Financing

The mortgage process….

So you are preapproved to buy a house, you write your purchase agreement, now what????  Once you have written your purchase agreement and it's accepted, your lender goes to work...
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First Time Homebuyer Tips

When you decide to buy a home, there are several questions you want to ask yourself.  Here are some tips to help you through the process. Make sure you have...
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Appraisals

One of the most difficult pieces of the mortgage process right now is the appraisal.  On May 1st, new guidelines took affect with the Home Valuation Code of Conduct (HVCC). ...
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Townhome or Condo?

With our current market conditions in Minnesota there are some differences when financing condominiums and townhomes.  Condos require a minimum of 10-15% down right now in order to get mortgage...
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Insurance

When you buy a home, you are required to buy homeowners insurance and title insurance.  Homeowners insurance provides coverage in the event of damage to your property.  Title insurance protects...
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Should I buy a home?

For many years I taught first time homebuyers classes for Dakota County CDA.  The classes were part of the Homestretch Program through Minnesota Housing.  One of the first sections we...
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$8000 First Time Homebuyer Credit Update

I finally have an update on using the $8000 credit towards your down payment and closing costs on FHA loans.  HUD sent out a mortgagee letter May 29th that gives...
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Seller paid closing costs

It has become very common for buyers to ask the seller of the home they want to pay closing costs.   This allows the buyer to come to closing needing less...
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Sharon and John Hensrud

About Us

The HomesMSP Team is committed to meeting you where you are and listening… really listening to understand you so we can use our extensive knowledge of the market and local neighborhoods to give you personalized service.