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A Home of Your Own

Individual Financing  | Mortgage Loans | Home Mortgage Consultants

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. Try our Mortgage 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 Payment 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.

Mortgage Loans

Buying a home is the largest and most important investment most people make. MidCountry Bank is capable of providing you with a variety of mortgage loan products designed to meet your personal needs.

Individual Financing

  • Purchase a home or refinance your existing home
  • Fixed-Rate, Balloon or ARM Loans, Conventional, FHA,VA, Rural Development, Non-Conforming/Jumbo Loans, and First-Time Homebuyer Loans
  • Home Equity Loans & Lines: Avoid the paperwork and use the same documents from your mortgage loan
  • First Mortgage Line of Credit:  Tap into a source of cash for home improvements and unexpected expenses

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

Convenient Services

  • Competitive rates & fees
  • Pre-approval
  • Pre-qualification
  • Evening & weekend appointments
  • Automatic Payment Plan

Availability, 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.

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All loans subject to credit approval and compliance with underwriting standards.