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Derrick Monroe Group

Real Estate in the Western Minneapolis Suburbs

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  • Featured Cities
        • Western Suburbs
          • Annandale
          • Buffalo
          • Corcoran
          • Delano
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          • Hanover
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        • North/Northwest Suburbs
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Mortgage & Home Loans

Home Mortgage Lender Rockford MN

December 27, 2013 //  by Derrick Monroe

Like most businesses, the mortgage industry has its share of lenders & mortgage salespeople offering everything from “no closing costs” to “interest rates as low as____” so its no wonder we talk with so many people who just don’t know where to begin.  If you’re reading this page you’re most likely looking for a quality …

Category: Mortgage & Home Loans

Why FHA Loan Limits Matter

September 17, 2013 //  by Derrick Monroe

NAR has been telling lawmakers in Washington, DC how the FHA loan limits are helping with our economic recovery. Evidence shows that the increased FHA/GSE loan limits are providing a much needed infusion of stability, liquidity and security into the market.

Category: Mortgage & Home Loans

FHA Loan Limits In Minneapolis Minnesota

April 3, 2013 //  by Derrick Monroe

What are the FHA Loan Limits In Minneapolis Minnesota? Like most cities, Minneapolis has loan limits for FHA loans that vary from county to county and also depend on the style of property you’re looking for. “FHA loan limits in Minneapolis Minnesota for 2013” can be found right here. Minneapolis is located in Hennepin County …

Category: Mortgage & Home Loans

FHA Loan Requirements In Hennepin County

March 29, 2013 //  by Derrick Monroe

What are the FHA loan requirements in Hennepin County? Many home buyers today in Hennepin county are asking this question as FHA loans offer some very attractive terms. The FHA, or Federal Housing Administration, provides mortgage insurance on loans made by FHA-approved lenders. FHA insures these loans on single family and multi-family homes in the …

Category: Mortgage & Home Loans

Buy and Bail’ Homeowners Walk From Mortgage

October 14, 2010 //  by Derrick Monroe

With many people seeing and feeling the equity being squeezed out of their home a trend that is happening in the housing market today are homeowners strategically planning to default on their loans. The twist: They first want financing to buy another property. This new fad has been coined “buy and bail” in the real …

Category: Mortgage & Home Loans

Minnesota Zero Down Payment Loans

September 28, 2010 //  by Derrick Monroe

After the bubble burst one would have thought we would never see another zero down loan program but here we are with the new “Minnesota Affordable Advantage Program”. With all the bills we all have these days, credit cards, bills and the emergencies that come up to eat away at our savings who has the …

Category: Mortgage & Home Loans

Mortgage Interest Rates For June 22nd 2010

June 1, 2010 //  by Derrick Monroe

Mortgage Interest Rates For June 22nd 2010 30 Year Conforming – 4.75% 15 Year Conforming – 4.125% 30 Year Jumbo – 5.625% 5/1 Arm – 3.75% 7/1 Arm – 4% FHA 30 Year – 4.75% Interest rates change often, sometimes daily so for a more accurate mortgage rate contact us here and we will pass …

Category: Mortgage & Home Loans

FICO 08 Credit Scores

September 15, 2009 //  by Derrick Monroe

The new FICO credit scores labeled as FICO 08 should help those with small bumps fico 08 credit scoringon their credit record. Perhaps you have a late car payment or those unpaid parking tickets that are hiding in your glove box are giving you a problem and effecting your FICO credit score. Help is is …

Category: Mortgage & Home Loans

2009 Interest Rate Start

January 14, 2009 //  by Derrick Monroe

And were off… 2 weeks into 2009 and the rates could not be better. When the FED announced on December 16th they would start the process to buy up $500 billion in mortgage backed securities in 2009 the market reacted with an incredible market upswing. Already in January 2009 we have seen rates at 4.5% …

Category: Mortgage & Home Loans

Mortgage Bailout

October 17, 2008 //  by Derrick Monroe

The $700-billion financial industry bailout we have been hearing so much about became law Friday. While the new program could make a recession a little softer of a blow, and potentially even shorter, it will not stop the economic and housing downturns in their tracks, according to most economists. The economic package, which President George …

Category: Mortgage & Home Loans

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The Derrick Monroe Group
Broker – Lakes Area Realty
8010 Highway 55
Rockford, MN 55373
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Recent Blog Posts

Does Painting Increase Home Value? Why Our Real Estate Clients Benefit from FinalTone Painting

Why The Derrick Monroe Group Trusts FinalTone Painting for Our Real Estate Clients At The Derrick Monroe Group, we know that one …

How Can I Tell If My Home Is Overpriced

The real estate market is hot, can a home even be overpriced? Yes, it can, and here is how you can tell. You took the time to …

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