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Mortgages blog posts

The Modern Homebuyer: Purchasing a Home with Student Debt

Ryan Platzke

As they grow older, more and more millennials are eyeing the housing market. Here in the Twin Cities, as growth continue to skyrocket, more people want a piece of the real estate pie. However, one the toughest hurdles when it comes to buying a home is student debt, an increasingly common issue. 

Down Payments: What Homebuyers in Eden Prairie Need to Know

Brace Helgeson

Saving for a down payment is an intimidating prospect for many would-be homebuyers in the Twin Cities market. However, there are many ways to source a financially sound down payment—if you know where to look and how to plan. Likewise, there’s plenty of misinformation out there making first-time homebuyers believer that purchasing a home is nearly impossible. To combat the daunting prospect of down payments, here are a few facts to keep in mind as you consider your homeownership needs and long-term financial goals.

Want to Buy a Home in Eden Prairie? Here’s How to Get Credit Ready

Ryan Platzke

One of the biggest hurdles to buying a home is getting your financial foundation in the right place. With that in mind, we’ve assembled a few ways you can double down on your credit ranking and get the most out of your mortgage when you finally decide to take the leap and buy a home in the Twin Cities region this year. Take a look below at a few practical ways to get smart with your money in preparation for homeownership. 

Average Homebuyer Credit Score Drops

Ryan Platzke
A recent report from Ellie Mae, a mortgage software company who processed over 3.7million loan applications in 2014, showed that the average credit score for home buyer has decreased. For the month of September the average FICO score for mortgage borrowers was 723. In comparison, in September of 2014 the average FICO score was 732