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FHA Loans in Minnesota

About This State and its People, Places, and Industries

Minnesota is a U.S. state located in the Midwestern United States. The twelfth largest state of the U.S., it is the twenty-first most populous, with 5.27 million residents. Minnesota was carved out of the eastern half of the Minnesota Territory and admitted to the Union as the thirty-second state on May 11, 1858. Known as the "Land of 10,000 Lakes", the state's name comes from a Dakota word for "sky-tinted water". Those waters, together with forests, parks, and wilderness areas, offer residents and tourists a variety of outdoor recreational opportunities.

Nearly sixty percent of Minnesota's residents live in the Minneapolis-Saint Paul metropolitan area known as the "Twin Cities", the center of transportation, business and industry, education and home to an internationally known arts community. The remainder of the state consists of western prairies now given over to intensive agriculture; deciduous forests in the southeast, now cleared, farmed and settled; and the less populated North Woods, used for mining, forestry, and recreation. The large majority of residents are of German or Nordic descent, but ethnic diversity has increased in recent decades. Substantial influxes of African, Asian, and Latin American immigrants have joined the descendants of European immigrants and the original Native American inhabitants.

The state is known for its moderate to progressive politics and social policies, civic involvement, and high voter turnout. Minnesota ranks among the healthiest states, and has a highly literate population.

From fewer than 6,100 people in 1850, Minnesota's population grew to over 1.7 million by 1900. Each of the next six decades saw a 15% increase in population, reaching 3.4 million in 1960. Growth then slowed, rising 11% to 3.8 million in 1970, and an average of 9% over the next three decades to 4.9 million in the 2000 Census. As of July 1, 2008, the state's population was estimated at 5,220,393 by the U.S. Census Bureau. The rate of population change along with age and gender distributions approximate the national average. Minnesota's growing minority groups, however, still form a significantly smaller percentage of the population than in the nation as a whole. The center of population of Minnesota is located in Hennepin County, in the city of Rogers.

Race and ancestry

The principal ancestries of Minnesota's residents in 2010 has been surveyed to be the following:

• 37.9% German
• 32.1% Scandinavian (16.8% Norwegian, 9.5% Swedish, Finnish, Danish, and Icelandic).
• 11.7% Irish
• 6.3% English
• 5.1% Polish
• 4.2% French.

Ancestries claimed by less than 3% of the population include American, Italian, Dutch, and Czech, each between 2 and 3%; Danish, Sub-Saharan African and East African, Scottish, French Canadian, Scotch-Irish and Mexican, each between 1 and 1.9%; and less than 1% each for Russian, Welsh, Bosnian, Swiss, Arab, Hungarian, Ukrainian, Greek, Slovak, Lithuanian, Portuguese, and West Indian.[46]

The French Renaissance style Cathedral of St. Paul in the city of St. Paul

The state's racial composition in the 2008 American Community Survey was:[47]

• White: 88.0%
• African American: 4.4%
• American Indian and Alaska Native: 1.0%
• Asian: 3.5%
• Pacific Islander: <0.1%
• Other races: 1.4%
• Multiracial: 1.8%
• Hispanic or Latino (of any race): 4.0%

Once primarily a producer of raw materials, Minnesota's economy has transformed in the last 200 years to emphasize finished products and services. Perhaps the most significant characteristic of the economy is its diversity; the relative outputs of its business sectors closely match the United States as a whole. The economy of Minnesota had a gross domestic product of $262 billion in 2008. Thirty-three of the United States' top 1,000 publicly traded companies (by revenue in 2008) are headquartered in Minnesota, including Target, UnitedHealth Group, 3M, Medtronic, General Mills, U.S. Bancorp, Ameriprise, Hormel, Land O' Lakes, SuperValu, Best Buy and Valspar. Private companies based in Minnesota include Cargill, the largest privately owned company in the United States, and Carlson Companies, the parent company of Radisson Hotels.

The per capita personal income in 2008 was $42,772, the tenth-highest in the nation. The three-year median household income from 2002 to 2004 was $55,914, ranking fifth in the U.S. and first among the 36 states not on the Atlantic coast. White families earned more income than the national average but among the population under age 18, more than 20% of Asians and Hispanics, more than 40% of African Americans and more than 40% of Native American females in Minnesota lived in poverty. As of January 2010, the state’s unemployment rate is 7.3%.
Minnesota has professional men's teams in all major sports. Mall of America Field at the Hubert H. Humphrey Metrodome is home to the Minnesota Vikings of the National Football League. The building formerly hosted The Minnesota Twins of Major League Baseball, winners of the 1987 and 1991 World Series. The Twins now play in the new outdoor Target Field. The Minnesota Timberwolves of the National Basketball Association play in the Target Center. The National Hockey League's Minnesota Wild team reached 300 consecutive sold-out games in St. Paul's Xcel Energy Center on January 16, 2008. The NSC Minnesota Stars replaced the United Soccer League Minnesota Thunder in 2010 and plays at the National Sports Center in Blaine.

Minor league baseball is represented both by major league-sponsored teams and independent teams such as the popular St. Paul Saints.

Professional women's sports include the Minnesota Lynx of the Women's National Basketball Association, the Minnesota Lightning of the United Soccer Leagues W-League, the Minnesota Vixen of the Independent Women's Football League, and the Minnesota Whitecaps of the National Women's Hockey League.

The Twin Cities campus of the University of Minnesota is a National Collegiate Athletic Association (NCAA) Division I school, with the university's sports teams competing in either the Big Ten Conference or the Western Collegiate Hockey Association. Four additional schools in the state compete in NCAA Division I ice hockey: the University of Minnesota Duluth, Minnesota State University, Mankato, St. Cloud State University, and Bemidji State University. There are nine NCAA Division II colleges in the Northern Sun Intercollegiate Conference, and nineteen NCAA Division III colleges in the Minnesota Intercollegiate Athletic Conference and Upper Midwest Athletic Conference.

Winter Olympic Games medalists from the state include eleven of the twenty members of the gold medal 1980 ice hockey team (coached by Minnesota native Herb Brooks) and the bronze medalist U.S. men's curling team in the 2006 Winter Olympics. Swimmer Tom Malchow won an Olympic gold medal in the 2000 Summer games and a silver medal in 1996.

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