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When you need a loan for the purchase or refinance of your primary residence, a second home, or a real estate investment property, our home mortgage loan experts have a variety of loan programs to meet your needs. 

  • Fixed rate conventional loans
  • Minnesota 1st Time Homebuyer loans
  • FHA and VA Guaranteed loans
  • Adjustable Rate Mortgages (ARMs)
  • Jumbo Mortgage loans
  • Interest only loans
  • Low-to-no down payment home loans
  • Home Equity Loans
  • Home Equity Line of Credit
  • Balloon loans
  • Lot loans

 

 
First Time Home Buyer Loans
Conventional Financing
Adjustable Rate Mortgages
Home Equity Loans and Lines of Credit
Construction Loans

First Time Home Buyer Loans

Buying your first home is a significant decision, and so is choosing a mortgage lender.  RiverWood Bank offers a variety of mortgage products at competitive interest rates to help you buy your first home.

Which type of home mortgage is best for you?  It depends on how long you plan to stay in your home, your income and other factors.  Our Mortgage Lenders can assist you in determining what type of Mortgage Financing best fits your needs.

We offer Fixed-Rate Mortgages, Adjustable-Rate Mortgages, Minnesota Housing First Time Homebuyer "Start Up" Mortgages, Minnesota Housing Non-First Time Homebuyer "Step Up" Mortgages, FHA and VA Mortgages, Jumbo Mortgages and Privately Insured Mortgages. 

 

 

 


Conventional Financing

RiverWood Bank offers a variety of competitive Conventional Loan programs to meet your needs.

  • Purchase and Refinances for owner occupied, second homes and investment properties
  • Government Insured loans, including FHA and VA
  • Fully amortized fixed rate loan products
  • Minnesota Housing Start Up First Time Homebuyer Mortgage
  • Minnesota Housing Step Up Non-First Time Homebuyer Mortgage
  • Cash Out Refinances - funds can be used for any purpose. 

 

 


Adjustable Rate Mortgages

Adjustable-rate loan programs, (commonly called an "ARM), feature an interest rate that periodically adjusts.  This type of mortgage is often used by a borrower who will hold a property for a short period of time or anticipate paying the mortgage in full in just two to three years.  See our FAQ section for more information on an Adjustable Rate Mortgage.

RiverWood Bank offers a variety of Adjustable Rate Loan Programs.   These options are available for Purchase transactions as well as Cash-Out and No Cash-Out Refinance transactions.

 

 


Home Equity Loans and Lines of Credit

Use the equity in your home to borrow for any purpose: a car, boat, recreation vehicle, college expenses, vacation, home improvements, or debt consolidation. We offer both fixed and variable rates and a variety of repayment terms designed to meet your needs. Our convenient home equity lines of credit allow you quick and easy access to funds whenever you need them, whatever the reason. And, unlike other personal loans or credit cards, interest paid on home equity loans may be tax deductible. Consult your tax advisor.

 

 


Construction Loans

When planning to build a home, our construction loan experts will help you every step of the way. Come in for pre-approval on a long term mortgage for your peace of mind before you start building. When you finance both your construction loan and long term mortgage with us, we are often able to give you added savings on closing costs. Our bankers also assist you with monitoring the costs and disbursements during the construction process. Make your dream of a new home become a reality.

 

 



Need help finding the Mortgage to fit your needs?  Contact RiverWood Bank at Mortgage@riverwoodbank.com or call 1-888-751-5120, were here to help you get started.