Conventional Fixed Rate Mortgages
A mortgage not insured by FHA or guaranteed by the VA.
Offer the same interest rate, monthly principal and interest payment throughout the entire term of the loan.

Adjustable Rage Mortgages (ARMs)
Features an interest rate that periodically adjusts with changing market rates.
Interest rates and the degree in which they fluctuate at the end of every adjustment period are determined by index, margin and rate cap.

Balloon Note Mortgages
Has a fixed rate for three to seven years, followed by a "balloon" payment requiring repayment of the entire loan balance.
Payments can be amortized up to 30 years.

FHA Home Loans
Low down payment loan (approximately 3%) with flexible qualifying guidelines.
Loans are insured by the Federal Housing Administration (FHA). (www.hud.gov)
Loan is assumable by the next owner when you sell your home.

VA Home Loans
Low or no down payment loan with easy qualifications in regards to credit and income.
Guaranteed by the Department of Veterans Affairs. (www.homeloans.va.gov)
Restricted to individuals qualified by military service or other entitlements.
Loan is assumable by the next owner when you sell your home

Minnesota First Time Home Buyers
Low interest rate loans through Minnesota Housing Finance Agency, (www.mhfa.state.mn.us) which make it possible for you to buy your first home.

Must be a first-time homebuyer (or not have owned a home in the last 3 years).
Your income must not exceed the MHFA eligibility income guidelines.
Funds are available for downpayment and closing costs.

Construction
A short term interim loan to pay for the construction of building a home.
Designed to provide disbursements through the course of construction to the contractor or homeowner.

Construction to Permanent
Customers building a home have the flexibility of one mortgage loan.
Saves time and money by combining construction financing and permanent mortgage financing costs into a single transaction
The advantage of this loan is that there is only one set of closing costs, you do not have to pay closing cost twice!

Lake Home/Cabins
Loans to purchase or refinance a second or vacation home.

Home Equity Loans
Use the equity in your home to make home improvements, purchase a vehicle, pay college tuition or for almost any other purchase
Your interest may be tax deductible (consult your tax advisor).

Home Equity Line of Credit
A line of credit secured by the equity in your home to be used for a variety of expenses or purchases.
Your interest may be tax deductible (consult your tax advisor).

Home Improvement Loans
Loan for improvements to your home.
Variety of different options for home improvements loans: home equity loans, home equity line of credit, FHA Title I or Minnesota Housing Finance Agency - Fix up Fund program. (www.mhfa.state.mn.us)