Home : Blogs : Twin Cities Minnesota Real Estate - Marzena Melby : Twin Cities Homes for Sale

Think you can’t afford to live in Edina? Think again…

Thanks to the Edina Housing Foundation (EHF), you can purchase a home with just $1,000 cash out of pocket. This program was designed as an incentive for young lower income families to move into the city after the 2000 census identified that over 25% of Edina homeowners are over 65 years of age.

This is a second mortgage program that works in conjunction with the first mortgage. You may borrow up to $60,000. The loan officer will determine the maximum amount you can qualify for. There are income and asset restrictions. For example, a single individual's maximum income should be $55,000, or less; a family of 2-4 should have a total household income of $63,000, or less.

So, what's available in Edina for under $325,000?

35 single family homes, 2 under $200,000

6 townhomes, 1 under $200,000

145 condos, 116 under $200,000

6 twin homes, 0 under $200,000

For further details, contant Marzena M. Melby at 612-267-6798 by phone or marzena@marzenamelby.com by email.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Contact Marzena M. Melby, Broker/Partner, Counselor Realty, Inc., Licensed REALTOR® in the state of Minnesota at 612-267-6798 to list your property for sale or to purchase a property in the Twin Cities Greater Metro Area.

Visit my profile to find out more about my services. Call me today at 612-267-6798. If you prefer, contact me by email, by clicking on "email me" link of this page under my profile.

Visit my website to search homes for sale in the Twin Cities and surrounding areas.

Disclaimer: The information provided herein is supplied by several sources and is subject to change without notice. Twin Cities Homes 4 Sale Blog does not guarantee, or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on Twin Cities Homes 4 Sale Blog represent the opinions and ideas of the author. Twin Cities Homes 4 Sale Blog does not express the views of Counselor Realty, Inc. or its other partners or agents.

Posted by Twin Cities Minnesota Real Estate - Marzena Melby on 03/18/2008 03:19 PM

Comments (6)

edina, twin cities homes for sale, edina homes for sale, financing, edina housing foundation

This post has been included in Minnesota Information Hennepin County, MN Information Edina, MN Information

6 Comments on Think you can’t afford to live in Edina? Think again…

Marzena--What a great program to make homebuying affordable in Edina!

03/18/2008 07:41 PM

by Teri Eckholm, Realtor® Anoka County MN (Keller Williams Premier Realty)

Hi Teri - Yes, it is. This program should enable a significant group of buyers to purchase in Edina.

So nice to hear from you.

03/18/2008 09:09 PM

by Twin Cities Minnesota Real Estate - Marzena Melby (Counselor Realty, Inc.)

Good for you...educating first-time buyers about programs and price-ranges is so important!

03/20/2008 08:08 AM

by Lake Norman Real Estate ~ Diane Aurit (RE/MAX at the Lake)

Thanks, Diane. I'm glad you stopped by.

03/20/2008 02:48 PM

by Twin Cities Minnesota Real Estate - Marzena Melby (Counselor Realty, Inc.)

That's a very catchy title, and it looks like a great opportunity for first time buyers. I wish I could say the same for my market!

03/20/2008 07:11 PM

by Georgina M. Hunter R(S) e-Pro Maui Real Estate Sales (Jim Sanders Realty Inc. - Maui)

Thanks, Georgina. I hear that prices in your area are quite high. Is that your "special assessment" for sunshine?

Thanks for visiting.

03/20/2008 11:49 PM

by Twin Cities Minnesota Real Estate - Marzena Melby (Counselor Realty, Inc.)

Leave a response…

Name:

Notify me of new comments:

Comment:

What does the graphic say?