Best Real Estate Blog

Buying homes in St. Paul MN

Buying homes in St. Paul, MN

There are many reasons for buying homes in St. Paul, MN. Paul is Minnesota’s capital city, home to Minnesota’s most popular cultural attractions and entertainment venues. The town is filled with gardens, parks, historic buildings, and cobbled streets. The old-world charm blends appropriately with an array of modern amenities for visitors and business travelers. Located in Ramsey County, Saint Paul is also known as “The Last City of the East” because early developers laid it out in an East Coast style, with the city squares and broad boulevards and buildings with elaborate ornamentation.  

Historic St. Paul Neighborhood Districts

There are five designated historic districts where you can consider Buying homes in St. Paul, MN: Dayton’s Bluff, Historic Hill District, Irvine Park, Lowertown, Summit Avenue West, and in University-Raymond Commercial District. The city’s website at has more detailed information and boundary maps. 

Reasons to buy a home in St. Paul, Minnesota. 

Many people prefer to live there because it feels more like a small town than a big city. A lot of people look at buying homes in St. Paul Downtown. Here are some excellent reasons for buying homes in St. Paul, MN. The compact streets are more wholly residential than the streets of Minneapolis. There are restaurants, grocery stores, bookstores, and historical and cultural sites easily accessible by foot or bus from most neighborhoods. In general, housing on the east side tends to be cheaper than on the west side. Rents average $100 less per month than Minneapolis, and houses typically are proportionally more miniature. Buying homes in St. Paul, MN, can be confusing because it comprises several different neighborhoods, 17 to be exact (here called districts), assisted by district councils that work with the city...

Good Neighbor Next Door Program

The Good Neighbor Next Door Program

Minnesota Hud Homes 

Certain professions can purchase Hud homes, Foreclosures, and the at a 50% discount for only $1,000 down before they are offered to the general public.  

The Good Neighbor Next Door Program

The Good Neighbor Next Door Program is a random lottery process. The buyer can’t increase or decrease her bid; everyone will have the same chance. You would be entering their name in the lottery on the HUD website. Full-time teachers, law enforcement, firefighters, and EMTs who work in the area where the home is located can receive a 50% discount at closing. To qualify for The Good Neighbor Next Door Program, participants can’t have owned a home in home in the last 12 months. These homes are located in revitalization areas, and those areas have a higher than average FHA foreclosure rate and a higher than average renter to homeowner ratio.

No Real Estate Commissions

It HUD doesn’t pay commission, but they allow buyers with FHA financing to add up to 5% of the pre-discounted price into their mortgage for the commission. HUD also doesn’t pay any of the buyer’s closing costs in the Good Next Next Door Program. The FHA buyer doesn’t have to pay for an additional appraisal unless they get an FHA 203K Renovation Loan. If they use FHA financing, they can add all their lender fees and escrows to their mortgage. For FHA buyers using The Good Neighbor Next Door program, the down payment is reduced to only $1,000. The earnest money is different than other HUD homes. It’s...