Frequently Asked Questions
What do I need to bring to my first meeting with a mortgage lender in Minnesota?
Nothing but your brilliant self and a few ideas:
Your income (a ballpark is fine)
Where you would love to live in Minnesota
When you want to buy or move
No paperwork scavenger hunt required. We will keep it stress-free and fun.
How much money do I need for a down payment on a home in Minnesota?
Not as much as you think! Some mortgage programs start at 3% down, and there are even zero-down options for qualified buyers. We will explore what works best for your budget and goals.
What is the difference between pre-qualification and pre-approval for a Minnesota mortgage?
Pre-qualification is a quick vibe check based on what you tell us.
Pre-approval is the real deal where we peek at your docs and give you a strong position when house hunting in Minnesota. Think of it as moving from “maybe” to “heck yes!”
Do I need perfect credit to buy a home in Minnesota?
Nope! Life happens. There are mortgage programs for folks with less-than-perfect credit. We will review your situation and find the best fit. No judgment, just solutions.
How can I start building or improving my credit before buying a home in Minnesota?
Great question! A few easy wins:
Pay bills on time (set reminders or autopay)
Keep credit card balances low
Avoid opening a bunch of new accounts right before applying
Check your credit report for errors
We will talk through your credit goals and make a plan that feels doable. If you want to start with a deep dive into your credit first, book a time here: Tina’s Calendar
How do I budget for buying a home in Minnesota?
Start by looking at your monthly income and expenses. A good rule of thumb is to keep your housing costs (mortgage, taxes, insurance) around 28 to 30% of your income. We will help you figure out what is comfortable for your goals.
Are there first-time homebuyer programs in Minnesota?
Yes! Minnesota Housing offers down payment assistance and affordable loan options. Plus, there are local programs that can help you stretch your budget further when buying a home in the Twin Cities or greater Minnesota.
What is the average closing timeline for homes in Minnesota?
Most closings take about 30 to 45 days, but we will keep you updated every step of the way so you are never left wondering.
Do I need to have a house picked out before meeting with a mortgage lender in Minnesota?
Nope! Getting pre-approved first makes shopping easier and way less stressful. It is like having your coffee before a big meeting. Essential.
What happens after I get pre-approved for a Minnesota mortgage?
You and I will team up with your real estate agent to form the perfect dream team to find your dream home, make an offer, and then we will guide you through the loan process like your personal GPS.
I am a freelancer or self-employed. Can I still buy a home in Minnesota?
Yes, yes, YES! We love our creative hustlers. You will need two years of tax returns and proof of consistent income. We will help you navigate the paperwork so you can focus on your craft.
Are there LGBTQIA2S+ resources for homebuyers in Minnesota?
Absolutely. Here is the best part: I am part of the queer community myself, and I work with lots of LGBTQIA2S+ folks every day. I have built strong connections with inclusive real estate agents, local organizations, and affirming resources!
If you need recommendations for LGBTQ affirming agents, or local businesses that share your values, I have you covered. This is not just about buying a house. It is about finding a home where you feel completely yourself.