St. Croix Home Loans is a locally owned and operated mortgage company based out of Stillwater, Minnesota. Our business model is to make the mortgage finance process clear, understandable and less cumbersome for our customers while yielding lower interest rates with more flexibility. As a Minnesota mortgage broker, we act as a middleman between you and potential lenders.
Our job is to work on your behalf with multiple banks to find the best mortgage lenders who best fit your needs with the lowest rates. We have extensive experience financing a variety of Minnesota home loans, including conventional mortgages, FHA mortgages, reverse mortgages, jumbo loans, VA loans and USDA mortgages. Because we're a mortgage broker, we can compare wholesale mortgage rates from a large number of banks and lenders all at once to lock in the lowest rate available.
Because we work with numerous banks and lenders, we can provide more mortgage options and flexibility for our customers. Highly experienced working with multiple banks and lenders to provide the best mortgage in the least amount of time.
Our job is to work on your behalf with multiple banks to find the best mortgage lenders who best fit your needs with the lowest rates. We have extensive experience financing a variety of Minnesota home loans, including conventional mortgages, FHA mortgages, reverse mortgages, jumbo loans, VA loans and USDA mortgages. Because we're a mortgage broker, we can compare wholesale mortgage rates from a large number of banks and lenders all at once to lock in the lowest rate available.
Because we work with numerous banks and lenders, we can provide more mortgage options and flexibility for our customers. Highly experienced working with multiple banks and lenders to provide the best mortgage in the least amount of time.
Services
Save time and avoid delays by having the following information available when it comes time to submit paperwork.
Copy of Purchase Sales contract or Offer to Purchase and all addenda (signed by buyer and seller).
If you are NOT a US citizen, provide a copy of your Green Card (front & back), if you are NOT a permanent resident provide a copy of your H-1 or L-1 Visa.
That being said, pre-qualification is not as useful as pre-approval.
Pre-approval requires a more rigorous process, including verification of your credit, income, assets and liabilities.
Copy of Purchase Sales contract or Offer to Purchase and all addenda (signed by buyer and seller).
If you are NOT a US citizen, provide a copy of your Green Card (front & back), if you are NOT a permanent resident provide a copy of your H-1 or L-1 Visa.
That being said, pre-qualification is not as useful as pre-approval.
Pre-approval requires a more rigorous process, including verification of your credit, income, assets and liabilities.
A standardized method of calculating mortgage cost, at a yearly rate, which includes mortgage interest, mortgage insurance and mortgage points associated with the loan.
A Balloon Mortgage loan offers lower monthly payments for a specific period of time, which usually between three and ten years.
After that time period is over, borrowers pay off the principal balance in a single lump sum, or balloon payment.
Many borrowers either sell their homes or refinance the loan before the balloon payment due date.
A Balloon Mortgage loan offers lower monthly payments for a specific period of time, which usually between three and ten years.
After that time period is over, borrowers pay off the principal balance in a single lump sum, or balloon payment.
Many borrowers either sell their homes or refinance the loan before the balloon payment due date.
St. Croix Home Loans is a Minnesota mortgage broker, which means we work with dozens of Minnesota mortgage lenders.
Our job is to present your application to multiple lenders and present you with the optimal loan with the most competitive rate available.
We've brokered many types of mortgages, from conventional, FHA, VA and USDA to Jumbo and Reverse mortgages.
Below is a brief overview of the loans we broker most often.
A Conventional Mortgage, or just a standard mortgage, is any mortgage which isn't insured or guaranteed by a government agency such as HUD/FHA, VA, or the Farmers Home Administration.
Our job is to present your application to multiple lenders and present you with the optimal loan with the most competitive rate available.
We've brokered many types of mortgages, from conventional, FHA, VA and USDA to Jumbo and Reverse mortgages.
Below is a brief overview of the loans we broker most often.
A Conventional Mortgage, or just a standard mortgage, is any mortgage which isn't insured or guaranteed by a government agency such as HUD/FHA, VA, or the Farmers Home Administration.
It's not uncommon for consumers to be confused about the term "mortgage broker", it's often confused or directly associated with a "mortgage lender".
The traditional mortgage landscape has been for banks and other lenders to sell their own loan products.
As markets for mortgages have become more competitive, however, the demand for Minnesota mortgage brokers has increased.
Mortgage brokers work with many banks who compete for your business and offer the best possible mortgage rate.
Mortgage lenders offer just one rate, which is that of the bank they work for (Wells Fargo, US Bank, Bank of America etc.).
The traditional mortgage landscape has been for banks and other lenders to sell their own loan products.
As markets for mortgages have become more competitive, however, the demand for Minnesota mortgage brokers has increased.
Mortgage brokers work with many banks who compete for your business and offer the best possible mortgage rate.
Mortgage lenders offer just one rate, which is that of the bank they work for (Wells Fargo, US Bank, Bank of America etc.).
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