The Mankato housing market is experiencing steady growth, with a mix of new developments and historic homes. The median home price of $240,000 reflects the area's desirability and affordability. As a borrower in Mankato, it's essential to stay informed about local market conditions to make the best decisions when buying or refinancing a home.

NMHL's team of experts is committed to providing personalized guidance and support throughout the mortgage process. Our knowledge of the Mankato market and access to a wide range of mortgage programs ensure that borrowers receive the best possible solutions for their unique situations.

Mankato has several charming neighborhoods to choose from, each with its unique character and amenities. Some popular areas include:

• North Mankato: Known for its historic homes and scenic views of the Minnesota River.
• Eagle Lake: A growing community with new developments and easy access to outdoor recreation.
• Janesville: A quaint town with a strong sense of community and affordable housing options.

Our loan officers can help you explore the best neighborhoods for your lifestyle and budget.

Property taxes in Mankato average approximately 1.12% of assessed value. This translates to manageable monthly costs when factored into your mortgage payment. It's essential to consider property taxes when calculating the total cost of homeownership in Mankato.

NMHL's loan officers can help you understand how property taxes impact your mortgage payment and explore options for minimizing your tax burden.

The Mankato area is served by several school districts, including Mankato Public Schools and St. Peter Public Schools. These districts offer a range of educational programs and extracurricular activities for students.

NMHL's loan officers understand the importance of school districts in determining home values and can help you explore neighborhoods with top-rated schools.

NMHL offers various first-time homebuyer programs in Mankato, including FHA loans with 3.5% down payment requirements and VA loans with zero down payment options. Additionally, Minnesota Housing Finance Agency (MHA) provides programs like the Mortgage Credit Certificate (MCC) and the Minnesota Down Payment Assistance Program.

Our loan officers can help you explore these options and find the best fit for your situation.

NMHL is committed to serving underserved borrowers in Mankato, including those with bad credit, self-employed individuals, and veterans. We offer a range of specialty mortgage programs designed to meet the unique needs of these borrowers.

Our loan officers can help you explore options for bad credit mortgages, self-employed loans, and VA loans with favorable terms.