The Best Mortgage Lenders in Saint Hilaire, MN
Compare verified mortgage lenders serving Saint Hilaire, Minnesota. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Saint Hilaire
Featured Mortgage Lenders
Alerus Mortgage
Alerus Financial
Alerus Financial is a highly-rated regional lender with strong presence in northwest Minnesota and eastern North Dakota. Serving the Saint Hilaire area from their Grand Forks location just 30 minutes away, they offer comprehensive mortgage solutions with exceptional local service. Their team understands the unique rural and agricultural needs of the Red River Valley region, providing personalized guidance through the entire home financing process. With consistently high customer satisfaction ratings and competitive rates, Alerus is a trusted choice for both first-time homebuyers and experienced property owners in the Saint Hilaire community.
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Gate City Bank Mortgage
Gate City Bank
Gate City Bank has earned an outstanding reputation across the Minnesota-North Dakota border region, consistently ranking among the highest-rated mortgage lenders in the area. While based in Fargo, they actively serve clients throughout northwest Minnesota including Saint Hilaire. Known for their exceptional customer service and community-focused approach, they offer competitive rates and flexible loan programs. Their mortgage specialists provide personalized guidance and have extensive experience with rural properties and agricultural communities. Gate City's strong local presence and commitment to customer satisfaction make them a top choice for Saint Hilaire residents.
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Bell Bank Mortgage
Bell Bank
Bell Bank Mortgage has established itself as a premier regional lender serving communities across Minnesota and North Dakota, including the Saint Hilaire area. With their Fargo location conveniently serving northwest Minnesota, they offer a wide range of mortgage products with competitive rates and exceptional service. Bell Bank is particularly noted for their straightforward approval process and dedicated local loan officers who understand the specific needs of rural Minnesota homebuyers. Their strong community involvement and commitment to personalized service have earned them consistently high customer satisfaction ratings and trust among homebuyers throughout the region.
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Frequently Asked Questions
Common questions about mortgage lending in Saint Hilaire, MN
What are the current mortgage rates like in Saint Hilaire, MN?
Mortgage rates in Saint Hilaire typically align with national averages but can vary slightly based on local lender competition and property types common in the area. As of recent trends, rates for 30-year fixed mortgages in this region generally range from 6.5% to 7.2%, though rural properties might see slightly different terms. It's best to check with local credit unions like Pine Area Federal Credit Union for the most current Saint Hilaire-specific rates.
Are there any first-time homebuyer programs specifically available in Saint Hilaire?
Yes, Saint Hilaire homebuyers can access Minnesota Housing's first-time homebuyer programs, which offer competitive interest rates and down payment assistance. Additionally, some local lenders may offer special programs for properties in Pennington County. These programs are particularly valuable in Saint Hilaire's affordable housing market, where median home prices are below state averages.
How does Saint Hilaire's rural location affect mortgage lending requirements?
Saint Hilaire's rural character means some properties may qualify for USDA Rural Development loans, which offer 100% financing with no down payment required. However, properties with well and septic systems may require additional inspections that can affect loan approval. Lenders may also have stricter requirements for older farmhouses or properties on larger land parcels common in the area.
What should I know about property taxes when getting a mortgage in Saint Hilaire?
Saint Hilaire property taxes are generally lower than urban Minnesota areas, typically ranging from 1.0% to 1.3% of home value. When calculating your mortgage payment, lenders will include these taxes in your escrow account. The city's stable tax base and rural nature help keep property taxes predictable, which is beneficial for long-term mortgage planning.
Are there local considerations for jumbo loans in Saint Hilaire's housing market?
Given Saint Hilaire's relatively affordable housing market, jumbo loans (over $766,550 in 2024) are less common but may be needed for premium properties or larger acreages. Local lenders familiar with Pennington County property values can provide better assessment of whether a jumbo loan is appropriate. The rural location may mean fewer jumbo loan options compared to metropolitan areas.
Nearby Cities
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Why Choose a Mortgage Lender in Saint Hilaire?
Local Market Knowledge
Lenders who understand Saint Hilaire'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 Hilaire and get competitive rates on your home loan.