The Best Mortgage Lenders in Navarre, MN
Compare verified mortgage lenders serving Navarre, Minnesota. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Navarre
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is highly rated for its exceptional customer service and competitive rates, serving the Navarre area with a strong local presence in Woodbury. With over 25 years of experience, they specialize in a wide range of loan products and are known for their personalized approach, fast closings, and high customer satisfaction scores based on numerous positive reviews.
Loan Types:
New American Funding
New American Funding
New American Funding is a top-rated lender with a solid reputation for serving Navarre and the broader Twin Cities area, offering diverse loan options and competitive rates. Founded in 2003, they emphasize inclusivity and technology-driven solutions, resulting in high customer ratings for their responsive service, educational resources, and efficient loan processing.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is renowned for its community-focused approach and fast loan approvals, making it a preferred choice for Navarre residents. Established in 2008, they combine local expertise with national resources, offering a variety of mortgage products and earning high marks for transparency, customer support, and competitive pricing in the Minnesota market.
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Frequently Asked Questions
Common questions about mortgage lending in Navarre, MN
What are the current mortgage rates like for homes in Navarre, MN?
Mortgage rates in Navarre typically align with national averages but can vary based on property type and local lender competition. Currently, rates for 30-year fixed mortgages in the Twin Cities metro area (which influences Navarre) range from 6.5% to 7.5%, but it's best to check with local credit unions like Wings Financial or Affinity Plus for specific Navarre rates, as rural properties might have slightly different considerations.
Are there any first-time homebuyer programs specifically available in Navarre?
Yes, Navarre homebuyers can access Minnesota Housing's First-Time Homebuyer Program, which offers competitive interest rates and down payment assistance. Additionally, the City of Navarre may have local initiatives through community development programs, so it's worth contacting the Wayzata or Orono community development offices that serve the area for any hyper-local grants or assistance programs.
How does Navarre's location in the Lake Minnetonka area affect mortgage lending?
Navarre's prime Lake Minnetonka location means lenders often require additional documentation for waterfront or near-water properties, including detailed appraisals and flood insurance certifications. Properties with lake access or views may have higher appraisal values, which can affect loan-to-value ratios and potentially require larger down payments for jumbo loans in this desirable area.
What special considerations should I know about when getting a mortgage for a rural property in Navarre?
For Navarre's more rural properties, lenders may require well and septic inspections beyond standard appraisals, and properties on private roads might need road maintenance agreements documented. USDA loans can be an excellent option here since much of Navarre qualifies for USDA rural development loans, which offer 100% financing for eligible borrowers in designated rural areas.
How competitive is the mortgage pre-approval process in Navarre's housing market?
Given Navarre's desirable location and limited housing inventory, having a strong pre-approval from a local lender is crucial. Sellers often prefer buyers using local Minnesota lenders who understand the area's unique property types and can close quickly. Getting pre-approved with a lender familiar with Hennepin County's specific requirements will give you a competitive edge in this tight market.
Nearby Cities
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Why Choose a Mortgage Lender in Navarre?
Local Market Knowledge
Lenders who understand Navarre'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 Navarre and get competitive rates on your home loan.