The Best Mortgage Lenders in Claremont, MN
Compare verified mortgage lenders serving Claremont, Minnesota. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Claremont
Featured Mortgage Lenders
Security Bank & Trust Co.
Security Bank & Trust Co.
Security Bank & Trust Co. is a highly-rated community bank serving Claremont and surrounding Steele County areas with exceptional personalized mortgage services. As a locally-owned institution with over 25 years of experience, they offer competitive rates and flexible loan options tailored to rural and small-town homebuyers. Their mortgage team provides hands-on guidance through the entire process, from pre-approval to closing, with deep understanding of local market conditions. Customers consistently praise their responsive service, transparency, and ability to close loans efficiently.
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Think Credit Union
Think Credit Union
Think Credit Union (formerly Hiway Credit Union) serves Claremont residents through their strong regional presence in Southern Minnesota. With excellent member reviews and competitive mortgage rates, they specialize in first-time homebuyer programs and government-backed loans ideal for the Claremont market. Their mortgage advisors provide comprehensive financial guidance and flexible terms, with many customers noting their exceptional customer service and smooth closing processes. As a not-for-profit cooperative, they often offer lower fees and more personalized attention than larger institutions.
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Edge Home Finance
Edge Home Finance
Edge Home Finance is a top-rated mortgage broker serving Claremont and throughout Minnesota with exceptional customer satisfaction ratings. They leverage their extensive lender network to secure highly competitive rates and offer a wide range of loan products suitable for various financial situations. Specializing in both purchase and refinance transactions, their team provides personalized service with transparent communication throughout the mortgage process. Customers consistently highlight their expertise in navigating complex scenarios, responsiveness to questions, and ability to close loans quickly and efficiently.
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Frequently Asked Questions
Common questions about mortgage lending in Claremont, MN
What are current mortgage rates like for homebuyers in Claremont, MN?
Mortgage rates in Claremont typically align with national averages but can vary based on local lenders and property types. As of recent trends, you might find conventional 30-year fixed rates between 6.5-7.5%, though rural properties common in the area may have slightly different terms. It's best to check with local credit unions like Claremont's own financial institutions for the most competitive rates.
Are there any first-time homebuyer programs specific to Claremont, MN?
Yes, Claremont homebuyers can access Minnesota Housing's First-Time Homebuyer Program, which offers competitive interest rates and down payment assistance. Additionally, local lenders may offer special programs for Claremont residents purchasing within city limits. These programs are particularly valuable given Claremont's affordable housing market compared to larger Minnesota cities.
How does Claremont's rural location affect mortgage lending requirements?
Claremont's rural character means some properties may qualify for USDA loans, which offer 100% financing with no down payment required. However, properties with larger acreage or agricultural elements may face stricter appraisal requirements. Lenders will pay close attention to property type and location within Dodge County when underwriting loans in Claremont.
What should I know about property taxes when getting a mortgage in Claremont?
Claremont property taxes are relatively moderate compared to metro areas, currently around 1.1-1.3% of assessed value. Your mortgage lender will factor these taxes into your escrow calculations, and it's important to note that Dodge County reassesses properties periodically. First-time buyers should budget for potential tax increases as property values in Claremont continue to appreciate.
Are there any local down payment assistance programs for Claremont homebuyers?
While Claremont itself doesn't offer city-specific programs, homebuyers can access the Southeast Minnesota Housing and Redevelopment Authority programs and Minnesota's Start Up program. These can provide down payment assistance up to $15,000 for eligible buyers. Local lenders familiar with Claremont's market can help you navigate these opportunities during the mortgage process.
Nearby Cities
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Why Choose a Mortgage Lender in Claremont?
Local Market Knowledge
Lenders who understand Claremont'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 Claremont and get competitive rates on your home loan.