants.
• Refinancing may include a cash-out option if necessary, but an assortment of refinances without cash-out are also offered through this company Refinance programs include loans to get borrowers a lower monthly payment as well as lower interest rates if available.
• Educational resources on the TC Mortgage Group website include calculators and informational articles. Borrowers can utilize these resources in order to make as informed a decision as possible.

Applications for purchase or refinance through Twin Cities Mortgage Group are available online or over the phone. This company acts as a mortgage broker, so your application will be reviewed by many potential lenders in an attempt to find the lowest interest rate with the best terms.

Other Twin Cities Lenders

If you would not prefer to work with a mortgage broker you can check out one of the many lenders offering mortgages within this region:

• Arbor Mortgage offers mortgage loans to borrowers with both good and bad credit.
• Bank of America is a well-known lender offering a variety of mortgage programs.
• Wells Fargo mortgage applications can be done online or at a local office.

This is a very brief listing of the many lenders available in this area. There are also plenty of mortgage lenders to choose from in the St. Paul/Minneapolis area. Local lenders, national lenders, and mortgage brokers are peppered throughout this geographic location. Choosing the best loan at the lowest interest rates is up to you.

Regional Data

If you are contemplating a move to the Twin Cities region, or if you would simply like to learn more about this metropolitan location, there are many resources online available. City-Data.com is an online forum that allows residents and other visitors to post valuable information regarding the area. Another great resource is the Metropolitan Council which lists a large amount of local information including maps of local parks and public transportation schedules.

Assistance for Buying a Home

The State of Minnesota has many homebuying assistance programs to choose from.

• Counseling agencies are available to potential homeowners who would like some education prior to applying for a loan.
• Regional assistance programs exist specific to certain counties and cities. Both Minneapolis and St. Paul have homeownership assistance programs for qualifying residents.
• Rural housing programs are available throughout Minnesota.

Twin Cities Housing Market

The Twin Cities housing market fluctuates similarly to other regions within the United States. In 2007, the average time a home within the Twin Cities would remain on the market was approximately sixty days, although many homes within this area sell much quicker if reasonably priced and attractive to buyers. The average cost of a home in the Twin Cities is around $225,000, but there are homes in this location that cost far less and far more.

The housing market within the Minneapolis/St. Paul area has dropped in recent years, but this is not much different from what the rest of the country is experiencing. If you are looking to purchase a home you may have the advantage of a so-called buyer’s market as prices drop and homeowners become willing to accept lower bids on their homes. The real estate market throughout the United States is continually evolving, however, so there is certainly no guarantee.