The Best Mortgage Lenders in Saint Francis, MN
Compare verified mortgage lenders serving Saint Francis, Minnesota. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Saint Francis
Featured Mortgage Lenders
Tim Murnane
Bell Bank Mortgage
Bell Bank Mortgage is consistently ranked among Minnesota's top mortgage lenders with exceptional customer satisfaction ratings. As a locally-based financial institution with deep roots in the Twin Cities metro area, they serve Saint Francis residents with personalized service and competitive rates. Their mortgage advisors are known for guiding clients through the entire home financing process with expertise in first-time homebuyer programs, construction loans, and various government-backed options. Bell Bank's strong community presence and commitment to local homebuyers make them a top choice for Saint Francis area residents.
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Mike Ryden
Affinity Plus Federal Credit Union
Affinity Plus Federal Credit Union has built an outstanding reputation for mortgage lending across Minnesota, including service to Saint Francis residents. As a member-owned cooperative, they prioritize member satisfaction over profits, resulting in highly competitive rates and personalized service. Their mortgage specialists excel at helping members navigate the home financing process with transparency and care. With multiple branches throughout the region and robust digital banking services, they provide convenient access while maintaining the personal touch of a community-focused lender.
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Chris Schrader
U.S. Bank Home Mortgage
U.S. Bank maintains a strong physical presence in the Twin Cities metro area with multiple branches serving Anoka County and Saint Francis residents. As one of the nation's largest mortgage lenders with deep Minnesota roots, they offer comprehensive mortgage solutions backed by extensive resources and digital tools. Their local mortgage officers provide personalized service while leveraging the stability and product diversity of a major financial institution. U.S. Bank is particularly noted for their competitive jumbo loan programs and efficient closing processes, making them a reliable choice for Saint Francis homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Saint Francis, MN
What are the current mortgage rates like for homes in Saint Francis, MN?
Mortgage rates in Saint Francis are generally competitive with national averages but can be influenced by local market conditions. As of late 2023, rates for 30-year fixed mortgages typically range from 6.5% to 7.5%, though this varies by lender and borrower qualifications. Working with a local lender familiar with Anoka County can help you secure the best available rate.
Are there any first-time homebuyer programs specific to Saint Francis?
While Saint Francis doesn't offer city-specific programs, homebuyers can access Minnesota Housing's First-Time Homebuyer Program, which provides competitive interest rates and down payment assistance. Additionally, Anoka County offers the Community Development Block Grant program for income-qualified buyers, which can be particularly helpful given Saint Francis's growing affordable housing needs.
How does Saint Francis's rural character affect mortgage lending requirements?
Saint Francis's semi-rural location means some properties may be considered "non-warrantable" by conventional lenders if they have unique features like larger acreage, well/septic systems, or agricultural elements. USDA loans are particularly relevant here, offering 100% financing for eligible properties in this designated rural area. It's important to work with lenders experienced with rural property assessments.
What special considerations should I know about when getting a mortgage for a new construction home in Saint Francis?
With Saint Francis experiencing significant new development, construction loans and construction-to-permanent mortgages are common. Many local builders have preferred lenders who understand the specific draw schedules and inspection requirements. Be prepared for potentially higher interest rates during construction phase and ensure your lender is familiar with Saint Francis's building permit process and timelines.
How do property taxes in Saint Francis impact mortgage affordability?
Saint Francis has relatively moderate property tax rates compared to the broader Twin Cities metro area, currently around 1.1-1.3% of assessed value. However, with property values rising due to growth, your lender will carefully calculate escrow requirements. Anoka County's tax assessment practices mean your monthly mortgage payment should include adequate reserves for potential tax increases.
Why Choose a Mortgage Lender in Saint Francis?
Local Market Knowledge
Lenders who understand Saint Francis'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 Saint Francis and get competitive rates on your home loan.