NMHL Mortgage Lending
Mortgage Lender in Eagan, MN
Local expertise and competitive rates for Eagan homebuyers.
Eagan Housing Market Overview
Explore mortgage options in Eagan, MN with NMHL. Our local expertise helps you navigate the Eagan real estate market with competitive rates and personalized service.
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 Eagan
Explore mortgage options tailored to Eagan 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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Eagan Neighborhoods and Housing Trends
Eagan's neighborhoods offer a range of housing options, from modern apartments to family-friendly single-family homes. Popular areas include the Eagan Town Center, Cedar Grove, and the Highlands. The city's housing market is characterized by steady appreciation, with a 5% annual increase in median home prices over the past year.
- Growing Neighborhoods: The Eagan Town Center and surrounding areas are experiencing significant growth, driven by new developments and amenities.
- Family-Friendly Areas: Neighborhoods like the Highlands and Cedar Grove are popular with families due to their highly-rated schools and community parks.
NMHL's local expertise can help you navigate Eagan's neighborhoods and find the best mortgage options for your needs.
Mortgage Options for Eagan Borrowers
NMHL offers a range of mortgage programs tailored to Eagan borrowers, including conventional, FHA, VA, and USDA loans. Our team can help you determine the best fit for your financial situation and homebuying goals.
For first-time homebuyers, we offer specialized programs with lower down payment requirements and competitive interest rates. Self-employed borrowers can benefit from our alternative income verification options, while veterans can access exclusive VA loan benefits.
Contact NMHL today to explore your mortgage options and get pre-approved for your Eagan home purchase.
Down Payment Assistance in Eagan
Eagan borrowers can access several down payment assistance programs to help with the upfront costs of homebuying. The City of Eagan's Homebuyer Assistance Program provides up to $10,000 in assistance, while the Minnesota Housing Finance Agency offers additional resources.
NMHL can help you navigate these programs and determine your eligibility. Our team will work with you to identify the best down payment assistance options and guide you through the application process.
Don't let down payment costs hold you back from achieving your homeownership dreams. Explore your options with NMHL today.
Why Choose NMHL for Your Eagan Mortgage?
At NMHL, we're committed to providing Eagan borrowers with personalized service, competitive rates, and a range of mortgage options. Our local expertise and knowledge of the Eagan housing market make us the ideal partner for navigating the mortgage process.
With NMHL, you can access a dedicated team of mortgage professionals who will guide you through every step of the homebuying process, from pre-approval to closing.
Get started with NMHL today and take the first step towards homeownership in Eagan.
Frequently Asked Questions
The average effective property tax rate in Eagan is 1.23%, which translates to approximately $4,182 in annual property taxes for a $340,000 home. This rate is slightly higher than the statewide average. NMHL can help you factor property taxes into your mortgage planning and explore options for managing these costs.
Eagan is served by several highly-rated school districts, including Eagan High School and Dakota Highlands Elementary. Homes located within these districts tend to command higher prices due to the quality of local education. NMHL can provide insights on how school district boundaries may impact your home's value and mortgage options.
Minnesota offers several programs for first-time homebuyers, including the Minnesota Housing Finance Agency's (MHFA) First Time Homebuyer Program, which provides competitive interest rates and down payment assistance. NMHL can help you navigate these programs and determine your eligibility.
While traditional mortgage lenders may have strict credit score requirements, NMHL offers alternative options for borrowers with less-than-perfect credit. Our bad credit mortgage programs can help you qualify for a mortgage even with a credit score as low as 580. Contact us to discuss your credit situation and explore available options.
Eagan borrowers can access several down payment assistance programs, including the City of Eagan's Homebuyer Assistance Program, which provides up to $10,000 in down payment and closing cost assistance. NMHL can help you explore these programs and determine which ones you may be eligible for.
NMHL's pre-approval process is designed to be quick and efficient. In most cases, you can receive pre-approval within 24-48 hours of submitting your application. Our team will work with you to gather necessary documentation and provide a pre-approval letter to help you navigate the Eagan housing market with confidence.
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Ready to Buy in Eagan?
Let NMHL help you navigate the Eagan housing market with expert guidance and competitive rates.