NMHL Mortgage Lending
Mortgage Lender in Saint Paul, MN
Local expertise and competitive rates for Saint Paul homebuyers.
Saint Paul Housing Market Overview
Explore mortgage options in Saint Paul, MN with NMHL. Our local expertise helps you navigate the Saint Paul 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 Saint Paul
Explore mortgage options tailored to Saint Paul 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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Navigating Saint Paul's Housing Market
Saint Paul's housing market is characterized by a mix of historic and modern homes, with a median home price of around $240,000. The city offers a range of neighborhoods to suit different lifestyles and preferences. From the scenic views of Summit Hill to the vibrant nightlife of Downtown West, there's something for everyone in Saint Paul.
As a borrower, it's essential to understand the local market conditions and trends. NMHL's mortgage specialists are knowledgeable about the Saint Paul housing market and can help you navigate the process. We offer a range of loan programs, including conventional, FHA, VA, and USDA loans, to suit different borrower needs.
Get pre-approved for a mortgage with NMHL today and take the first step towards homeownership in Saint Paul.
Popular Neighborhoods in Saint Paul
Saint Paul has a diverse range of neighborhoods, each with its unique character. Some of the most popular areas include:
- Summit Hill: Known for its historic homes and scenic views.
- Downtown West: A vibrant neighborhood with modern condos and a lively nightlife.
- Frogtown: A rapidly revitalizing neighborhood with a mix of old and new housing stock.
- Hamline-Midway: A charming neighborhood with a strong sense of community.
NMHL's local expertise can help you navigate these neighborhoods and find the best mortgage options for your chosen area.
Contact NMHL to discuss your mortgage options and get pre-approved for a loan.
Property Taxes in Saint Paul
Property taxes in Saint Paul are calculated based on the property's estimated market value and the local tax rate. The average effective property tax rate in Saint Paul is around 1.23%. As a homeowner, you'll need to consider these taxes when budgeting for your mortgage payments.
NMHL can help you understand how property taxes impact your mortgage and overall cost of homeownership. Our mortgage specialists can also help you explore loan programs that factor in property taxes, such as escrow accounts.
Don't forget to factor in property taxes when calculating your mortgage payments.
School Districts and Home Values in Saint Paul
The Saint Paul Public Schools district serves the city, with several highly-rated schools and programs. Homebuyers often consider the quality of local schools when choosing a neighborhood. NMHL's local expertise can help you understand how school districts impact home values and mortgage options.
In Saint Paul, you'll find a range of school districts, including the Saint Paul Public Schools district and several charter schools. Our mortgage specialists can help you navigate the local education landscape and find the best mortgage options for your needs.
Research local schools and school districts when choosing a neighborhood in Saint Paul.
First-Time Homebuyer Programs in Minnesota
Minnesota offers a range of programs to support first-time homebuyers, including the Minnesota Housing Finance Agency's (MHFA) First Time Homebuyer Program. This program offers down payment assistance and competitive interest rates to eligible borrowers.
NMHL also offers specialized loan programs for first-time homebuyers, including FHA loans with down payments as low as 3.5%. Our mortgage specialists can help you navigate these options and find the best fit for your situation.
Take advantage of first-time homebuyer programs in Minnesota to achieve your homeownership goals.
Frequently Asked Questions
Mortgage rates in Saint Paul vary depending on the loan program and your borrower profile. At NMHL, we offer competitive rates starting from 6.5% APR for a 30-year fixed loan. Contact us for a personalized rate quote and to discuss your mortgage options.
First-time homebuyers in Saint Paul can take advantage of programs like the Minnesota Housing Finance Agency's (MHFA) First Time Homebuyer Program, which offers down payment assistance and competitive interest rates. NMHL also offers specialized loan programs, including FHA loans with down payments as low as 3.5%. Our mortgage specialists can help you navigate these options and find the best fit for your situation.
Property taxes in Saint Paul are calculated based on the property's estimated market value and the local tax rate. The average effective property tax rate in Saint Paul is around 1.23%. As a homeowner, you'll need to consider these taxes when budgeting for your mortgage payments. NMHL can help you understand how property taxes impact your mortgage and overall cost of homeownership.
While bad credit can make it more challenging to secure a mortgage, NMHL offers loan programs designed for borrowers with less-than-perfect credit. Our specialists can help you explore options like subprime loans or alternative credit scoring. We consider a range of factors beyond just credit score, including income, employment history, and debt-to-income ratio.
Saint Paul has a diverse range of neighborhoods, each with its unique character. Popular areas include Summit Hill, known for its historic homes and scenic views; Downtown West, with its modern condos and vibrant nightlife; and Frogtown, a rapidly revitalizing neighborhood with a mix of old and new housing stock. NMHL's local expertise can help you navigate these neighborhoods and find the best mortgage options for your chosen area.
Down payment assistance programs in Saint Paul, such as the City of Saint Paul's Downpayment Assistance Program, offer grants or matching funds to help with down payment and closing costs. To qualify, you'll typically need to meet income limits, complete homebuyer education, and occupy the property as your primary residence. NMHL can help you explore these programs and determine your eligibility.
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Ready to Buy in Saint Paul?
Let NMHL help you navigate the Saint Paul housing market with expert guidance and competitive rates.