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Buy Minnesota Lake Property

lake cabin in Minnesota

Sun, sand, boating, fishing. If you see yourself relaxing or retiring at a lake in Minnesota and want to make that dream a reality, contact your American Federal Banker to learn more.

What should I consider when purchasing a lake property in Minnesota?

  • On a second residence, homeowners who need financing use a conventional mortgage for purchasing lake property.
  • A conventional home loan may only require a 10% down payment.
  • Homeowners often tap into the equity of their first home to secure financing for lake property.