We offer long-term options with fixed rates for the lowest monthly payments possible. Low down payment options available with certain income restrictions. Manufactured homes eligible (certain restrictions apply).

USDA rural development mortgages are the most common utilized mortgage program in northern and central MN They are a great first-time home buyer mortgage.

Key Factors

• No down payment required
• One-time guarantee fee paid at closing or can be rolled into the loan
• Seller-paid closing costs are allowed
• No reserve requirement
• Primary homes only
• Income restrictions apply

Ineligible Factors

• Buildings designed or to be used as
• income producing
• Grain bins, silos, dairy/hog barns, farm service buildings
• Commercial/industrial buildings,
• duplexes, converted rentals

An FHA loan is a mortgage loan insured by the Federal Housing Administration (FHA), allowing banks to offer a more favorable rate to consumers.

Key Factors

• Low down payments
• Low closing costs
• Seller-paid closing costs allowed
• Flexible credit standards
• Available to all income levels
• Manufactured homes eligible (certain restrictions apply)
• Allows a co-applicant to help you qualify even if the person doesn’t live in the home
• Requires upfront and monthly FHA mortgage insurance premiums

Loan to help with new construction or to purchase and improve property.

Key Factors

• Up to 1-year line of credit with interest-only payments, paid monthly
• Can include manufactured homes (certain restrictions apply)
• Can include shed or other outbuilding
• Have the option to DIY or hire a contractor
• Refinancing available after one year or after completion of project

Minnesota Housing is a trusted state agency that works with local lenders to provide affordable home improvement loans. Learn more or apply for a Fix-Up loan now

If you or your spouse is a veteran of the US military you may qualify for a VA Home Loan, offering more resources and favorable terms.

Looking to purchase hunting land, a family lake lot, or land for future building? Whatever your land needs are, we can help finance it.

We offer numerous refinancing options. Whether you want to lower your current interest rate or use the equity in your home to consolidate debt, we have options. Please speak with a lender to see what options fit your needs.

Use your home’s equity to make updates to your house or buy a car, take a vacation, or consolidate bills. Fixed rates. A very popular credit line for established homeowners.

Do you own at least 25% of your home? You may qualify for a line of credit using your home’s equity (the amount you would reap if you sold your house today) as collateral.

A single loan application gives you a source of ongoing credit (terms of 36 or 60 months, that you may opt to renew) for things you need now.

You can use a HELOC for:

• home improvements
• bill consolidation
• family vacation
• or any personal expenses

Speak to a lender to discuss your situation and find a program that fits your needs.