Mortgage Broker in Mora, MN

Visit or call the Mora office

Address

2244 MN-65, Suite A, Mora, MN 55051

Hours

Mon–Fri, 8:00 AM – 4:00 PM. Closed weekends.

Phone

(320) 200-5126

Email

support@mydmf.com

View the office on Google Maps or get directions. Suite A is the Davis Monroe Financial LLC office; it shares the building at 2244 MN-65 with other businesses.

Loans we place

We place purchase and refinance loans through the wholesale lenders on our panel. Availability of any specific program depends on the lender and your qualification.

• Conventional loans
• FHA loans
• VA loans
• USDA loans
• Jumbo loans
• Refinancing, rate-and-term and cash-out
• Second mortgages: home equity loans and HELOCs

Where we work

Our office is in Mora, the county seat of Kanabec County. We serve borrowers throughout Minnesota, including nearby communities such as Ogilvie, Cambridge, Pine City, Hinckley, Milaca, Princeton, North Branch, Rush City. You do not need to live near the office to work with us; much of the process can happen by phone, email and secure online application.

Financing a home in east-central Minnesota

Homes outside town limits often raise questions that city purchases do not. These are the ones worth checking early. Each is decided by the agency, the investor or the lender, not by us; our job is to find out how the lenders on our panel treat your property before you are deep into the process.

• Rural addresses and USDA. USDA Rural Development decides which addresses are eligible for its guaranteed loan program, and it also sets household income limits. Check the specific address on USDA's eligibility site. See USDA loans in Minnesota.
• Wells and septic systems. FHA, VA and USDA property standards address water supply and waste systems, and lenders may ask for a water test or septic inspection before closing. See what VA minimum property requirements cover.
• Acreage and outbuildings. Lenders and investors set their own limits on acreage, outbuildings and agricultural use, and the appraiser and lender decide how much of a property's value counts toward the loan.
• Cabins and lake homes. Lenders require the home to be suitable for year-round occupancy, so a cabin that can only be used seasonally generally will not qualify. A cabin that meets that standard can be financed as a second home or as investment property depending on how you will use it, and lenders treat those occupancy types differently.
• Title. Minnesota uses both abstract and Torrens title systems, which can change what the title company needs before closing. See title problems that delay Minnesota closings.

Why work with a mortgage broker

A loan officer at a bank or other lender often works for that one lender and offers its loan programs. As a mortgage broker, we work with multiple wholesale lenders. With one application, we compare the programs and pricing available to you across our panel and submit your file to the lender whose program fits your situation. That lender makes the credit decision and funds the loan. We can't promise a particular rate or outcome.