Mortgages & Home Loans
Find the Right Mortgage for You
Trying to find the right mortgage can be difficult. Choosing the right lender is crucial. Working with our mortgage experts to find the right mortgage option will help you move through the home loan process smoothly.
First-Time Homebuyer
Considering stepping into homeownership for the very first time? First Time Home Buyer Loans are crafted to make that dream a reality! Offering tailored solutions with potentially lower down payments and other advantages to help you navigate the journey to owning your own home.
Features
- Multiple programs designed specifically for first time buyers.
- Products with low or no down payment are available.
- Down payment assistance also available.
- Loan programs for single family, condominiums, & townhomes.
Conventional
Looking for a straightforward path to purchase or refinance your home? Conventional Home Loans offer flexible options, allowing you to choose a loan that fits your needs, with the ability to opt for no private mortgage insurance under certain circumstances. Explore secure and reliable financing solutions tailored to your homeownership goals.
Features
- 3% – 5% minimum down payment.
- Credit scores as low as 620.
- Debt-to-income ratios up to 50%.
- Maximum loan amount for 2025 of $806,500.
Jumbo
Dreaming of a high-value home? Jumbo Loans provide the financing you need for purchasing or refinancing luxury properties. Offering tailored solutions for these larger loan amounts, ensuring a smooth and efficient process to help you acquire the home of your dreams.
Features
- Fixed or adjustable rate options.
- 10% or more down payment required.
- Credit scores as low as 660 – 700.
- Debt-to-income ratios up to 43%.
- Loans from $806,501 up to $3,000,000.
New Construction
Building your dream home from the ground up? New Construction Loans are designed to finance each stage of the building process. From initial planning to final touches, we help provide the funds and guidance you need to bring your vision to life.
Features
- Flexible financing options available for custom home builds.
- Construction-To-Perm & standard construction products available.
- Monthly payment based on interest-only payment.
Low Down Payment
Ready to own a home sooner? Low Down Payment mortgage options can make it happen! These loans require a smaller upfront investment, helping you overcome the hurdle of a large down payment and move into your new home faster. Explore accessible solutions and take the first step towards homeownership today.
Features
- Offering several down payment assistance programs for homebuyers in MN.
- Loan amounts up to $20,000.
- Assistance programs may or may not require monthly payments.
- Income and property location limitations apply.
FHA
Looking for an accessible path to homeownership? FHA Loans, insured by the Federal Housing Administration, offer flexible options with lower down payment requirements and are often more forgiving regarding credit scores. This makes them an excellent choice for first-time homebuyers and those with less-than-perfect credit. Explore the security and affordability of FHA Loans and take your first step towards owning a home.
Features
- 3.5% minimum down payment.
- Credit scores as low as 580.
- Debt-to-income ratios up to 50%.
- Shorter waiting periods after bankruptcy or other adverse credit events.
- Maximum loan amounts vary by county.
VA
VA Home Loans are a powerful benefit for eligible veterans, active-duty military, and surviving spouses, designed to make homeownership more accessible. Often requiring no down payment and without the need for private mortgage insurance, these loans provide a significant advantage. Take the first step towards your dream home with the support you’ve earned.
Features
- You may not need a down payment; 100% financing option available for qualified borrowers.
- No mortgage insurance required.
- Credit scores as low as 620
- Debt-to-income ratios up to 55%.
- Streamlined VA refinance options available.
USDA
Dreaming of living in a rural or eligible suburban area? USDA Loans are designed to make homeownership a reality in these communities. Often requiring no down payment and offering favorable terms, USDA loans help qualified buyers achieve their homeownership goals in eligible locations. Explore the possibilities of rural living with our dedicated USDA loan options.
Features
- No down payment required.
- Minimum FICO score of 620.
- Maximum household income limits apply.
- Property must be located in a qualifying rural or suburban area.
- Debt-to-income ratios up to 50%.
Minimum and Maximum loan amounts apply. Rates and programs subject to change at any time. Loans subject to borrower qualifications, property evaluation and credit approval. All rates and program guidelines subject to change without notice based on consumer eligibility and marketing conditions. All loans subject to credit approval and compliance with underwriting standards.
Process & Education Resources
Our Homebuyer’s Guide is designed to help you navigate the mortgage process with clarity and confidence. At MidCountry Bank, we’re here to support you every step of the way—with a professional, dedicated team that values building a lasting relationship as your trusted mortgage partner.
Not Sure where to get started? Let us help you.
