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Evansville, MN

The Best Mortgage Lenders in Evansville, MN

Compare verified mortgage lenders serving Evansville, Minnesota. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.7
Avg Rating
730+
Reviews
8
Loan Types

Available Loan Programs in Evansville

Conventional
FHA
VA
USDA
Jumbo
Refinance
Renovation
Reverse Mortgages

Featured Mortgage Lenders

1

Fairway Independent Mortgage Corporation

Fairway Independent Mortgage Corporation

★★★★☆
4.8/5

Fairway Independent Mortgage is a nationally recognized lender with a strong local presence in Minnesota, serving Evansville and surrounding areas. Known for its competitive rates, exceptional customer service, and efficient loan processing, they have built a reputation over 28 years for helping borrowers with a wide range of loan products. Their team of experienced loan officers provides personalized guidance, making them a top choice for homebuyers in the region.

Experience:28 years
Reviews:350 customer reviews
1500 County Road 42 West, Burnsville, MN 55306

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

Movement Mortgage

Movement Mortgage, LLC

★★★★☆
4.7/5

Movement Mortgage is highly regarded for its fast, streamlined mortgage processes and commitment to community engagement. With 16 years of experience, they offer tailored loan solutions and have a solid track record in Minnesota, including service to Evansville. Their focus on technology and personal touch has earned them high customer satisfaction ratings and a reputation for reliability.

Experience:16 years
Reviews:200 customer reviews
110 7th Avenue South, St. Cloud, MN 56301

Loan Types:

ConventionalFHAVAUSDARenovationRefinance
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3

New American Funding

New American Funding

★★★★☆
4.6/5

New American Funding is a diverse and inclusive lender with a strong presence in Minnesota, serving Evansville and nearby communities. Founded in 2003, they are known for competitive rates, flexible loan options, and a focus on underserved markets. Their experienced team provides comprehensive support, from application to closing, making them a trusted choice for homebuyers seeking personalized service and financial expertise.

Experience:21 years
Reviews:180 customer reviews
2550 West County Road D, Roseville, MN 55113

Loan Types:

ConventionalFHAVAUSDAJumboReverse Mortgages
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Frequently Asked Questions

Common questions about mortgage lending in Evansville, MN

What are the current mortgage rates like in Evansville, MN?

Mortgage rates in Evansville typically align with national averages, but local lenders may offer competitive rates for this rural market. As of recent trends, 30-year fixed rates have been hovering around 6.5-7%, though this can vary based on credit score and loan type. It's recommended to check with local credit unions like Affinity Plus or Bremer Bank for potential regional discounts.

Are there any first-time homebuyer programs specific to Evansville?

Yes, Evansville homebuyers can access Minnesota Housing's First-Time Homebuyer Program, which offers competitive interest rates and down payment assistance. Additionally, the USDA Rural Development loan program is particularly relevant for Evansville given its rural designation, offering 100% financing with no down payment required for eligible borrowers in this area.

How does Evansville's rural location affect mortgage lending options?

Evansville's rural designation opens up specialized loan programs not available in urban areas. USDA loans are especially popular here, requiring no down payment for qualified buyers. Local lenders are also more familiar with rural property types common in Douglas County, including homes with well and septic systems, which can sometimes complicate conventional financing.

What should I know about property taxes when getting a mortgage in Evansville?

Evansville property taxes in Douglas County are relatively moderate compared to urban Minnesota areas, typically ranging from 1.0-1.3% of home value. Your mortgage lender will factor these taxes into your escrow calculations, and it's important to note that property taxes on lakefront properties near Evansville may be higher due to their premium locations.

Are there local down payment assistance programs available for Evansville homebuyers?

While Evansville itself doesn't offer city-specific programs, Douglas County participates in the Minnesota Department of Employment and Economic Development's Small Cities Development Program. Additionally, many local employers like Evansville's school district and manufacturing plants may offer employer-assisted housing programs, so check with your HR department for potential benefits.

Mortgage Insights

Finding Your Perfect Mortgage Match in Evansville, MN

Searching for a "mortgage lender near me" in Evansville, Minnesota, is about more than just convenience. It’s about finding a financial partner who understands the unique rhythm of our local market and can guide you through the opportunities available right here in Douglas County. Evansville offers a appealing blend of small-town charm and lakeside living, attracting buyers looking for a peaceful community close to outdoor recreation. Navigating this market successfully starts with the right local lending expertise.

A lender familiar with Evansville knows that property types can vary widely—from classic homes on tree-lined streets to properties with access to Lake Osakis or other area lakes. This local knowledge is crucial for accurate appraisals and understanding what adds value in our specific area. They can advise you on how features like a garage for our snowy winters, newer roofing, or lake proximity might impact your loan process and long-term investment.

When starting your search, don’t just look at the big national banks online. Prioritize lenders with a physical presence in west-central Minnesota. Schedule face-to-face consultations with a few options. Come prepared with questions about their experience with properties in Evansville and Douglas County. A great local lender will also be a wealth of information about the entire buying process, connecting you with trusted local inspectors, title companies, and real estate agents who know our community.

Minnesota offers several programs that a knowledgeable local lender can help you access. The Minnesota Housing Finance Agency (MHFA) provides down payment and closing cost assistance, as well as competitive first-time homebuyer loans with favorable rates. These programs have income and purchase price limits, but for eligible buyers in Evansville, they can be a game-changer, making homeownership significantly more attainable. A lender who regularly works with these programs can efficiently navigate their requirements.

Your actionable first step? Get pre-approved locally. This does more than show sellers you’re serious; in a market where desirable properties can move quickly, a pre-approval letter from a respected Minnesota lender strengthens your offer. It signals that your financing is reliable and grounded in local realities. Furthermore, a local lender’s underwriting will be familiar with valuations in our area, which can help prevent last-minute appraisal surprises.

Ultimately, your "mortgage lender near me" in Evansville should feel like a trusted neighbor. They should explain the nuances of fixed-rate versus adjustable-rate mortgages in terms that make sense for your family’s budget and long-term goals in this community. By choosing a partner rooted in our region, you’re not just securing a loan—you’re gaining an advocate who will help you unlock the door to your Evansville home with confidence and local insight.

Nearby Cities

Explore mortgage lenders in cities near Evansville, MN

Why Choose a Mortgage Lender in Evansville?

Local Market Knowledge

Lenders who understand Evansville'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 Evansville and get competitive rates on your home loan.