Crow Wing County, Minnesota
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1 Platform, 6 Refinance Alerts
01
Alert for Lower Rates
02
Alert for Cash Out
03
Alert for Shorter Term
04
Alert for Eliminating PMI
05
Alert for Product Changes
06
Alert for Changes in Home Value
Crow Wing Real Estate Market Update
The real estate market in Crow Wing County, Minnesota, is experiencing a notable increase in home values. As of October 2024, the median listing home price was approximately $429,900, reflecting a 7.9% increase from the previous year. The median home sold price was $350,000, with a median price per square foot of $197.
Crow Wing County includes several prominent cities, each contributing to the area's appeal. Brainerd, the largest city, has a population of about 13,500, while Baxter, known for its suburban feel, has around 8,300 residents. Pequot Lakes and Nisswa are smaller but popular for their scenic beauty and recreational opportunities, with populations of approximately 2,300 and 2,000, respectively.
Living in Crow Wing County offers a mix of rural and suburban lifestyles, with a strong emphasis on outdoor activities and agriculture. The county is known for its lakes and forests, making it a popular destination for those seeking a quieter, nature-oriented lifestyle. Key industries include tourism, healthcare, and retail, attracting people who are looking for a balance between work and leisure. The area has seen migration from urban centers as people seek more space and a closer connection to nature.
2025 Mortgage Loan Limits:
Crow Wing County, Minnesota
1 Unit
$806,500
Conforming Loans
$524,225
FHA Loans
2 Unit
$1,032,650
Conforming Loans
$671,200
FHA Loans
3 Unit
$1,248,150
Conforming Loans
$811,275
FHA Loans
4 Unit
$1,551,250
Conforming Loans
$1,008,300
FHA Loans
Questions About Refinancing in
Crow Wing County
What is mortgage refinancing?
Refinancing is the process of replacing your current mortgage with a new one, often to secure a lower interest rate or change the loan terms.When should I consider refinancing?
Consider refinancing when interest rates drop, your credit score improves, or you want to switch from an adjustable-rate to a fixed-rate mortgage.How much does it cost to refinance?
Refinancing costs typically range from 2% to 5% of the loan amount, including closing fees, appraisal, and title fees.How long does the refinancing process take?
The refinancing process usually takes between 30 to 45 days, but this can vary based on lender efficiency and document preparation.What are the benefits of refinancing?
Refinancing can lower your monthly payments, reduce interest rates, shorten loan terms, or allow you to tap into home equity.What is cash-out refinancing?
Cash-out refinancing allows you to take out a new loan for more than your current mortgage balance and receive the difference in cash.Will refinancing hurt my credit?
Refinancing may cause a temporary dip in your credit score due to the hard inquiry, but the impact is usually minor and short-term.Can I refinance with bad credit?
It may be harder to qualify, but some lenders offer refinancing options for people with lower credit scores, though they often come with higher interest rates.How much equity do I need to refinance?
Most lenders require you to have at least 20% equity in your home to qualify for refinancing, though some programs may allow for lower equity percentages.Is it possible to refinance a rental property?
Yes, you can refinance an investment or rental property, though the terms and interest rates may be different compared to refinancing a primary residence.
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