Compare Mortgage Lenders in Rochester, MN
Directory of mortgage lenders in Rochester, Minnesota. Verify credentials with the state state mortgage licensing authority before hiring.
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
State Mortgage Licensing Authority of Minnesota before hiring.
Showing 19 mortgage lenders in Rochester, 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.
What Does a Mortgage Lender in Rochester Cost?
Typical costs for a mortgage lender in Minnesota include an origination fee of 0.5% to 1% of the loan amount, an appraisal fee of $400 to $700, and a credit report fee of $30 to $50. Closing costs in Minnesota generally range from 2% to 5% of the purchase price. These fees vary based on the lender, loan type, and property value. This is general information and 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 Rochester Minnesota?
You typically need pay stubs from the last 30 days, W-2 forms from the last two years, tax returns, bank statements, and a valid ID. Minnesota lenders may also request proof of any rental history or additional assets.
How long does the mortgage process take in Minnesota?
The full process from application to closing usually takes 30 to 45 days. Minnesota law requires a three business day review period after you receive the Closing Disclosure before you can sign final papers.
Are there special mortgage programs for first time home buyers in Minnesota?
Yes, the Minnesota Housing Finance Agency offers programs like the Start Up loan with a low down payment and reduced mortgage insurance. Local Rochester lenders can help you see if you qualify for these state specific options.