Whether it’s your first home or dream home, we’ll help you get the keys. Come chat with our local lending team and find the best mortgage program for you. 

Key Features

  • Competitive Rates
  • Quick Decisions
  • Local Processing

Current Rates

Monthly Payment
Monthly Payment
Monthly Payment
  • Competitive fixed and adjustable rates for home purchase or refinance
  • Available for primary residence, second homes, vacation homes, or investment properties
  • A wide range of terms customized to your unique situation
  • Helpful loan advisors with working knowledge of the southeastern Minnesota real estate market
  • Pre-qualify for extra confidence when buying your home
  • Refinance your current home to potentially lower your rate
  • Quick, local decision-making and processing
  • Attentive, friendly service from start to finish
  • 15, 20, 30-year terms
  • Fixed rate purchase or refinance
  • Low, competitive rates and terms resulting in lower monthly payments
  • Down payments as low as 3%
  • Faster loan processing since conventional loans are not dependent on government approval
  • Required: down payment, proof of stable income, and decent credit
  • Easier to qualify than a standard loan
  • Available in fixed rate or ARM
  • Down payments as low as 3.5%
  • Flexible terms up to 30 years
  • Balloon payment options not available
  • Requires FHA mortgage insurance
  • Pre-qualification available
  • Quick decisions, and local service
  • Mortgage insurance is built in, does not require additional PMI purchase
  • Available to veterans and active military service members
  • Typically require no down payment
  • Minimal closing costs
  • Available on homes over $400,000 (see maximum loan amounts)
  • Up to 100% financing for eligible military personnel
  • Fixed/level payment of principal and interest for the life of the loan
  • Balloon payment options not available
  • Flexible terms up to 30 years
  • Monthly mortgage insurance not required
  • Long-term, fixed interest rate
  • 30-year terms
  • Income limits apply
  • Ideal for first-time homebuyers
  • Low to no down payment
  • Sterling State Bank retains servicing of loan
  • Lenders with experience in the local real estate market
  • Attentive service throughout the entire process
  • Local decision-making and processing
  • Competitive rates for building your own dream home
  • Provides more convenience, especially toward the end of the construction phase and the beginning of permanent mortgage
  • Pay off interest quicker; payments are interest-only during construction phase
  • Payments are made on the amount drawn on your loan sufficient to pay your builder
  • Construction draws applied in stages based on work completed
  • Local decision-making and processing in southeastern Minnesota
  • Attentive, friendly service from start to finish

APR = Annual Percentage Rate. APR estimates are based on a loan amount of $100,000 with a down payment of 20% and a 1% origination fee. Rates are for the purchase of a single-family primary residence and assume a 30-day lock period. Rates are subject to underwriting approval and may change without notice. Please contact us for rates on loan amounts greater than $510,400. Estimated monthly payments do not include amounts for taxes and insurance. If these amounts are escrowed, the actual payment obligation will be greater.

Actual loan qualifying is subject to verification and approval of income, credit, property appraisal, and other factors.

Some restrictions and penalties may apply.