Mortgage Loan Products Arcadian Bank

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Mortgage Loan Products

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Your Homeownership Journey Starts Here

Conventional Loans

Attentive and friendly service from start to finish.

Competitive fixed rates
Variety of fixed rate terms available
As little as 3% down payment (*income limitations apply) plus closing costs
Refinance can save you in the long run by lowering your interest rate and shortening the loan term
Refinance to take advantage of equity to do renovations, consolidate debt or other immediate cash needs
No prepayment penalties
Local underwriting and servicing

First Time Home Buyers

Are you a first time home buyer? Not so perfect credit score? Little money for down payment?

USDA/Rural Housing Loan
- Income and property limitation apply
- Opportunity to purchase your home with 100% financing, no money down payment
- Applicant is responsible for closing costs
- Seller can contribute towards closing costs
Conventional 3% Down Payment
- Income limitations apply
- If both borrowers are first time home buyers, at least one borrower is required to take online home buyer education classes.
Grant Programs (when available)
- Income limitations apply
- Must complete online home buyer education class
- Up to $15,000 used towards down payment and closing costs

Vacation/Second Homes

Competitive fixed rates
Variety of fixed rate terms available
Refinance can save you in the long run by lowering your interest rate and shortening the loan term
Refinance to take advantage of equity to do renovations, consolidate debt or other immediate cash needs
No prepayment penalties
Local underwriting and servicing

Bridge (Equity) Loans

Temporary loan to buy one home using the equity of another until the first home is sold
Offers an initial period of interest only payments
You can receive a single advance of funds up to 85% of the value of your home
Minimal closing costs

Bare Land Loans

Need financing to buy a plot of land with plans to build in the future?

Convenient loan to purchase land through fixed or adjustable rate loans

Why Choose Us?

Competitive Rates & Flexible Terms – We offer a variety of mortgage loan options with competitive interest rates and flexible repayment terms to fit your unique financial goals. Whether you’re buying your first home, refinancing, or building from the ground up, you’ll find smart, local solutions across Albert Lea, Hartland, and all of southern Minnesota.
Streamlined Application – Our mortgage application process is designed to be fast, simple, and hassle-free. From pre-qualification to closing, we make it easy to move forward with confidence and clarity.
Local, Personalized Service – As a community-focused bank, we take pride in providing personalized service tailored to your financial goals. Our knowledgeable team members are based right here in Minnesota, and we’re committed to guiding you every step of the way–from application to handing over the keys!

Meet our Mortgage Team

Photo of Susie

Susie Miller

Vice President, Senior Mortgage Lender

NMLS#2137037

Photo of Katlin

Katlin Peterson

Mortgage Loan Processor/Analyst

NMLS#2037309

Photo of Angie

Angie Voigt

Senior Mortgage Analyst/Underwriter

NMLS#2042407

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Jaden Atz

Mortgage Servicing Specialist

NMLS#1700998