MMCDC offers competitive rates and a variety of mortgage options, including:
- Fixed-rate loans for predictable payments
- USDA loans with low down-payment options
- MMCDC Rural Down-payment Loans in Minnesota
- HOMe down-payment loans in Becker County, Minnesota
Prequalification
Prequalifying is the first step to homeownership! To make this process easier, it is a good idea to compile the following required financial information:
- Monthly payments and monthly income
- Most recent pay stubs covering the last 30 days
- Complete tax returns for the past two years
- Bank statements of all checking, savings and asset accounts from the last two months
A fee of $50 will also be required for the lender to access your credit report.
Do not send sensitive or confidential data to staff emails via the website.
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Current Rates
USDA – Rural Development:
30 yr: 6.500%
Conventional:
30 yr: 7.990%
DATE: April 26, 2024
Run the numbers with our loan calculator
Rates, points and programs are subject to change at any time and are not disclosed to extend as defined by Regulation Z.
