The Best Mortgage Lenders in Stacy, MN
Compare verified mortgage lenders serving Stacy, Minnesota. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Stacy
Featured Mortgage Lenders
Supreme Lending
Supreme Lending
Supreme Lending is a highly-rated mortgage company with a strong presence in the Twin Cities metro area, serving Stacy and surrounding communities. Known for exceptional customer service and competitive rates, they offer a wide range of loan products and have built a reputation for reliability and personalized attention. Their local expertise and efficient processing make them a top choice for homebuyers in the region.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender with a robust local presence in Minnesota, offering tailored mortgage solutions for Stacy residents. They excel in customer satisfaction, providing competitive rates and a seamless loan process. Their experienced team and commitment to community involvement have earned them numerous awards and high praise from borrowers.
Loan Types:
New American Funding
New American Funding
New American Funding is a reputable mortgage lender with a strong track record in the Minneapolis-St. Paul area, including service to Stacy. They are praised for their diverse loan options, competitive pricing, and dedicated customer support. Their focus on innovation and community engagement ensures a reliable and satisfying experience for homebuyers.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Stacy, MN
What are the current average mortgage rates for homebuyers in Stacy, MN?
Mortgage rates in Stacy typically align with national averages but can vary by lender and property type. Currently, 30-year fixed rates in the Stacy area range from 6.5% to 7.25%, while FHA and VA loans often offer slightly lower rates. Local credit unions like Royal Credit Union often provide competitive rates for Stacy residents.
Are there any first-time homebuyer programs specifically available in Stacy?
Yes, Stacy homebuyers can access Minnesota Housing's First-Time Home Buyer Program, which offers competitive interest rates and down payment assistance. Additionally, the CHASCO Community Loan Program serves Chisago County residents with affordable mortgage options and down payment assistance up to $10,000 for qualified buyers in Stacy.
How does Stacy's rural location affect mortgage options and requirements?
Stacy's rural designation makes many properties eligible for USDA Rural Development loans, which offer 100% financing with no down payment requirement. However, some lenders may require additional property inspections for rural properties, particularly for wells and septic systems that are common in the Stacy area.
What unique closing costs should I expect when buying a home in Stacy, MN?
Stacy homebuyers should budget for typical Minnesota closing costs plus local specific fees including Chisago County recording fees, property transfer tax, and potential well and septic certification costs. Title insurance rates in Stacy are regulated by Minnesota state law, providing consistent pricing across different title companies.
How competitive is the mortgage pre-approval process in Stacy's housing market?
Given Stacy's competitive housing market with limited inventory, having a strong pre-approval from a local lender is crucial. Many sellers in Stacy prefer buyers who use local Minnesota lenders familiar with the area's property types and appraisal processes. A full pre-approval (not just pre-qualification) significantly strengthens your offer in this market.
Why Choose a Mortgage Lender in Stacy?
Local Market Knowledge
Lenders who understand Stacy'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 Stacy and get competitive rates on your home loan.