NMHL Mortgage Lending
Mortgage Lender in Blaine, MN
Local expertise and competitive rates for Blaine homebuyers.
Blaine Housing Market Overview
Blaine is a growing community in Minnesota offering diverse mortgage options for homebuyers. Contact NMHL for personalized Blaine mortgage rates and programs.
See What You Qualify For
Takes about 5 minutes. No obligation. No credit check until you are ready.
Your Local Mortgage Partner
We understand the local market dynamics that affect your home purchase. Our team provides personalized loan options based on local property values and regulations.
Available Loan Programs in Blaine
Explore mortgage options tailored to Blaine homebuyers
First Time Home Buyer Mortgages
Special loan programs helping newcomers purchase their first home with favorable terms and support.
Learn MoreRefi-Shield
Learn MoreAdjustable-Rate Mortgage (ARM)
Financial flexibility and optimal rates with an Adjustable-Rate Mortgage – Your key to a dynamic homeownership journey
Learn MoreHigh-Value Appraisal Program
Learn MoreInterest Only Mortgages
Interest-only mortgages allow borrowers to pay only the interest for a set period, reducing initial monthly payments.
Learn MoreHome Equity Loans
Access the equity in your home with a fixed-rate home equity loan. Get a lump sum with predictable monthly payments for ...
Learn MoreFHA Loans
Federal Housing Administration (FHA) loans are government-backed mortgages designed to help first-time homebuyers and th...
Learn MoreFixed-Rate Mortgage
Lock in your interest rate for the life of the loan with a fixed-rate mortgage. Predictable monthly payments make budget...
Learn MoreBridge Loans
Bridge the gap between buying your new home and selling your current one. Short-term financing that gives you the flexib...
Learn MoreVA Loans
VA loans are a benefit earned by veterans, active-duty service members, and eligible surviving spouses. Backed by the De...
Learn MoreConventional Loans
Conventional loans are not backed by government agencies and typically offer the most flexibility for qualified borrower...
Learn MoreITIN Loans
Purchase a home using your Individual Taxpayer Identification Number (ITIN) without a Social Security Number. NMHL is co...
Learn MoreJumbo Loans
Jumbo loans exceed conforming loan limits and are designed for luxury properties and homes in high-cost areas. With comp...
Learn MoreDSCR Investment Loans
Debt Service Coverage Ratio (DSCR) loans qualify based on rental income rather than personal income. Perfect for real es...
Learn MoreBank Statement Loans
Bank statement loans are designed for self-employed borrowers and business owners who have difficulty documenting income...
Learn MoreReverse Mortgages
For homeowners 62 and older, reverse mortgages allow you to access your home equity without monthly payments. Stay in yo...
Learn MoreUSDA Mortgages
USDA Rural Development loans help moderate-income buyers purchase homes in eligible rural and suburban areas. With no do...
Learn MoreHeloc
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Blaine Neighborhoods and Local Amenities
Blaine, Minnesota, is a vibrant community with a range of neighborhoods to choose from. The Oakwood neighborhood is a popular choice, with its tree-lined streets and community parks. Other neighborhoods, such as the Downtown area, offer a mix of older and newer homes, with easy access to local shops and restaurants. When choosing a neighborhood, consider factors like school districts, property taxes, and commute times.
- Oakwood neighborhood: known for its tree-lined streets and community parks
- Downtown area: a mix of older and newer homes, with easy access to local shops and restaurants
- Proximity to Blaine High School and other local schools
At NMHL, we understand the importance of local knowledge and can help you find the best neighborhood for your needs and budget.
Contact NMHL for more information on local neighborhoods and schools.
Minnesota Property Taxes and Homeownership Costs
Property taxes in Blaine, Minnesota, average approximately 1.10% of assessed value. This translates to manageable monthly costs when factored into your mortgage payment. For example, on a $350,000 home, you can expect to pay around $3,850 per year in property taxes. At NMHL, we can help you understand how property taxes will impact your mortgage costs and find ways to minimize your expenses.
Additional homeownership costs to consider include:
- Homeowners insurance
- Maintenance and repairs
- HOA fees (if applicable)
Our loan officers can help you factor these costs into your mortgage application and find a payment plan that works for you.
NMHL offers competitive interest rates and flexible terms to help you manage your mortgage costs.
First-Time Homebuyer Programs in Minnesota
Minnesota offers several first-time homebuyer programs to help make homeownership more affordable. The Minnesota Housing First-Time Homebuyer Program provides affordable financing options and down payment assistance. At NMHL, we can help you navigate these programs and find the best fit for your needs.
- Minnesota Housing First-Time Homebuyer Program: provides affordable financing options and down payment assistance
- Down payment assistance programs: available through NMHL and other local organizations
Our loan officers can help you explore these programs and find a mortgage that works for you.
Contact NMHL to learn more about first-time homebuyer programs and get pre-approved for a mortgage.
NMHL Programs for Underserved Borrowers in Blaine
At NMHL, we understand that not all borrowers have the same financial situation. That's why we offer a range of mortgage programs designed to meet the needs of underserved borrowers, including:
- FHA loans: for borrowers with lower credit scores
- VA loans: for eligible veterans and service members
- Specialty programs: for self-employed borrowers and those with unique financial situations
Our loan officers can help you explore these programs and find a mortgage that works for you. Contact us to discuss your options and get pre-approved.
Down Payment Assistance Programs in Minnesota
Down payment assistance programs can help make homeownership more affordable. In Minnesota, there are several programs available, including:
- Minnesota Housing Down Payment Assistance Program: provides up to 5% of the purchase price in down payment assistance
- NMHL Down Payment Assistance Program: offers up to 3.5% of the purchase price in down payment assistance
At NMHL, we can help you explore these programs and find a mortgage that works for you. Contact us to learn more and get pre-approved.
Frequently Asked Questions
The median home price in Blaine, Minnesota is approximately $350,000. Prices vary by neighborhood and property type. Contact NMHL for current market data and to get pre-approved for a mortgage.
NMHL offers FHA, VA, conventional, jumbo, and specialty mortgage programs in Blaine, Minnesota. Our loan officers can help you find the best program for your situation, including options for self-employed borrowers, veterans, and those with bad credit.
Property taxes in Blaine average approximately 1.10% of assessed value. This translates to manageable monthly costs when factored into your mortgage payment. For example, on a $350,000 home, you can expect to pay around $3,850 per year in property taxes.
Blaine has several desirable neighborhoods, including the Oakwood neighborhood, known for its tree-lined streets and community parks. The Blaine High School district serves many of these neighborhoods, offering quality education and amenities. Contact NMHL for more information on local neighborhoods and schools.
Minnesota offers several first-time homebuyer programs, including the Minnesota Housing First-Time Homebuyer Program, which provides affordable financing options and down payment assistance. NMHL can help you navigate these programs and find the best fit for your needs.
Yes, NMHL offers mortgage programs for borrowers with bad credit. Our loan officers can help you explore options, such as FHA loans or specialty programs, to find a mortgage that works for you. Contact us to discuss your credit situation and get pre-approved.
Related Resources
Ready to Buy in Blaine?
Let NMHL help you navigate the Blaine housing market with expert guidance and competitive rates.