Mortgage Banking

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.

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MidCountry Mortgage website | MidCountry Bank Wholesale website

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

Construction Loan Disclosures

• 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

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 14994 Glazier Avenue Apple Valley MN 55124-7498 Toll Free: 1-800-255-6795 Direct: 952-432-6840 Fax: 952-432-6844 Mark Linden 952-997-5615 MidCountry Bank Buffalo 305 - 10th Avenue South Buffalo MN 55313 Toll Free: 1-800-255-6795 Direct: 763-682-3035 Fax: 763-682-3025 Tim Yonak 952-442-6840 MidCountry Bank Glencoe 1002 Greeley Avenue Glencoe MN 55336-2128 Toll Free: 1-800-255-6795 Direct: 320-864-5541 Fax: 320-864-5954 Ryan Dammann 320-864-1102 MidCountry Bank Grand Rapids 516 South Pokegama Avenue Grand Rapids MN 55744-3820 Toll Free: 1-800-255-6795 Direct: 218-327-4833 Fax: 218-327-2287 Steve Mann 218-327-4470 MidCountry Bank Hastings 1320 South Frontage Road Hastings MN 55033-2426 Toll Free: 1-800-255-6795 Direct: 651-480-6003 Fax: 952-931-2206 John Pestka 952-351-5421 MidCountry Bank Hutchinson 201 South Main Street Hutchinson MN 55350-2573 Toll Free: 1-800-255-6795 Direct: 320-234-4500 Fax: 320-587-2072 Ryan Dammann 320-864-1102 MidCountry Bank Inver Grove Heights 6505 Cahill Avenue East Inver Grove Heights MN 55076-2022 Toll Free: 1-800-255-6795 Direct: 651-455-1553 Fax: 651-455-1554 Becky Scholl 651-766-7059 MidCountry Bank Litchfield 501 North Sibley Avenue Litchfield MN 55355-0577 Toll Free: 1-800-255-6795 Direct: 320-693-2861 Fax: 320-693-2948 Gina Kilbo 320-693-4263 MidCountry Bank Minnetonka 14617 Highway 7 Minnetonka MN 55345-3706 Toll Free: 1-800-255-6795 Direct: 952-931-2200 Fax: 952-931-2206 John Pestka 952-351-5421 MidCountry Bank Sartell 101 - 7th St. N. Riverside Plaza Sartell, MN 56377-1521 Toll Free: 1-800-255-6795 Direct: 320-258-7240 Fax: 320-258-4394 Ryan Dammann 320-864-1102 Tim Yonak 952-442-6840 MidCountry Bank Shorewood 23800 Hwy. 7 inside Cub Foods Shorewood MN 55331-2950 Toll Free: 1-800-255-6795 Direct: 952-470-9900 Fax: 952-470-2266 Tim Yonak 952-470-9900

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 1001 Labore Industrial Court, Suite E Vadnais Heights MN 55110 Toll Free: 1-877-415-1020 Direct: 651-766-7000 Fax: 651-766-7024 Becky Scholl 651-766-7059 Go to Becky Scholl’s website Angie Joyce 651-766-7079 Fax: 651-204-0029 MidCountry Bank Waconia 200 East Frontage Road Waconia MN 55387-0287 Toll Free: 1-800-255-6795 Direct: 952-442-2141 Fax: 952-442-2332 Tim Yonak 952-442-6840 MidCountry Bank Waite Park 113 Waite Avenue South Waite Park MN 56387-0641 Toll Free: 1-800-255-6795 Direct: 320-656-1133 Fax: 320-656-1260 Ryan Dammann 320-864-1102 Tim Yonak 952-442-6840 MidCountry Bank Winthrop 122 East Second Street Winthrop MN 55396-0424 Toll Free: 1-800-255-6795 Direct: 507-647-5356 Fax: 507-647-4048 Ryan Dammann 320-864-1102 Illinois Locations MidCountry Bank Benton 605 W. Main St. Benton, IL 62812 Direct: 618-439-6363 FAX: 618-439-9356 Duane Gulley 618-242-5269 MidCountry Bank Carbondale 925 W. Main St. Carbondale, IL 62901 618-549-9904 FAX: 618-457-4843 Janet Holder MidCountry Bank Galatia 100 East Main Galatia, IL 62935 Direct: 618-268-4191 FAX: 618-268-4053 Duane Gulley 618-242-5269 MidCountry Bank Harrisburg 502 N. Commercial Harrisburg, IL 62946 Direct: 618-998-4177 FAX: 618-998-4194 Emily Duke MidCountry Bank Marion Heights 2611 Blue Heron Drive Marion, IL 62959 Direct: 618-998-4177 FAX: 618-998-4194 Emily Duke Direct: 618-998-4175 FAX:618-998-4194 Hayden Gardiner MidCountry Bank Mt. Vernon 2929 Broadway Mt. Vernon, IL 62864 Direct: 618-242-5269 FAX: 618-242-5853 Duane Gulley 618-242-5269

All of our MidCountry Bank offices can also assist you with any mortgage questions you may have. Call Toll Free:1-800-255-6795

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.

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