If you’re planning to buy a house in Minnesota, your mortgage lenders start your search here. In this blog, we will mention some of the best lenders that you can choose with 100% confidence. Whether you’re dreaming of buying a condo or a 3 BHK apartment, these lenders are a reliable place to start mortgage needs.
#1. For home-time buyers
If you’re a first-time homebuyer, you must choose a lender that offers a quick, straightforward, and convenient pre-approval process. First State Bank And Trust offer a full range of mortgage options. You can apply for Stillwater loans via online application forms.
#2. Best for FHA loans
You might be applying for FHA loans due to your less income or low credit score to buy your new home. If this is the situation, you can trust Keller Mortgage for FHA loans. They don’t charge any lender fees and offers grant up to $1,000. You can also get a mortgage loan with less than a 3.5% interest rate and an FHA loan.
#3. Best for self-employed professionals
Most self-employed professionals struggle to get approval for a mortgage loan. They need to show proves of consistent and reliable income. Showing bank slips can be difficult as your payment may vary from month to month. If you, too, are facing issues, you can trust banks in Minnesota.
Some other best lenders in Minnesota are:
· Loan Depot: They require a minimum credit score of 620 and requires 5% minimum down payment
· Prime Lending: You must have a credit score of 620 and pay 3% of the minimum down payment.
· Navy Federal: They don’t have any specific requirement to maintain credit score, and also, you don’t need to pay any minimum down payment.
· Bank of America: You need to pay 3% of the minimum down payment and maintain a credit score of 620.
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