Fulfill Your Home Dreams With Mortgage Broker in Minnesota

Receive amazing offers from Minnesota's top mortgage broker

Want to make your home dreams come true? Work with the best mortgage broker in Minnesota, and you’ll be well on your way. With our help, you can find a loan that fits your budget perfectly – saving you money while helping you realize your aspirations. 

Take the first step toward owning your dream Minnesota home and get in touch with us today.

Mortgage Lender In Minnesota
looking or the best mortgage lender in Minnesota?

Secure A Minnesota Mortgage Today and Make Your Dream Home a Reality

Tired of struggling to find the perfect mortgage loan for your next real estate investment? Are you looking to make a move without going through the hassle of applying to multiple brokers? We can offer an easier solution.

With so many financial institutions around, deciding where to get a Minnesota home loan may be challenging. At The Mortgage Shop, you’ll find tailored solutions with a hassle-free approval process that help make your dream property a reality. Our low insurance rates and minimal down payments mean you can easily get the loan you need. Get started on your investment today and enjoy a smooth, stress-free loan experience.

With stunning places to explore in Minnesota, don’t let an intimidating mortgage loan application stand between you and that beautiful new home. Your adventure awaits!

FHA Loans in Minnesota

Since 1934, FHA loans have aided Minnesotans in purchasing homes. Because the loan is insured by the Federal Housing Administration (FHA), a division of HUD, homebuyers in Minnesota have convenient access to greater deals. This initiative makes it possible for many purchasers to buy their first house – even those with a less-than-ideal credit history.

FHA lending amounts used to be consistently low. In the present market, a lot can be purchased for the max FHA loan amount of $356,500. Because FHA guarantees your mortgages, lenders are more inclined to grant loans with softer qualification standards, making it simpler for homeowners to obtain them.

Curious about FHA Loans Percentages in Minnesota?

Depending on your credit score, you can get great terms FHA Loans in Minnesota with 3.5% down or less. You may still qualify for assistance even if it’s not your first home purchase. Different wait periods apply depending on finances, so contact us to find out what works for you. 

great houses in Minnesota

Conforming and Conventional Loans in Minnesota

A conventional loan in Minnesota means you need a 5-20% down payment if you’re buying a home. Most brokers require that you own at least 10% of the property when refinancing. However, if the debt on your property is more than its current value, a HARP 2.0 Loan can be made available to you. This option applies even if you lack the required equity to be approved for a standard refinance.

While using conventional financing, your interest rate and private mortgage insurance (PMI) will be lowered if your credit score is high. 85% of all FHA loans require a PMI, which can impact your bottom line over the long term. Under a conventional loan, your PMI rate will decrease in proportion to how much money you save and how well your credit is doing. 20% down means no PMI is required.

VA Loans in Minnesota

The Department of Veterans Affairs guarantees loans provided by private lenders. Finding a certified broker with a license in the state where you want to buy or refinance is necessary since commercial lenders, not the VA, provide VA loans.

VA loan limits do not apply to Minnesota VA borrowers who have received their complete VA loan entitlements. This indicates that you are not required to make a down payment and can obtain whatever amount a lender is prepared to lend. However, veterans who do not have access to their full loan entitlement are nonetheless constrained by Minnesota’s VA loan limits.

The maximum VA loan amount for all Minnesota counties is $726,200 as of January 1, 2023.

We will walk you through the procedure, so speak with us about how you can prepare a DD-214 to get your eligibility certificate. 

USDA loans in Minnesota

DSCR Loans

Say goodbye to limits on your loan approval! With the DSCR mortgage program, you can use rental revenue from a prospective property to get approved for a loan – so there’s no more stress about meeting income requirements, allowing investors to fund their dreams with ease.

A DSCR loan can help take your investments to the next level. You’ll be able to expand into different markets or even build a real estate portfolio – regardless of how much experience you have. It’s a great way to reach your goals and make your money work for you.

Want The BEST Mortgages in MN? Simplify the Search with a Proven Broker!

Want to buy a house in Minnesota? Don’t do it alone – hire the perfect mortgage broker! Customized plans that fit your budget and needs mean you can secure your desired home easier and faster. Get ready to have your dreams come true with an amazing Minnesota mortgage broker who has what it takes to help you get the house of your dreams.

Worried you won’t get the loan for your next real estate investment? Don’t let money problems hold you back. With so many options, you can find the perfect home equity loan, FHA, or VA loan for your dream property.

Our team of experts is ready to help you find the perfect lender credit mortgage for your investment needs. From short-term rentals and vacation homes to long-term properties and four-unit buildings, let us do the hard work and set you up with a great mortgage.

Receive Great Value at The Mortgage Shop

Chase Your Dream of Owning a Home in Minnesota.

We are the go-to mortgage broker in Minnesota for individuals looking to secure a reliable home loan.

For over a decade, The Mortgage Shop has helped investors overcome difficulties with traditional mortgage regulations so they can quickly move forward with their next steps. We can provide tailored financing options for you, whether you’re looking to buy a vacation rental property, invest in multifamily buildings with numerous apartments, or own long-term or short-term rentals.

Conventional mainstream institutions decline applications for a home loan in Minnesota for a variety of reasons. But The Mortgage Shop, LLC ensures you can get the loan you require for your subsequent investment and develop a wealth-building commitment for a lifetime.

What Makes The Mortgage Shop Remarkable?

We Put Accuracy First.

With more than 15 years of experience, our mortgage specialists are sufficiently educated about the ins and outs of the real estate market, as well as the nuances of cash-on-cash returns and the cash flows associated with rental income and property ownership. You can depend on the leading professionals in American lending to present the best home loans Minnesota has to offer.

We Provide Tailored Options.

In addition to having a thorough understanding of finance sector procedures, our experience helps us to understand what our clients need to succeed in real estate investing. We work with investors and help them realize their dreams based on their unique circumstances.

We Promise Transparency and Competitive Rates.

The Mortgage Shop LLC offers great mortgage rates, down payments as low as 15%, small loan origination charges, affordable private insurance, and expert guidance on the short-term rental market.

Our Results Are Unparalleled.

When you work with us, you won’t have to worry about losing out on investment opportunities because your loan application was denied. We provide unmatched results when real estate investors need a mortgage tailored to their situations.

Work With The Very Best

The Mortgage Shop, LLC is establishing itself as the go-to place to get a loan on different properties. In addition to being your broker, we also want to assist you in creating wealth that will last for years to come.

With years of expertise in various aspects of property financing and extensive knowledge of the local markets, we will work closely with you to determine how your property will produce cash flow, and guide you through the mortgage process step by step.