Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the Minnesota before hiring.
Showing 8 mortgage lenders in Faribault, MN
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Reliance Bank
2300 30th St NW, Faribault, MN 55021
5073312493
Chris Bednar at CrossCountry Mortgage
315 Central Ave N, Faribault, MN 55021
5073349465
Community Resource Bank
430 4th St NW, Faribault, MN 55021
5073342201
Tina Gjerald & Tammy O'Malley at Rate (NMLS #331972)
1941 Cardinal Ln Suite C, Faribault, MN 55021
5075137123
Guaranteed Rate
1941 Cardinal Ln STE C, Faribault, MN 55021
6125184297
American Portfolio Mortgage Corporation
1645 Lyndale Ave N #102, Faribault, MN 55021
5072482709
Tammy O'Malley at Rate (NMLS #1277935)
1941 Cardinal Ln Suite C, Faribault, MN 55021
5075137124
Wells Fargo Home Mortgage
104 5th St NW, Faribault, MN 55021
5073326349
What Does a Mortgage Lender in Faribault Cost?
Typical costs for a mortgage in Minnesota include an origination fee of 0.5% to 1% of the loan amount, an appraisal fee of $400 to $700, and title insurance of $1,000 to $2,000. Closing costs generally range from 2% to 5% of the purchase price. This is general information, not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What documents do I need to apply for a mortgage in Faribault?
You will need pay stubs, W-2 forms, tax returns, bank statements, and proof of identification. Minnesota lenders may also require a credit report and a property appraisal.
How long does it take to close on a mortgage in Minnesota?
The typical closing process in Minnesota takes 30 to 45 days from application. Minnesota law allows a three day rescission period for refinances but not for purchase loans.
Are there special mortgage programs for first time home buyers in Minnesota?
Yes, Minnesota Housing offers the Start Up program with low fixed rates and down payment assistance for eligible first time buyers. Faribault residents may also qualify for local down payment assistance grants.