The Best Mortgage Lenders in Jordan, MN
Compare verified mortgage lenders serving Jordan, Minnesota. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Jordan
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 nearly a century of service. While based in St. Paul, they actively serve the Jordan community through their extensive Minnesota branch network and digital mortgage platform. They receive exceptional ratings for their personalized service, competitive rates, and comprehensive mortgage education resources. Their mortgage advisors are praised for guiding borrowers through the entire process with exceptional clarity and support, particularly benefiting first-time homebuyers in the Jordan area.
Loan Types:
The Mortgage Guys
The Mortgage Guys
The Mortgage Guys have built an outstanding reputation serving the southern Twin Cities metro area, including Jordan, with their exceptional customer service and mortgage expertise. They specialize in finding creative solutions for unique financial situations and are particularly noted for their responsiveness and transparent communication. With hundreds of five-star reviews highlighting their smooth closing processes and competitive rates, they've become a go-to choice for Jordan residents seeking personalized mortgage guidance from local experts who understand the regional market dynamics.
Loan Types:
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage combines national lending power with strong local presence through their Chaska office, conveniently located to serve Jordan homeowners. They receive high marks for their extensive loan product portfolio and efficient processing system. Local mortgage professionals at their Minnesota branches are particularly praised for their deep knowledge of the Scott County housing market and ability to secure competitive rates for borrowers. Their hybrid approach of national resources with local expertise makes them a popular choice for Jordan area homebuyers seeking both selection and personalized service.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Jordan, MN
What are the current mortgage rates like for homebuyers in Jordan, MN?
Mortgage rates in Jordan typically align with national averages but can be influenced by local market conditions and lender competition in the Scott County area. As of recent trends, Jordan buyers can expect competitive rates from both local credit unions like Affinity Plus and regional banks. It's wise to compare offers from multiple lenders since even small rate differences can significantly impact your long-term costs in Jordan's housing market.
Are there any first-time homebuyer programs specifically available in Jordan?
Yes, Jordan homebuyers can access Minnesota Housing's First-Time Homebuyer Program, which offers competitive interest rates and down payment assistance. Additionally, Scott County offers a Deferred Payment Loan program that provides up to $10,000 in down payment assistance for eligible buyers. These programs are particularly valuable in Jordan where median home prices have been rising steadily in recent years.
How does Jordan's growth and development affect mortgage lending requirements?
With Jordan experiencing steady growth from Twin Cities commuters, lenders may view the area favorably, but they also pay close attention to property valuations in newer developments. The city's expansion means appraisals are crucial, as lenders want to ensure the property value keeps pace with Jordan's development patterns. This is especially important in newer subdivisions where comparable sales data might be limited.
What unique closing costs should I expect when buying a home in Jordan?
Beyond standard closing costs, Jordan homebuyers should budget for local-specific expenses including Scott County recording fees, Jordan city transfer taxes, and potential special assessments that are common in developing areas. Title insurance rates in Minnesota are regulated, but you may encounter additional costs for well and septic inspections that are typical for many Jordan properties outside the main city center.
How do property types common in Jordan (like older historic homes versus new construction) affect mortgage options?
Jordan's mix of historic downtown homes and new construction developments means mortgage considerations vary significantly. Older homes in the historic district may require specialized renovation loans or FHA 203(k) programs, while new construction often involves construction-to-permanent loans with different requirements. Lenders typically require additional inspections for historic properties, which can affect both loan approval and timeline.
Why Choose a Mortgage Lender in Jordan?
Local Market Knowledge
Lenders who understand Jordan'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 Jordan and get competitive rates on your home loan.