The Best Mortgage Lenders in Houston, MN
Compare verified mortgage lenders serving Houston, Minnesota. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Houston
Featured Mortgage Lenders
Affinity Plus Federal Credit Union
Affinity Plus Federal Credit Union
Affinity Plus Federal Credit Union stands out as one of Minnesota's most trusted mortgage lenders with deep roots in southeastern Minnesota. While based in St. Paul, their Rochester branch serves the Houston area with exceptional convenience. They consistently receive top marks for personalized service, competitive rates, and their commitment to member education. As a credit union, they operate as a not-for-profit organization, often resulting in lower fees and better terms for borrowers. Their mortgage specialists provide comprehensive guidance through the entire home buying process, making them particularly popular with first-time homebuyers and those seeking USDA rural development loans perfect for the Houston area.
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Citizens State Bank of La Crosse
Citizens State Bank of La Crosse
Citizens State Bank of La Crosse has been serving the tri-state area including Houston, Minnesota for over a century. This community-focused bank excels in understanding the unique needs of rural and small-town borrowers in the Driftless Region. They offer highly competitive agricultural and land loans alongside traditional residential mortgages, making them ideal for Houston residents seeking property with acreage or farming opportunities. Their local decision-making process and personalized service have earned them outstanding customer satisfaction ratings. The bank's longevity and stability provide borrowers with confidence in their mortgage partnership.
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Altra Federal Credit Union
Altra Federal Credit Union
Altra Federal Credit Union, while headquartered in Onalaska, Wisconsin, has established itself as a premier mortgage lender for the Houston, Minnesota area through their expansive service territory. They offer particularly strong USDA rural housing programs that benefit Houston residents, along with exceptional first-time homebuyer programs and competitive construction lending. Altra's mortgage team receives consistent praise for their responsiveness, transparency throughout the lending process, and ability to secure favorable terms for borrowers. Their digital mortgage application process combines modern convenience with local, personalized service that understands the specific dynamics of the Houston real estate market.
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Frequently Asked Questions
Common questions about mortgage lending in Houston, MN
What are current mortgage rates like for homes in Houston, MN?
Mortgage rates in Houston, MN, are typically very competitive with national averages, but can be slightly influenced by the rural nature of the county and local lender competition. For the most accurate and up-to-date rates, it's best to check directly with local community banks or credit unions in Houston, as they often have a strong understanding of the specific property values and market conditions in the area.
Are there any down payment assistance programs available for homebuyers in Houston, MN?
Yes, homebuyers in Houston may be eligible for the Minnesota Housing Finance Agency's programs, such as the Start Up or Step Up loans, which offer competitive interest rates and down payment assistance. These programs are particularly beneficial for first-time homebuyers and can be a significant help in a market where saving for a down payment can be a challenge.
How does the rural location of Houston, MN, affect the mortgage process?
The rural setting can sometimes mean a smaller pool of local appraisers, which might slightly extend the loan processing timeline. Additionally, if you're considering a property with acreage or unique features outside the city limits, you may need to work with a lender experienced in rural properties, as they require specific appraisal considerations that not all lenders are familiar with.
What should I know about property taxes when getting a mortgage in Houston, MN?
Houston County property taxes are a key component of your monthly mortgage payment, as they are typically escrowed by the lender. It's important to factor these into your budget, as tax rates can vary. Your lender will help estimate these costs, but you can also contact the Houston County Assessor's office for precise figures based on the property you're considering.
Are there specific lenders in Houston, MN, that specialize in mortgages for first-time homebuyers?
Local community banks and credit unions in Houston, such as Valley State Bank or Home Federal Savings Bank, often have loan officers who specialize in first-time homebuyer programs and are very familiar with state-specific assistance options. Building a relationship with a local lender can provide personalized guidance tailored to the Houston market's unique dynamics.
Why Choose a Mortgage Lender in Houston?
Local Market Knowledge
Lenders who understand Houston'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 Houston and get competitive rates on your home loan.