The Best Mortgage Lenders in Huntley, MN
Compare verified mortgage lenders serving Huntley, Minnesota. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Huntley
Featured Mortgage Lenders
Mortgage Department
Frandsen Bank & Trust
Frandsen Bank & Trust is a highly-rated community bank with deep roots in southern Minnesota, serving Huntley and surrounding rural communities for over two decades. They maintain exceptional 4.8-star ratings for their personalized mortgage services and competitive local lending programs. As a community-focused institution, they specialize in agricultural and rural property financing with experienced loan officers who understand the unique needs of Huntley area residents. Their strong local presence and commitment to customer service make them a top choice for mortgages in the region.
Loan Types:
Mortgage Services
United Prairie Bank
United Prairie Bank has built an outstanding reputation across southern Minnesota with consistent 4.7-star ratings for their mortgage services. They actively serve the Huntley area with specialized knowledge of rural property financing and agricultural lending needs. The bank is particularly noted for their competitive USDA loan programs, which are ideal for Huntley's rural location. Their experienced mortgage team provides personalized guidance through the entire process, with many customers praising their responsiveness and local decision-making capabilities that larger institutions cannot match.
Loan Types:
Mortgage Division
Cornerstone Mortgage
Cornerstone Mortgage has established itself as a premier mortgage brokerage serving southern Minnesota communities including Huntley. With strong 4.6-star ratings across multiple review platforms, they are praised for their extensive loan product options and expert guidance through complex financing situations. Their brokers have deep experience with rural properties and agricultural lending needs specific to the Huntley area. Customers consistently highlight their competitive rates, transparent communication, and ability to secure favorable terms for borrowers in smaller rural communities.
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Frequently Asked Questions
Common questions about mortgage lending in Huntley, MN
What are the current mortgage rates like for homes in Huntley, MN?
Mortgage rates in Huntley typically align with national averages but can be slightly influenced by local market conditions and property types common in the area. Currently, rates for 30-year fixed mortgages in rural Minnesota communities like Huntley range from 6.5% to 7.25%, though individual rates depend on credit score, loan type, and down payment amount. Working with a local lender familiar with Martin County can help you secure competitive rates.
Are there any first-time homebuyer programs specifically available in Huntley?
Yes, Huntley 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 Huntley properties since the town qualifies as a rural area, offering 100% financing with no down payment required. Local lenders can help determine which program best fits your financial situation.
How does Huntley's rural location affect the mortgage process?
Huntley's rural status can impact appraisals since comparable properties might be farther apart, potentially requiring appraisers with specific rural market expertise. USDA loans are particularly advantageous here as the entire area qualifies for rural housing programs. Some lenders may have different property requirements, so it's important to work with institutions experienced in rural Martin County lending.
What types of properties are most common in Huntley's mortgage market?
Huntley's mortgage market primarily consists of single-family homes on larger lots, along with some agricultural properties and older homes that may require special consideration. Many properties include outbuildings or land that may affect loan qualification. FHA 203(k) loans can be beneficial for financing renovations on older Huntley homes that need updates.
Are there any local down payment assistance programs for Huntley homebuyers?
While Huntley itself doesn't offer city-specific programs, Martin County homebuyers can access the Minnesota Housing Down Payment Assistance program, which provides up to $18,000 as a deferred, no-interest second mortgage. Additionally, the USDA Section 502 Direct Loan Program offers subsidized rates and payment assistance for low-income buyers in rural areas like Huntley, making homeownership more accessible.
Why Choose a Mortgage Lender in Huntley?
Local Market Knowledge
Lenders who understand Huntley'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 Huntley and get competitive rates on your home loan.