The Best Mortgage Lenders in Hills, MN
Compare verified mortgage lenders serving Hills, Minnesota. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hills
Featured Mortgage Lenders
Security Savings Bank
Security Savings Bank
Security Savings Bank is the primary local banking institution actually headquartered in Hills, Minnesota, providing personalized mortgage services to the community for over a century. As a community bank deeply embedded in Rock County, they offer competitive rates with local decision-making and exceptional customer service. Their mortgage specialists live and work in the area, understanding the unique needs of rural Minnesota homebuyers. They provide comprehensive mortgage solutions including construction loans for new homes in the region and various government-backed programs ideal for first-time homebuyers in the area.
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Doug Oye
First National Bank Sioux Falls
First National Bank Sioux Falls is a highly-regarded regional bank that serves the Hills, Minnesota area from their nearby Sioux Falls location. With over 140 years of banking experience, they have established themselves as a trusted mortgage lender in the tri-state region. They offer competitive rates and a wide range of loan products, particularly strong in agricultural and rural property financing which is ideal for the Hills community. Their local loan officers provide personalized service with the backing of a substantial regional financial institution.
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Sioux Empire Mortgage
Sioux Empire Mortgage
Sioux Empire Mortgage is a highly-rated mortgage brokerage serving the entire Sioux Empire region including Hills, Minnesota. With nearly 25 years of experience, they have built an exceptional reputation for customer service and competitive mortgage products. They work with multiple lenders to find the best rates and terms for each borrower's unique situation. Specializing in both purchase and refinance loans, they have particular expertise with rural properties and first-time homebuyer programs that benefit residents of smaller communities like Hills. Their team includes local mortgage experts familiar with the Rock County real estate market.
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Frequently Asked Questions
Common questions about mortgage lending in Hills, MN
What are the current mortgage rates like for homes in Hills, MN?
Mortgage rates in Hills are typically competitive with national averages but can be influenced by local market factors. For the most accurate rates, it's best to check with local lenders who understand the specific dynamics of Rock County's housing market. Rates may vary based on property type and loan program.
Are there any first-time homebuyer programs specifically available in Hills, MN?
Yes, Hills homebuyers can access Minnesota Housing's First-Time Home Buyer Program, which offers competitive interest rates and down payment assistance. Additionally, Rock County may have local programs - it's worth checking with the Hills Economic Development Authority for any city-specific initiatives to support new homeowners.
How does the agricultural nature of the Hills area affect mortgage lending?
Lenders in Hills are familiar with rural and agricultural properties, but they may require additional documentation for homes on larger lots or with farm outbuildings. Properties with significant acreage may need specialized appraisals, and lenders will carefully evaluate income stability for applicants in farming or agricultural-related occupations.
What should I know about property taxes when getting a mortgage in Hills?
Hills property taxes are relatively affordable compared to urban areas, with Rock County's 2023 effective tax rate around 1.1% of home value. Your lender will include these taxes in your monthly mortgage payment through an escrow account. It's important to factor in potential tax increases if you're purchasing a significantly improved property.
Are there any special considerations for manufactured home financing in Hills?
Yes, financing manufactured homes in Hills requires specific loan programs since many are considered personal property. Local lenders familiar with Rock County's housing stock can guide you toward appropriate options like FHA Title I or chattel loans. The home must meet HUD standards and be permanently situated to qualify for the best financing terms.
Why Choose a Mortgage Lender in Hills?
Local Market Knowledge
Lenders who understand Hills'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 Hills and get competitive rates on your home loan.