The Best Mortgage Lenders in Cedar, MN
Compare verified mortgage lenders serving Cedar, Minnesota. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Cedar
Featured Mortgage Lenders
Pine City Credit Union Mortgage Team
Pine City Credit Union
Pine City Credit Union stands out as a top-rated mortgage lender serving the Cedar, Minnesota area with exceptional customer satisfaction ratings. As a community-focused financial institution with deep roots in East Central Minnesota, they offer personalized mortgage services with competitive rates and local underwriting decisions. Their mortgage team provides comprehensive guidance through the entire home buying process, specializing in first-time homebuyer programs and offering flexible loan options. With over 65 years serving the region, they have built a strong reputation for transparent pricing, educational resources, and dedicated local service that makes them a preferred choice for Cedar area residents.
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Bell Bank Mortgage
Bell Bank Mortgage
Bell Bank Mortgage consistently ranks among Minnesota's top mortgage lenders with exceptional customer reviews and competitive rates. While based in the Twin Cities metro area, they actively serve clients throughout Minnesota including the Cedar community. Their "Pay It Forward" philosophy extends to mortgage services, where they focus on building lasting relationships rather than just processing transactions. Bell Bank offers a wide range of loan products with local processing and underwriting, ensuring smooth closings and personalized service. Their experienced loan officers provide comprehensive financial guidance and are known for exceptional communication throughout the mortgage process.
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CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage has established a strong presence in Minnesota with multiple branch locations serving communities like Cedar through their experienced local loan officers. They offer an extensive portfolio of mortgage products with competitive pricing and flexible qualification criteria. The company is particularly noted for their expertise in government-backed loans and first-time homebuyer programs, making homeownership accessible to diverse borrowers. Their local team provides personalized service with digital convenience, offering streamlined online applications while maintaining the personal touch of local decision-making. With nationwide resources and local expertise, they deliver comprehensive mortgage solutions tailored to Cedar area homebuyers' needs.
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Frequently Asked Questions
Common questions about mortgage lending in Cedar, MN
What are the current mortgage rates like in Cedar, MN?
Mortgage rates in Cedar typically align with national averages but can be slightly influenced by local market conditions and lender competition in the Minneapolis-St. Paul metro area. As of recent trends, you can expect rates to range from the mid-6% to low-7% for 30-year fixed loans, but it's best to check with local lenders like Affinity Plus Credit Union or Bremer Bank for the most current offers.
Are there any first-time homebuyer programs specific to Cedar, MN?
Yes, Cedar homebuyers can access Minnesota Housing's First-Time Homebuyer Program, which offers competitive interest rates, down payment assistance, and closing cost help. Additionally, some local lenders may offer special programs for Cedar residents, particularly those purchasing in Anoka County, so it's worth consulting with a mortgage advisor familiar with the area.
How does Cedar's rural location affect mortgage lending options?
Cedar's semi-rural setting in Anoka County may qualify some properties for USDA Rural Development loans, which offer 100% financing with no down payment required. However, not all areas of Cedar qualify, so you'll need to check specific property eligibility with lenders who are experienced with USDA loans in the Twin Cities outskirts.
What should I know about property taxes when getting a mortgage in Cedar?
Cedar property taxes are relatively moderate compared to the broader Twin Cities metro, with Anoka County's current effective rate around 1.1-1.3% of home value. Your mortgage lender will factor these taxes into your monthly payment through an escrow account, and it's important to budget for potential increases as property values in the area continue to appreciate.
Are there any local down payment assistance programs for Cedar homebuyers?
While Cedar itself doesn't have city-specific programs, Anoka County offers the Community Development Division's Homeownership Assistance Program, which provides down payment and closing cost assistance to income-eligible buyers. Many Cedar residents also benefit from Minnesota's Start Up program, which offers up to $15,000 in down payment assistance as a second mortgage.
Why Choose a Mortgage Lender in Cedar?
Local Market Knowledge
Lenders who understand Cedar'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 Cedar and get competitive rates on your home loan.