Your Bloomington, Minnesota mortgage experts
Your Future Our Focus
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- monday: 8:00AM – 5:00PM
- tuesday: 8:00AM – 5:00PM
- wednesday: 8:00AM – 5:00PM
- thursday: 8:00AM – 5:00PM
- friday: 8:00AM – 5:00PM
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- Purchase
- Refinance
We’ll be with you every step of the way
The mortgage industry is driven by a consumer service culture. As the Maple Grove, MN branch of America’s #1 Retail Mortgage Lender, our vision is to lead this development process. We not only offer extensive knowledge of home financing, but a commitment to honesty, integrity, and sensitivity to every client we serve.
Our customer service culture will be expected, integrated, and promoted throughout every level of our organization – and no deviation from this high ideal will be accepted.We are certain that each one of our customers do, and will continue to, receive the very best in service. We have set the goal and continually strive to reach 100% customer satisfaction. This is not only our vision and mission but our promise to all.
Guides and resources
How much will my mortgage payment be?
This calculator is being provided for educational purposes only. The results are estimates based on information you provided and may not reflect CrossCountry Mortgage, LLC product terms. The information cannot be used by CrossCountry Mortgage, LLC to determine a customer’s eligibility for a specific product or service.
Inspiration for your home loan journey
Troy’s testimonials
Meet our team
Randy Emerson
- Mortgage Loan Originator
- NMLS #339178
- 7760 France Ave. S
- Suite 1010
- Bloomington, MN 55435
- [email protected]
- mobile 612-801-1300
- tel 612-230-0468
- fax 612-230-0467
Our support staff
Dawn Emerson
Loan ProcessorMy social posts
Frequently asked questions
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Refinancing costs typically range from 2% to 6% of the loan amount and include fees such as appraisal, title insurance, and closing costs. Factors like your loan type, location, and credit score can significantly impact these expenses. Our team can help to provide strategies that can help minimize costs.
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To determine how much home you can afford, you’ll want to assess your financial situation. This includes your income, expenses, and debt-to-income ratio, to ensure your mortgage fits comfortably within your budget. A general guideline is to spend no more than 28% of your gross monthly income on housing costs and 36% on total debt.
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A good credit score typically starts at 620 for conventional loans, while FHA and VA loans may accept scores as low as 500, though higher scores offer better terms. A strong credit score can help you secure lower interest rates, saving you significant money over the life of a home loan.
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A Home Equity Line of Credit (HELOC) is a revolving line of credit that allows homeowners to borrow against the equity in their home. HELOCs function like a credit card, giving access to funds up to a set limit, which can be used for expenses like renovations or debt consolidation. You only pay interest on the amount you borrow, and the repayment terms typically include a draw period followed by a repayment period.
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To calculate your mortgage payments, start with your loan amount, interest rate, and loan term. Your payment will depend on the interest charged over time and the repayment schedule. You can use a monthly mortgage payment calculator or connect with us to learn more.