Edina, MN
Edina — the Twin Cities' most prestigious address
Edina is widely regarded as one of the most desirable communities in all of Minnesota. Located just southwest of Minneapolis in Hennepin County, this city of 53,000+ residents combines top-ranked schools, beautifully maintained neighborhoods, premier shopping along 50th and France, and a housing market that has historically delivered strong long-term appreciation.
According to Redfin data, the median sale price in Edina reached approximately $788,000 in early 2026 — up significantly year over year. With a median household income of $128,767 and a homeownership rate of 72.4%, Edina attracts executives, healthcare professionals, business owners, and families who have built wealth and want to put it into a community that delivers on every level.
I'm Luke Wolf, a licensed mortgage loan officer serving all of Minnesota. Buying in Edina often requires jumbo financing, specialized loan structuring, and a lender who responds fast in a competitive market. I offer all of that — with the personal service and clear communication that makes a high-stakes transaction feel manageable.
Loan Programs
What loan programs are available for Edina buyers?
Edina's premium price points require mortgage expertise that goes beyond the basics. Here are the programs I offer — and what makes each one the right fit for different Edina buyers.
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Jumbo Loans
In 2026, the Hennepin County conforming loan limit is $832,750. Many Edina homes require financing above this threshold — that's a jumbo loan. I offer competitive jumbo rates with streamlined underwriting for qualified buyers purchasing in Edina's premium price range.
Above $806,500 · Strong Credit
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Conventional Loans
For homes within the conforming limit, conventional loans offer competitive rates, flexible terms, and lower overall costs than FHA. As little as 3% down for qualified buyers. PMI cancels automatically at 20% equity — keeping long-term costs in check.
3% Down · Flexible Terms
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VA Loans
Edina is home to many veterans and military professionals. VA loans offer zero down payment, no monthly mortgage insurance, and highly competitive rates — with no upper loan limit for qualified borrowers. A significant benefit that shouldn't go unused.
0% Down · No PMI · No Limit
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FHA Loans
For buyers entering Edina's market at more accessible price points — condos, townhomes, and entry-level single-family homes — FHA financing provides flexible credit requirements and a low minimum down payment to get into this sought-after community.
3.5% Down · Flexible Credit
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Bank Statement Loans
Edina has a high concentration of business owners, executives, and self-employed professionals whose tax returns don't reflect their true income. Bank statement loans qualify you using 12-24 months of deposits instead of W-2s — the right tool for complex income situations.
Self-Employed · Business Owners
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DSCR Investment Loans
For investors acquiring rental properties in Edina or the broader Twin Cities metro. Qualify based on the property's rental income potential — not your personal income. No W-2 or tax return required. Ideal for portfolio building in a high-value market.
Investors · Income-Based Qual
💡 Edina Jumbo Loan Guide
Do you need a jumbo loan for your Edina home?
In 2026, the Hennepin County conforming loan limit is $832,750. Any purchase above that requires jumbo financing. With Edina's median sale price around $788,000 and many homes well above $1M, understanding jumbo loan requirements is essential before you start shopping.
✓Typically requires 680+ credit score — 720+ for best rates
✓Down payment typically 10-20% depending on loan size
✓Strong income documentation and reserves required
✓Competitive rates — often very close to conforming rates
Check My Jumbo Eligibility →
Why Edina
What makes Edina one of Minnesota's most sought-after communities?
Buyers who purchase in Edina rarely leave. Here's what drives consistent demand in this Hennepin County community year after year.
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Edina Public Schools — Consistently Top-Ranked
The Edina School District is one of the most highly regarded in all of Minnesota, with strong academic outcomes, extensive extracurricular programs, and a graduation rate consistently above the state average. For families, Edina's schools alone often justify the premium price point.
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50th & France — World-Class Walkability
Edina's 50th and France district is one of the Twin Cities' premier shopping and dining destinations — boutiques, restaurants, coffee shops, and services walkable from some of the city's best neighborhoods. It's what sets Edina apart from every other suburb in the metro.
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Consistent Long-Term Appreciation
According to city-data, median home values in Edina have grown from $222,600 in 2000 to over $651,000 today — nearly tripling in value over 24 years. For buyers thinking long-term, Edina has been one of the most reliably appreciating markets in the entire state.
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Parks, Lakes & Community Character
From Centennial Lakes Park to Braemar Golf Course, Edina offers exceptional recreational amenities. The city's tree-lined streets, well-maintained parks, and strong neighborhood associations create a community character that buyers recognize the moment they drive through it.
Edina Neighborhoods
Where are buyers buying in Edina, MN?
Edina's neighborhoods vary significantly in character, price, and lifestyle. Here's a snapshot of the most active areas and typical price ranges to help orient your search.
Country Club District
$900K – $3M+
Prestige · Historic Estates
Indian Hills
$700K – $1.5M
Large Lots · Privacy · Top Schools
Morningside
$550K – $900K
Historic · Walkable · Character
50th & France Area
$600K – $1.2M
Walkable · Restaurants · Urban
Lake Cornelia Area
$450K – $750K
Lake Views · Parks · Families
South Harriet
$400K – $650K
Entry Edina · Hwy Access · Value
The Process
How buying a home in Edina actually works
Edina's market moves quickly on desirable properties. Given that many homes require jumbo financing, preparation before you start touring is even more important here than in most Twin Cities suburbs.
1
Get Pre-Approved — Including Jumbo If Needed
In Edina's market, sellers expect to see a strong pre-approval before they take any offer seriously. I'll walk through your full financial picture — income, assets, credit, down payment — and tell you exactly what you qualify for, whether that's a conforming or jumbo loan. Takes about 20-30 minutes and sets you up to move fast.
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Find Your Home
Work with a local Edina realtor who understands the nuances between neighborhoods and has relationships with listing agents. Already have an agent? Perfect. Need a recommendation? I work closely with strong agents throughout Hennepin County and I'm happy to make an introduction.
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Make a Competitive Offer
Your pre-approval letter — especially one showing jumbo capability — carries real weight in Edina. I'll help you structure the financing terms in your offer so it's as clean and compelling as possible. In competitive situations this can make the difference.
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Underwriting & Appraisal
Jumbo loans require additional appraisal review in some cases. I'll keep you updated every step of the way — proactively, not just when something needs your attention. You'll always know exactly where your loan stands without having to chase me for an update.
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Close & Move In
Average closing time is 30-45 days, with jumbo loans sometimes running slightly longer depending on appraisal complexity. I'll call you the night before closing to walk through exactly what to expect — so you arrive at the table with total confidence and zero surprises.