The Best Mortgage Lenders in Burnsville, MN
Compare verified mortgage lenders serving Burnsville, Minnesota. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Burnsville
Featured Mortgage Lenders
Ryan Kelly
CrossCountry Mortgage, LLC
Ryan Kelly's CrossCountry Mortgage office in Burnsville is highly rated for exceptional local service and expertise in the Twin Cities market. With two decades of experience, this branch specializes in helping Burnsville residents with competitive rates and personalized guidance through the entire mortgage process. They are known for their responsive communication and ability to close loans efficiently while serving first-time homebuyers, move-up buyers, and refinance clients throughout the south metro area.
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Mike Ruzek
Bell Bank Mortgage
Bell Bank Mortgage has a strong Burnsville presence with Mike Ruzek's team providing exceptional mortgage services to the local community. As a Minnesota-based financial institution with deep roots in the Twin Cities, they offer competitive rates and personalized service. Their local underwriting and decision-making process allows for faster closings, and they're particularly noted for their construction lending expertise and first-time homebuyer programs tailored to the Burnsville market.
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Chris Kukowski
Fairway Independent Mortgage Corporation
Chris Kukowski's Fairway Independent Mortgage office in Burnsville consistently receives outstanding reviews for their dedicated local service and mortgage expertise. With deep knowledge of the Burnsville and south metro housing market, they provide tailored solutions for home purchases and refinances. The team is praised for their transparency, competitive rates, and going above-and-beyond to ensure smooth closings. Their strong relationships with local real estate professionals benefit Burnsville homebuyers throughout the transaction process.
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Frequently Asked Questions
Common questions about mortgage lending in Burnsville, MN
What are the current average mortgage rates for homebuyers in Burnsville, MN?
Mortgage rates in Burnsville typically align with national averages but can vary slightly based on local lender competition. As of recent trends, 30-year fixed rates in the Twin Cities metro area have been ranging between 6.5-7%, though Burnsville buyers should get personalized quotes from local credit unions and lenders who understand the specific South Metro market dynamics and can offer competitive terms.
Are there any first-time homebuyer programs specifically available in Burnsville?
Yes, Burnsville homebuyers can access Minnesota Housing's first-time homebuyer programs, which offer competitive interest rates, down payment assistance, and closing cost help. Additionally, Dakota County offers specific programs for income-qualified buyers, and local Burnsville lenders often have special first-time buyer products tailored to the area's housing market.
How does Burnsville's property tax structure affect my mortgage payments?
Burnsville's property tax rate is approximately 1.1-1.3% of assessed value, which is typical for Dakota County. When calculating your total monthly mortgage payment, you'll need to factor in these property taxes along with homeowners insurance, as lenders will include both in your escrow account. The specific rate varies by neighborhood and property characteristics within Burnsville.
What special considerations should I know about getting a mortgage for Burnsville's older housing stock?
Many Burnsville homes built in the 1960s-1980s may require special attention during the mortgage process. Lenders will typically require thorough inspections for older homes, particularly checking for foundation issues, outdated electrical systems, or aging roofs. You might consider an FHA 203(k) renovation loan if the home needs significant updates, which is common in Burnsville's established neighborhoods.
Are there any local down payment assistance programs unique to Burnsville homebuyers?
While Burnsville doesn't have city-specific down payment programs, Dakota County offers the "Home Stretch" down payment assistance program available to Burnsville residents. Additionally, many local employers in the Twin Cities south metro corridor, including those in healthcare and education, offer employer-assisted housing programs that Burnsville homebuyers should explore when seeking mortgage financing.
Why Choose a Mortgage Lender in Burnsville?
Local Market Knowledge
Lenders who understand Burnsville's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Minnesota.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Burnsville and get competitive rates on your home loan.