Securing a Mortgage for Your Minnesota

Home with Central Mortgage Funding Minnesota, a state celebrated for its love of hockey, its 10,000 lakes, unique hot dishes, and the Mall of America, offers a delightful mix of four-season outdoor adventures, hearty cuisine, and shopping experiences. Whether you’re drawn to the dynamic twin cities of Minneapolis and St. Paul, or the serene shores of Lake Superior in Duluth, Minnesota provides a variety of living options from farmlands to downtown condos and cozy cabins.

Thinking about purchasing a home in Minnesota? Start your mortgage application with Central Mortgage Funding today, and soon you’ll have a pre-approval letter in hand as you tour potential homes!

Already a homeowner in Minnesota? We’re here to assist with your mortgage refinancing needs as well.

Minnesota Mortgage Rates and Trends

The COVID-19 pandemic led to historically low national mortgage rates, enabling many Americans to benefit from reduced borrowing costs.

Minnesota’s mortgage rates have mirrored this trend, though recent gradual increases are being observed. Despite this, rates remain favorable compared to historical standards. It’s an opportune time for a free mortgage review, regardless of when you initially took out your mortgage. A lower interest rate could lead to considerable monthly savings.

Mortgage rates are influenced by factors such as credit scores and debt-to-income ratios. To secure the best rate, it’s crucial to work with a lender who will customize a loan program to your specific needs. Central Mortgage Funding offers a variety of Minnesota home mortgage options, including FHA, VA, Conventional, USDA, and more.

Down Payment Assistance

Minnesota home buyers may be eligible for down payment assistance. If you’re looking to purchase a home in Minnesota, let us guide you through the various options and grants* available.

Important programs to ask about include:

  • Dream Makers Grant
  • Forgivable and non-forgivable second mortgages
  • First-time home buyer incentives
  • Closing cost assistance
  • Tax credits

*Note: The actual assistance amount can vary based on factors such as the purchase city, credit score, and other financial requirements. Down payment assistance programs are city and/or state initiatives, not funded by Central Mortgage Funding. A homebuyer education course may be required before applying.

Talk to our mortgage consultants about funding options today!

Refinancing Your Mortgage

  • Is your monthly mortgage payment or interest rate higher than you’d like?
  • Are you dealing with high-interest debt?
  • Or perhaps you’re aiming to be mortgage-free sooner?

If any of these apply to you, now is the time for a free mortgage review with our Minnesota mortgage consultants. Discover the benefits of mortgage refinancing, which could lead to savings of up to $1,000 a month. Central Mortgage Funding offers flexible loan terms to meet your needs, starting at ten years.

Why Central Mortgage Funding?

As a national mortgage lender, Central Mortgage Funding is dedicated to making homeownership affordable. We offer competitive mortgage rates without any upfront fees. Our team of dedicated mortgage consultants works diligently to tailor the right loan program to your financial goals. We’ve streamlined most of the lending process online for a quicker and more convenient experience.

We’re committed to more than just transactions. We’re always here to answer any mortgage-related questions post-closing and can assist with refinancing for better rates or cash-out options. We look forward to building a lifelong relationship with you!

Building Your Home Loan Together

To connect with a Minnesota mortgage consultant at Central Mortgage Funding, call (833) 302-1032. We specialize in customizing any loan in the industry to suit your needs, ensuring the best service, lowest rates, and fastest closings. Discover how simple the process of mortgage refinancing or purchasing a new home can be with us!

Central Mortgage Funding is an Equal Housing Lender; License #MN-MO-1699966.

Ready to talk?

Are you unsure on the path you should take to home ownership? Our Loan Specialists are here to help you through the entire process. They will find you the best term, and rate to fit your budget!