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.
Available Loan Programs in Evansville
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
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.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
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.
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New American Funding
New American Funding
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.
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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.
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.