Mortgages for every situation.
When making one of the largest purchases in your lifetime, you need a financial institution you can trust. Though the help of our partner programs, we are able to offer you a wide variety of loans to suit your unique mortgage situation. Click below to see what program will suit you best.
For mortgage appointments, we will need:
- Most current paystubs (30 days)
- Two months of complete financial statement(s)
- Copy of Driver’s License
- Two years of W2’s and/or 1099s
- Two years of Federal and State tax returns
- Most recent quarterly statement for retirement and investment accounts
TRADITIONAL FINANCING
Conventional financing for purchasing a variety of homes. Down payments of less than 20% require private mortgage insurance.
- 3% minimum down payment
- 30, 20, 15, or 10 year fixed rate terms
- 3, 5, and 7 year adjustable rate terms
- For primary residence, second homes, or investment properties
Call Peter at (218) 336-1810
VA LOANS
Veteran’s Administration (VA) loans are designed to assist qualified veterans get into a home with no down payment. VA Loans can be used to purchase houses, make home improvements, purchase a manufactured home on land, or buy a townhouse or condo in VA-approved development.
- 0% down payment
- No private mortgage insurance
- Maximum borrowed can be $417,000
- Fixed rate and adjustable rate terms are available
Call Peter at (218) 336-1810
Set up an appointment about VA Loans.
FHA LOANS
Federal Housing Administration (FHA) loans are great for those who are looking to purchase their first home or those who do not meet traditional financing guidelines due to bankruptcy or foreclosure.
- 3.5% minimum down payment — can be received as a gift
- 30 year fixed rate
- For primary residence only (1-4 family units, condos, and planned unit development)
- Lower credit score qualification
- No maximum income limitations
- Maximum loan amount determined by county
Call Peter at (218) 336-1810
Set up an appointment about FHA Loans.
USDA RURAL DEVELOPMENT
USDA Rural Development Loans are designed for those who are looking to live rurally. The USDA backs and services these loans.
- 0% down payment
- Qualified properties must be in designated areas as defied by USDA—generally designated for properties in communities of 20,000 or less.
- Maximum income limits determined by geographical area
Call Peter at (218) 336-1810
Set up an appointment about USDA Rural Development.
NMLS Information:
Peter- NMLS 747132
MPECU-728461
