The Best Mortgage Lenders in Taylors Falls, MN
Compare verified mortgage lenders serving Taylors Falls, Minnesota. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Taylors Falls
Featured Mortgage Lenders
Affinity Plus Federal Credit Union
Affinity Plus Federal Credit Union
Affinity Plus Federal Credit Union is one of Minnesota's most respected financial institutions with a strong presence throughout the Twin Cities metro area and greater Minnesota. They have exceptional customer satisfaction ratings and offer highly competitive mortgage rates with personalized service. Their mortgage specialists are known for guiding borrowers through the entire process with expertise and care, making them a top choice for Taylors Falls residents seeking local understanding with statewide resources.
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Bremer Bank
Bremer Financial Corporation
Bremer Bank has deep roots in Minnesota and Wisconsin communities, with multiple branches serving the Taylors Falls area including nearby Forest Lake. They are particularly strong in rural and semi-rural mortgage lending with expertise in properties like those found in the Taylors Falls region. Bremer consistently receives high marks for their personalized service, local decision-making, and commitment to community banking principles while offering competitive rates and a full range of mortgage products.
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Minnesota Home Mortgage
Minnesota Home Mortgage
Minnesota Home Mortgage is a highly specialized mortgage brokerage serving the entire Twin Cities metro and surrounding areas including Taylors Falls. They have exceptional ratings for their expertise in navigating complex mortgage scenarios and securing the best possible terms for borrowers. Their team of experienced mortgage professionals provides white-glove service with access to multiple lenders and loan programs, making them particularly valuable for buyers in unique markets like Taylors Falls who need flexible financing solutions.
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Frequently Asked Questions
Common questions about mortgage lending in Taylors Falls, MN
What are current mortgage rates like in Taylors Falls, MN compared to the national average?
Mortgage rates in Taylors Falls typically align with national averages, but local lenders may offer competitive rates due to the smaller market. Currently, rates in the Chisago County area range from 6.5% to 7.25% for 30-year fixed mortgages, though this varies by lender and borrower qualifications. It's wise to compare offers from both local credit unions and larger regional banks serving the area.
Are there any first-time homebuyer programs specific to Taylors Falls or Chisago County?
Yes, the Minnesota Housing Finance Agency offers first-time homebuyer programs available to Taylors Falls residents, including down payment assistance and competitive interest rates. Additionally, local lenders like First State Bank of Wyoming or Royal Credit Union may offer specialized programs for Chisago County buyers. These programs can be particularly helpful given Taylors Falls' unique position as a river community with varying property types.
How does Taylors Falls' location along the St. Croix River affect mortgage lending considerations?
Properties near the St. Croix River may require additional considerations like flood insurance, which can affect your overall housing costs and loan approval. Lenders will typically require a flood zone determination, and homes in designated flood zones may have stricter lending requirements. This is particularly important in Taylors Falls where many properties have river frontage or are in low-lying areas.
What types of properties are most common in Taylors Falls, and how does this impact mortgage options?
Taylors Falls features a mix of historic homes, river cabins, and newer constructions, each with different lending considerations. Older historic properties may require specialized inspections and potentially different loan products, while vacation-style properties might have different financing requirements. Conventional loans work for most properties, but unique historic homes might benefit from renovation loans like the FHA 203(k).
Are there any local down payment assistance programs for Taylors Falls homebuyers?
While Taylors Falls itself doesn't offer city-specific programs, homebuyers can access Chisago County and Minnesota state programs. The Start Up program from Minnesota Housing provides down payment assistance of up to $15,000 as a second mortgage. Local lenders familiar with the Taylors Falls market can help you navigate these options, which can be crucial in this competitive river community market.
Nearby Cities
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Why Choose a Mortgage Lender in Taylors Falls?
Local Market Knowledge
Lenders who understand Taylors Falls'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 Taylors Falls and get competitive rates on your home loan.