Hockey. 10,000 lakes. Hot dishes. Mall of America. Minnesota is known for its four seasons, outdoor adventures, hearty cuisine, and even shopping. Experience twin city life in Minneapolis or St. Paul, and still be close enough for a day trip to the Lake Superior shore of Duluth. Whether you prefer farmland, a downtown condo, or cabin life, Minnesota is a great place to call home.
If you’re looking to buy a home in Minnesota, start your mortgage application now, and you can have a pre-approval letter in hand when you’re touring homes!
Already a Minnesota homeowner? We can also help with mortgage refinancing!
2018 saw national mortgage rates on the rise due to the Federal Reserve (Fed) increasing the benchmark interest rate in June. This resulted in an increase in consumer borrowing costs to help keep the economy from overheating.
Minnesota mortgage rates followed that trend, but are seeing a significant decrease in 2019. If you took out a new home loan or refinanced your mortgage in 2018, it may be time to consider lowering your rate with a mortgage refinance. In fact, regardless of when you took out a mortgage, it's in your best interest to take advantage of a free mortgage review with a trustworthy lender. A lower rate could mean hundreds of dollars in monthly savings.
It's worth noting that your mortgage rate largely depends on your credit scores and debt-to-income ratio. To get the best rate, contact a lender who will customize a loan program based on your personal needs. The American Financing team offers a number of Minnesota home mortgage options, including FHA, VA, Conventional, USDA, and more.
Minnesota home buyers may qualify for down payment assistance. If you’re looking to purchase a Minnesota home, let us help you understand what options and grants* are available to you.
Be sure to ask about:
Dream Makers Grant
Forgivable and non-forgivable second mortgages
First-time home buyer incentives
Closing cost assistance
*Actual assistance amount may vary based on purchase city, credit score, and other financial requirements. Down payment assistance programs are at the city and/or state level, and they are not funded by American Financing. A homebuyer education course may need to be completed prior to applying.
Check with your mortgage consultant about funding today!
Is your monthly mortgage payment or interest rate too high?
Do you have high-interest debt holding you back?
Do you want to be mortgage-free sooner?
If you answered yes to any of these questions, now is the time to schedule a free mortgage review with one of our Minnesota mortgage consultants. Learn about the benefits of mortgage refinancing, and you could be looking at up to $1,000 a month in savings. Plus, you don’t have to reset your loan term. You may even be able to shorten it!
We’re a national mortgage lender that’s dedicated to making homeownership affordable. Competitive mortgage rates and no upfront fees are just the beginning. Our dedicated mortgage consultants work hard to customize the right loan program for your financial goals. We're able to complete most of the lending process online, creating an even faster experience for you.
We try to make it memorable, too. After all, this is not just a transaction. We’re always available to answer any mortgage-related questions after closing. We can also help with refinancing to a better rate or to get cash out. So, here’s to the start of a lifelong relationship!
Call (800) 910-4055 to connect with a Minnesota mortgage consultant. We’ll customize any loan in the industry while offering the best service, lowest rates, and fastest closings. Let us show you how simple the mortgage refinancing or new home purchase process can be!
American Financing is an Equal Housing Lender; NMLS #182334 www.NMLSConsumerAccess.org; Licensed in 50 states.