Minnesota first time home buyer mortgages

Buying a home and applying for a mortgage loan go hand in hand.  As a first time home buyer, you may not be familiar with the world of mortgages.  On this page, you will find information and tools to help you learn more about the mortgage that will make it possible for you to own your first home.

 

Mortgage Terms Glossary

Mortgage Calculator

This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.

Purchase & Financing Information
Sale Price of Home: (In Dollars)
Percentage Down: %
Length of Mortgage: years
Annual Interest Rate: %
Explain Calculations: Show me the calculations and amortization
 


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The loan officers that we work with are experts in first time home buyer loans.  Complete the form below and we will get you in contact with the best of the best!

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