September Mortgage Bulletin
From LaPorte Group Mortgage — Your Local Home Loan Experts
Market Update
Mortgage Rates: Rates remain steady in the mid-to-high 6% range for most conventional loans. FHA and USDA loans continue to offer slightly lower options for qualified buyers.
Housing Trends: Fall is historically a strong time to buy — less competition than summer and motivated sellers before winter.
Program Highlights
USDA Loans: 0% down payment available for qualifying rural properties — a great option across Minnesota and Iowa.
FHA Loans: Flexible credit requirements — minimum scores starting around 580.
Conventional Loans: As little as 3% down for first-time buyers.
Seller-Paid Closing Costs: Did you know sellers can contribute up to 6% of the purchase price toward closing costs? This can save buyers thousands at the closing table.
Tips for Buyers & Homeowners
Fall Maintenance: Clean gutters, check your furnace, and seal cracks before the cold weather sets in — helps protect your home value.
Thinking of Refinancing? Even with today’s rates, consolidating debt or removing PMI can make sense. Let’s run the numbers for you.
Credit Check: Planning to buy this fall or winter? Now is the time to review your credit and get pre-approved.
Why Choose LaPorte Group Mortgage?
Local to Southern Minnesota, but licensed and serving the entire states of Minnesota and Iowa.
Access to multiple lenders to find the best fit for your situation.
Fast, personal pre-approvals so you can shop with confidence.
Contact Us Today
507-847-4466
laportegroup.net
Serving All of Minnesota & Iowa
LaPorte Group Mortgage — Guiding You Home