Getting pre-approved gives you a clear picture of your buying power and shows sellers that you’ll be able to secure financing to purchase their home.
Close on time and win in multiple offer scenarios with the Edina Realty Mortgage Guarantee!
See how home price, interest rates and down payment affect your monthly payment.
Our new XLR8 program for conventional mortgages streamlines and verifies your information in minutes!
Whether you are buying a new home or refinancing, our affiliated lender Edina Realty Mortgage provides the convenience of one-stop shopping and fast, efficient service. Purchase and refinance mortgage loan options include conventional, FHA, VA, renovation and jumbo financing, as well as down payment assistance programs.
Need help financing a new home or refinancing your current property? Find a mortgage expert in your area.
All first mortgage products are provided by Prosperity Home Mortgage, LLC. dba Edina Realty Mortgage. (877) 275-1762. Prosperity Home Mortgage, LLC products may not be available in all areas. Not all borrowers will qualify. Licensed by the NJ Department of Banking and Insurance. Licensed by the Delaware State Bank Commissioner. Also licensed in Alabama, Colorado, Connecticut, District of Columbia, Florida, Georgia, Illinois, Indiana, Kansas, Maryland, Michigan, Minnesota, Missouri, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia and Wisconsin. NMLS ID #75164 (NMLS Consumer Access at http://www.nmlsconsumeraccess.org) ©2022 Prosperity Home Mortgage, LLC.
MyAtlas at Edina Realty is a digital tracker for your homeowner experience. As the starting point for all your Edina Realty services, you can easily monitor your progress along key milestones to buying or refinancing your home, all while staying in close contact with your trusted team of advisors. To access MyAtlas, simply log in to your EdinaRealty.com account, and click on the MyAtlas Milestones in the dropdown menu. To learn more, visit the MyAtlas FAQ page or reach out to one of our mortgage consultants.
Do I need to put 20 percent down to qualify for a mortgage?
There are several loan options available that do not require 20 percent down. Depending on the loan type, you will probably pay private mortgage insurance (PMI) if you put less than 20 percent down. Learn more here or find a mortgage loan officer who can provide details options.
How much of my income should I spend on a mortgage payment?
Many experts recommend spending a maximum of 28 to 35 percent of your pre-tax income on your housing expenses. Other debt obligations like student loans and car payments are factored in when you apply for a loan, but you should also consider your personal expenses such as groceries and entertainment when determining how much you want to spend. Learn more about this topic, or get connected with a mortgage loan officer who can help you determine what you can afford.
What is a VA loan?
The U.S. Department of Veterans Affairs (VA) offers a unique home loan program that helps active and retired military veterans purchase a home. Features include: No down payment requirement, no monthly mortgage insurance premium, competitive interest rates and low closing costs. Learn more about VA loans here or find a professional mortgage loan officer who can help you get started.
If saving for a down payment or improving your credit score is a challenge, an FHA loan may be right for you. Here’s everything you need to know about the 2023 FHA loan limits in Minnesota.
Posted in: Buying a home, Getting a mortgage, First time homebuyer tipsIf you have credit score or down payment concerns, an FHA loan may be right for you. Keep reading to learn the details on the 2023 FHA loan limits in Wisconsin.
Posted in: Buying a home, Getting a mortgage, First time homebuyer tipsThinking about canceling your mortgage insurance? Get in touch with your loan servicer or real estate agent to discover if you’re eligible to get your insurance removed.
Posted in: Getting a mortgage, Homeowner tips, Buying a homeSerious homebuyers who are ready to make offers on homes can consider “locking in” their interest rate as a way to protect against an unexpected increase in rates.
Posted in: Buying a home, First time homebuyer tips, Getting a mortgageThe national outlook differs from our local housing market, which is showing strong signs for buyers and sellers alike.
Posted in: Buying a home, Selling a home, Getting a mortgage, Market insightsBy paying more upfront via mortgage discount points, today’s buyers can minimize the impact of rising interest rates and the amount they’ll pay over their loan term.
Posted in: Buying a home, First time homebuyer tips, Getting a mortgageThis market can be tricky to navigate, especially if you keep losing in multiple offers. Here’s how buyers can strengthen their offers and win their dream home.
Posted in: Buying a home, Getting a mortgage, First time homebuyer tipsWorried you won’t be able to find a home once you sell your existing residence? This home equity mortgage option allows you to buy first, and sell later.
Posted in: Getting a mortgage, Selling a home, Buying a homeUsing an FHA loan to purchase a house? Here are 2022 FHA loan limits for all counties in Minnesota.
Posted in: Buying a home, Getting a mortgage, First time homebuyer tipsUsing an FHA loan to purchase a house? Here are 2022 FHA loan limits for all counties in Wisconsin.
Posted in: Buying a home, Getting a mortgage, First time homebuyer tipsWhat is home equity, and why does it matter? As home prices rise, homeowners should know how to leverage their home value to better their financial standing.
Posted in: Getting a mortgage, Homeowner tipsMortgage forbearance granted by the CARES Act ends soon. Here are your options moving forward.
Posted in: Getting a mortgageOur Edina Realty lawyers provide insights on the legal issues that buyers are seeing in the current, crowded real estate market.
Posted in: Buying a home, Getting a mortgageConsidering buying a house using an FHA loan? FHA loans limits are set based on county housing values. Here are 2021 FHA loan limits for all counties in Wisconsin.
Posted in: Buying a home, Getting a mortgage, First time homebuyer tipsConsidering buying a house using an FHA loan? FHA loans limits are set based on county housing values. Here are 2021 FHA loan limits for all Minnesota counties.
Posted in: Buying a home, Getting a mortgage, First time homebuyer tipsFor sale: Properties which are available for showings and purchase
Active contingent: Properties which are available for showing but are under contract with another buyer
Pending: Properties which are under contract with a buyer and are no longer available for showings
Sold: Properties on which the sale has closed.
Coming soon: Properties which will be on the market soon and are not available for showings.
Contingent and Pending statuses may not be available for all listings