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Mortgage Loans in St. Louis Park, 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 St. Louis Park, MN

St. Louis Park is a city in Hennepin CountyMinnesota, United States. The population was 50,010 at the 2020 census. It is a first-ring suburb immediately west of Minneapolis. Other adjacent cities include EdinaGolden ValleyMinnetonkaPlymouth, and Hopkins.

The Pavek Museum of Broadcasting, which has a major collection of antique radio and television equipment, is also in the city. Items range from radios produced by local manufacturers to the Vitaphone system used to cut discs carrying audio for the first “talkie”, The Jazz Singer.

The Coen brothers set their 2009 film A Serious Man in St. Louis Park circa 1967. It was important to the Coens to find a neighborhood of original-looking suburban rambler homes as they would have appeared in St. Louis Park in the mid-1960s, and after careful scouting they opted to film scenes in a neighborhood of nearby Bloomington, as well as at St. Louis Park’s B’nai Emet Synagogue, which was later sold and converted into a school.

Source: https://en.wikipedia.org/wiki/St._Louis_Park,_Minnesota

History of St. Louis Park, MN

The 1860s village that became St. Louis Park was originally known as Elmwood, which today is a neighborhood inside the city. In August 1886, 31 people signed a petition asking county commissioners to incorporate the Village of St. Louis Park. The petition was officially registered on November 19, 1886.

The name “St. Louis Park” was derived from the Minneapolis and St. Louis Railway that ran through the area; the word “Park” was added to avoid confusion with St. Louis, Missouri.

In 1892, lumber baron Thomas Barlow Walker and a group of wealthy Minneapolis industrialists incorporated the Minneapolis Land and Investment Company to focus industrial development in Minneapolis. Walker’s company also began developing St. Louis Park for industrial, commercial and residential use.

In 1954, voters approved a home rule charter that gave an overwhelmed St. Louis Park the status of a city. That enabled the city to hire a city manager to assume some of the duties handled by the part-time city council. Several bridges built during that time are now being repaired or razed.

In those days, the primary concerns were the physical planning of St. Louis Park, updating zoning and construction codes, expanding sewer and water systems, paving streets, acquiring park land and building schools.

Source: https://en.wikipedia.org/wiki/St._Louis_Park,_Minnesota

Geography and Demographics in St. Louis Park, MN

According to the United States Census Bureau, the city has a total area of 10.86 square miles (28.13 km2), of which 10.64 square miles (27.56 km2) is land and 0.22 square miles (0.57 km2) is water.

Interstate 394U.S. Highway 169, and Minnesota State Highways 7 and 100 are four of the main routes in St. Louis Park.

As of the census of 2010, there were 45,250 people, 21,743 households, and 10,459 families residing in the city. The population density was 4,252.8 inhabitants per square mile (1,642.0/km2). There were 23,285 housing units at an average density of 2,188.4 per square mile (844.9/km2). The racial makeup of the city was 83.3% White, 7.5% African American, 0.5% Native American, 3.8% Asian, 0.1% Pacific Islander, 1.8% from other races, and 3.1% from two or more races. Hispanic or Latino of any race were 4.3% of the population.

The median age in the city was 35.4 years. 18.5% of residents were under the age of 18; 8.1% were between the ages of 18 and 24; 36.4% were from 25 to 44; 24% were from 45 to 64; and 13% were 65 years of age or older. The gender makeup of the city was 47.8% male and 52.2% female.

Source: https://en.wikipedia.org/wiki/St._Louis_Park,_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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