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100 Warren Street, Suite 313 Mankato, MN 56001 Mobile (507) 380-0780 Tel (507) 387-5626 [email protected]
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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
Habib Sadaka
I’ll be with you every step of the way
Hi, I’m Habib Sadaka! As a loan officer with over 15 years of experience, I have personally closed over 1,000 loans. In the process, I’ve helped hundreds of clients achieve their financial goals and build wealth through real estate. In 2019, I ranked #15 on the Scotsman Guide’s Top Originators list for Most Loans Closed. I’ve also been recognized as a Platinum-Level Top Producing Lender with the Minnesota Housing Finance Agency. Becoming a VA Loan Specialist has allowed me to assist even more members of our Mankato, MN community, specifically the men and women of our Armed Forces.
I know that every mortgage experience is unique, which is why I take great care in guiding my clients through the process of financing their homes. My primary focus is making the mortgage process efficient and painless.
If you value communication, honesty, and transparency in your financial transactions, The Habib Sadaka Team is ready to help you achieve your real estate dreams with America’s #1 Retail Mortgage Lender.
Habib’s testimonials
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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
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.