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Mortgage Banking
A Home of Your Own
Individual Financing | Lot Financing | Wholesale Lending | Mortgage & Construction Loans
Buying a new home should be a pleasant experience. We'd like to help make it that way by taking the worry out of applying for a mortgage. That's why we would like you to take our Home BuyAbility Test. It will help you find out how much home is right for you, so you can feel more comfortable when you apply for your mortgage loan with us. Try our Mortgage/Income Pre-Qualification Calculator to find out if your income can qualify you for a mortgage?
Select A Mortgage Loan To Fit Your Financial Situation. Let our experienced Lenders help you decide which type of loan will be right for you.
Once you know approximately how much home is in your price range, use our convenient Mortgage Loan Calculator to estimate your monthly payments based on the principal and interest. Closing costs are normally paid in a lump sum at the time you take out the loan. Other annual costs such as taxes, insurance and mortgage life insurance are also not included on the chart, but may be added to your monthly payments.
Check out our new websites!
MidCountry Mortgage website | MidCountry Bank Wholesale website
Mortgage & Construction Loans
Buying a home is the largest and most important investment most people make. MidCountry Mortgage is capable of providing you with a variety of mortgage and construction loan products designed to meet your personal needs and your budget.
Construction Loan Draw Documents & Information
MidCountry Mortgage Construction Lenders
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Arjun Sethi Construction Loan Officer Direct: 651-766-7036 Cell: 651-329-4238 Fax: 952-960-3144 Email: Arjun Sethi
Tracy Elstad
Nicole Bisek
Mike Nash
Andy Niemela
James Elstad
Becky Scholl
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Steve Nelson Construction Loan Officer Direct: 651-766-7041 Toll free: 877-415-1020 Ext. 7013 Email: Steve Nelson
Jan Nelson
Katie Hayden
Blake Hayden
Connie White
Steve Flom |
Individual Financing
- Purchase & Refinances
- Fixed Rate, Balloon or ARM Loans, Conventional, FHA,VA, Rural Development, Non-Conforming/Jumbo Loans, and First Time Homebuyer Loans
- Single Close Construction Perm Loans: Construction Loans that convert into a permanent mortgage with only one closing, which reduces closing costs.
- Home Equity Loans & Lines: Avoid the paperwork and use the same documents from your mortgage loan.
- Conventional Loans have a fixed rate and monthly payment for the entire life of the loan. It's easy to budget for this type of loan because your payment will always be the same. The rate on a conventional mortgage loan is generally higher than an adjustable rate mortgage.
- Adjustable Rate Loans usually start with lower rates than conventional loans. We'll let you know how much the rate can be adjusted over the life of the loan, so you'll know from the beginning the absolute maximum amount you would ever have to pay. If you will be moving in a few years, or if you think interest rates will be going down, you'll want to consider an adjustable rate since monthly payments may be lower.
- FHA Loans offer lower interest rates, require a relatively small down payment, and are insured through the Federal Housing Administration.
Is Refinancing Right For You? Generally, it's a good idea for you to consider refinancing whenever the interest rate for mortgages is more than two percentage points below your present mortgage. And whether you apply with us for a new mortgage to buy the home you want, or to refinance your present mortgage, ask about a Homeowner's Credit Line. It can help you save on fees when you apply; interest when you want to borrow money; and, on taxes at the end of the year. For more details, speak to one of our mortgage loan experts at 1-800-255-6795
Lot Financing Available
- Flexible Options
- Up to 75% Loan to Value
Convenient Services
- Competitive rates & fees
- Pre-approval
- Pre-qualification
- Evening & weekend appointments
- Automatic Payment Plan
- Compare payments on principal amounts and rates.
They are based on the Annual Percentage Rate (APR)
indicated for principal and simple interest.
We offer a variety of mortgage plans.
Complete our online application, click
MidCountry Bank Mortgage Offices & Lenders
Minnesota Locations
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Main Office MidCountry Bank Vadnais Heights 1001 Labore Industrial Court, Suite E Vadnais Heights, MN 55110 Toll Free: 1-877-415-1020
MidCountry Bank Apple Valley
MidCountry Bank Buffalo
MidCountry Bank Glencoe
MidCountry Bank Hastings
MidCountry Bank Hutchinson
MidCountry Bank Inver Grove Heights
MidCountry Bank Litchfield
MidCountry Bank Minnetonka
MidCountry Bank Sartell
MidCountry Bank Shorewood
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MidCountry Bank St. Cloud 1113 West St. Germain Street St. Cloud MN 56302-2090 Toll Free: 1-800-255-6795 Direct: 320-229-5278 Fax: 320-529-9099 Ryan Dammann 320-864-1102 Tim Yonak 952-442-6840
MidCountry Bank Vadnais Heights
MidCountry Bank Waconia
MidCountry Bank Waite Park
MidCountry Bank Winthrop Illinois Locations
MidCountry Bank Benton
MidCountry Bank Carbondale
MidCountry Bank Galatia
MidCountry Bank Harrisburg
MidCountry Bank Marion Heights
MidCountry Bank Mt. Vernon
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Availablility, terms and conditions may change without notice. Terms and down payment requirements may vary based on loan type. To obtain current rates and examples pertaining to a specific loan, please contact any MidCountry lender.
MidCountry Bank reserves the right to change programs at any time. This Mortgage Program Summary is for informational purposes only and is not a full disclosure under RESPA, Truth-in-Lending or other regulations.
This statement is not an offer to enter into an agreement to make a loan. MidCountry may offer to enter into such an agreement only pursuant to Minnesota Statutes Section 47.206, Subdivisions 3 and 4.
Community Reinvestment
Under the Federal Community Reinvestment Act (CRA), we are evaluated on how well we make credit available to qualifying community residents, without regard to race, age or gender. We are also required to inform you of our credit programs, to seek credit information about the credit needs of our community and to give time and advice to community organizations who can benefit from them.MidCountry Bank is continually looking for new and innovative ways to assist our community. Lending money is more than a simple business transaction for us. Our loan programs promote home ownership, fuel job growth and support local economic development. We participate in a number of special lending programs targeting low and moderate income households.
MidCountry Bank...caring for the communities we serve.
