The Best Mortgage Lenders in Saint Paul, MN
Compare verified mortgage lenders serving Saint Paul, Minnesota. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Saint Paul
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong local presence in the Twin Cities, known for its competitive rates, digital mortgage process, and exceptional customer service. Founded in 2000, it has built a reputation for transparency and efficiency, offering a wide range of loan products tailored to first-time homebuyers and experienced investors alike. The Minneapolis office serves Saint Paul residents with personalized support and has consistently high customer satisfaction ratings.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a highly reputable lender with deep roots in the Minnesota market, offering personalized service and a comprehensive suite of loan options. Founded in 1996, it emphasizes community involvement and customer education, making it a favorite among Saint Paul homebuyers for its reliability and competitive rates. The Woodbury branch provides convenient access for local clients, with a track record of smooth closings and positive reviews.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a dynamic lender known for its rapid loan processing and strong customer focus, serving the Saint Paul area from its Minneapolis office. Founded in 2008, it combines technology with personal touch, offering competitive rates and a variety of loan programs. With a commitment to community engagement and high satisfaction scores, Movement Mortgage has become a trusted choice for homebuyers in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Saint Paul, MN
What first-time homebuyer programs are available specifically in Saint Paul, MN?
Saint Paul offers several local programs including the "City of Saint Paul Downpayment Assistance Program," which provides up to $10,000 in forgivable loans for qualified first-time buyers. Additionally, the "Start Up" program from the Minnesota Housing Finance Agency offers competitive rates and downpayment assistance. These programs are particularly valuable given Saint Paul's competitive housing market.
How do Saint Paul's property taxes affect my mortgage payments?
Saint Paul's property tax rates are among the highest in Minnesota, currently around 1.25% of assessed value. This means your monthly mortgage payment will include a significant escrow portion for taxes. However, Minnesota offers property tax refund programs for qualifying homeowners, which can help offset these costs.
Are there special mortgage considerations for buying in Saint Paul's historic districts?
Yes, purchasing in designated historic districts like Summit Avenue or Irvine Park may require additional inspections and potentially higher insurance costs. Some lenders may have specific requirements for historic properties, and you might want to explore renovation loans if the property needs updates while preserving historic character.
What are typical mortgage rates available to Saint Paul homebuyers?
While rates vary by lender and borrower profile, Saint Paul buyers typically see rates slightly below national averages due to Minnesota's competitive lending environment. Local credit unions like Affinity Plus and Hiway often offer particularly competitive rates, sometimes 0.125-0.25% lower than larger national banks.
How does Saint Paul's competitive housing market impact the mortgage pre-approval process?
Given Saint Paul's low inventory and high demand, having a strong pre-approval is crucial. Local sellers often require full underwriting pre-approval rather than basic pre-qualification. Working with Saint Paul-based lenders who understand local market dynamics can give you an advantage in making competitive offers.
Nearby Cities
Explore mortgage lenders in cities near Saint Paul, MN
Why Choose a Mortgage Lender in Saint Paul?
Local Market Knowledge
Lenders who understand Saint Paul'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 Paul and get competitive rates on your home loan.