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Mortgage Loans in Coon Rapids, MN

No matter what your situation is, there is a home financing solution for you. We are ready to guide you through your options and get you the best mortgage possible for your unique scenario!

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Mortgage Home Loan

How the process works

1

Documentation

There are a few critical documents we will need to verify to start your process.  Learn More
2

Appraisal

The appraisal insures the home you are buying is worth the price that is being offered. Learn More
3

Initial Underwriting

The Underwriter will verify that all information is accurate and authentic. Learn More
4

Conditional Approval

Conditional Approval is granted when the Underwriter approves the loan under certain conditions. Learn More
5

Clear To Close

The Underwriter verifies that all documentation has been provided and all conditions have been met. Learn More
6

Closing

Signing the final documentation and receiving the keys to your new home! Learn More

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All about Coon Rapids, MN

Coon Rapids is a northern suburb of Minneapolis, and is the largest city in Anoka CountyMinnesota, United States. The population was 63,599 at the 2020 census, making it the fifteenth largest city in Minnesota and the seventh largest Twin Cities suburb.

Source: https://en.wikipedia.org/wiki/Coon_Rapids,_Minnesota

History of Coon Rapids, MN

In 1835, the Red River Ox Cart Trail was laid to establish military and trade connections between Minneapolis and Anoka. The first industries of Coon Rapids sprung up around the road, including the prominent Anoka Pressed Brick and Terra Cotta Company, founded by Dr. D.C. Dunham in 1881. The clay excavation site – known locally as the “Clay Hole” – is one of the lasting reminders of Coon Rapids’ industrial history. Today, the vital Red River Ox Cart Trail is known as Coon Rapids Boulevard and remains an important commercial corridor for the city.

In 1912, construction began on the Coon Rapids Dam and the influx of laborers and engineers increased the city’s population to over 1,000 for the first time. Completed in 1914, the dam functioned as a regional power source for the Northern States Power Company until it was sold to the Hennepin County Park Board in 1969 and incorporated into the Coon Rapids Dam Regional Park.

When the dam was built, Anoka Township renamed itself Coon Creek Rapids, later shortened to Coon Rapids. In 1959, the Village of Coon Rapids voted to incorporate as a city and the City of Coon Rapids was born. The city’s population increased from 14,000 in 1959 to more than 63,385 in 2021, making it the 15th largest city in Minnesota.

Source: https://en.wikipedia.org/wiki/Coon_Rapids,_Minnesota

Geography and Demographics in Coon Rapids, MN

According to the United States Census Bureau, the city has a total area of 23.34 square miles (60.45 km2), of which 22.61 square miles (58.56 km2) is land and 0.73 square miles (1.89 km2) is water. Recreational lakes in the city include Cenaiko Lake and Crooked Lake, two-thirds of which is in Coon Rapids. The other third is in the city of Andover, immediately to the north.

As of the census of 2010, there were 61,476 people, 23,532 households, and 16,323 families living in the city. The population density was 2,719.0 inhabitants per square mile (1,049.8/km2). There were 24,462 housing units at an average density of 1,081.9 per square mile (417.7/km2). The racial makeup of the city was 86.0% White, 5.5% African American, 0.7% Native American, 3.5% Asian, 1.2% from other races, and 3.1% from two or more races. Hispanic or Latino of any race were 3.2% of the population.

There were 23,532 households, of which 34.3% had children under the age of 18 living with them, 51.4% were married couples living together, 13.0% had a female householder with no husband present, 4.9% had a male householder with no wife present, and 30.6% were non-families. 23.8% of all households were made up of individuals, and 7.8% had someone living alone who was 65 years of age or older. The average household size was 2.60 and the average family size was 3.08.

Source: https://en.wikipedia.org/wiki/Coon_Rapids,_Minnesota

First Class Mortgage

Maple Grove, Minnesota  //  NMLS #322842

First-class service. First-class knowledge. A first-class experience. We are staffed and operated by people who understand that each customer is special and individual attention is necessary to satisfy each unique financial situation. That’s why at First Class Mortgage, we have simplified the mortgage process.

Locally owned. Connected nationwide.

We are licensed in MN, SD, WI, and FL.

mgsales@firstclasscorp.com(763) 416-6789Meet Our Team

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