Let us help you pick the best mortgage loan from our many options

St Paul, MN: Our first time home buyer programs are designed to assist those buying a home for the first time. Our loan specialist will walk you through the entire home buying process to insure that you never feel without an experienced helping hand.


Mortgage loan programs like FHA Loans, VA Loans, FHA 203k Loans, USDA Rural Development, and down payment assistance loans of all kinds are designed to make it a little easier for first time home buyers to achieve the dream of home ownership.


We are a top lender in MN, SD, and WI for all these mortgage loan programs.


Picking a Mortgage Loan Program:


Many first time buyers are told by their Realtor, friends, family members, or read online about a mortgage program they think may be good for them, or a loan program they may qualify for. They may be right... But we think it is prudent to let our highly trained, and fully licensed Loan Officer review your full information, then professionally zero in on the best programs for your individual situation.


FHA Loans:


The very popular FHA Loan only requires 3.50% of the purchase price for down payment. This money can be your own money, a gift from a family member, combined with a down payment assistance loans, or a combination of all these options. FHA loans are federally insured loans that allow anyone from great credit to weaker credit to obtain a mortgage and become a homeowner. The seller can pay your closing costs, so all you really need is just your down payment.


VA Loans:


We love VA loans. They offer zero down payment, and closing costs can be rolled into the loan, making for 100% financing. Of course VA Loans are only for active and former military personal. You need your VA Certificate of Eligibility, but in most cases, we can get that for you. In addition to no down payment, VA home loans have the added benefit of not requiring PMI (private mortgage insurance), which amounts to a HUGE savings over other loans.


USDA Rural Development Loans:


Rural Development home loans are for those looking to buy in rural areas of MN, WI, and SD.  You don't have to live in a cornfield, but they can not be used in major cities like St Paul or Minneapolis.


USDA rural housing loan program allows qualified homebuyers to get loans with no down payment. The purpose of this loan program is to enable eligible low and moderate income (up to 115 percent of the Area Median Family Income) rural residents to acquire modestly priced housing for their own use as a primary residence. The Rural Development Housing Loans also have flexible credit standards, expanded qualifying ratios, no maximum purchase price limits and generous income limits. Closing costs can be rolled into the loan too.


MHFA - Down Payment Assistance from The Minnesota Housing Finance Agency.


Down payment Assistance with MHFA loansDown Payment Assistance programs, like Start Up and Step Up will provide you with down payment assistance in MN. Many people qualify for $3000 - $5000 worth of down payment assistance. Some people, even more! Call today to see if you qualify for assistance.




Seen a Homepath Eligible sign?

This means special financing for Fannie Mae foreclosed homes. Buy these homes with as little as 3% down if you are going to live in the home, or just 10% down for investors. There is No appraisal needed, and No mortgage insurance. Contact us for more details and a list of HomePath homes for sale in your area.


Standard Conventional Loans:


Your plain vanilla everyday loan. Available in fixed, adjustable, and any loan term from 8-years to 30-years, with the 30-year fixed being the most popular. Conventional loans need at least 5% down payment. Also available for buying or refinancing second homes and investment properties.


Purchase or Refinance Mortgage Loans:


All of these loans are available for buying a home, or refinancing your existing home. FHA and VA both offer a streamline refinance with reduced documentation, and the possibility of no appraisal.


No Down Payment Mortgage Loans:


No down payment home loans enable those who have not been able to save for a down payment to realize the dream of home ownership. We offer two mortgage programs with no money down 100% financing, and another program that requires only 3.5% down for all Minnesota, South Dakota, and Wisconsin residents.



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USDA, VA and FHA Approved Lender:  

VA Lender, FHA Lender, USDA Lender in MN

We are a USDA, VA and FHA Approved Lending Institution. While we are an approved lender, we are not part of HUD, FHA, The United States Government, the Department of Veteran Affairs, or the United States Department of Agriculture. We are not acting on behalf of, or under the direction of HUD/FHA or the Federal Government. FHA and VA do not lend directly to the public, only through approved lending institutions like Cambria Mortgage.