Fixed rate mortgage

A standard fixed-rate loan has a fixed interest rate, a fixed term, and a fixed monthly payment for the term of the loan, which may range from 10 to 30 years. The fixed rate, long-term mortgage appeals to homeowners who plan to remain in their homes for more than 7 years and who wish to keep their monthly payments stable. This mortgage is well suited for borrowers who do not want the risk of interest rate increases.


  • Terms to fit nearly any budget.
  • Interest rate is constant for the term of the loan.
  • Predictable monthly payment is easier for family budgeting.
  • No down payment available for qualified borrowers.
  • 10 and 15 year mortgages provide faster build-up of equity and significant interest savings over the life of the loan.
  • 20 and 30 year mortgages offer lower monthly payments.


  • Loan term/amortization
    10, 15, 20, and 30 years.
  • Eligible property types
    1 to 4 unit owner-occupied primary residence including condos, PUDs, townhomes, and 1 unit vacation homes suitable for year-round occupancy.
  • Origination fee
    1% of loan amount, maximum of $1,500.
  • Interest rate
    Fixed for term of loan. Extended rate locks available.

How to apply:

Apply online, visit one of our branch locations or call us at 1-800-288-3425.

* APR = Annual Percentage Rate.
Payment example: A 20 year $100,000 fixed rate loan at 3.688% APR* has an approximate monthly payment of $579.96. Downpayments vary from 0-20% for qualified borrowers.
Payment does not include amounts for taxes and insurance and the actual payment obligation may be greater. Origination fees may vary from $0-$1500. Other closing costs may apply.Other terms and amounts are available. Rate current as of September 30, 2019 and is subject to change. Home financing is available to existing customers, or new customers who live or work in Minnesota, for primary residences located in AZ, FL, IL, IN, IA, KS, MN, MO, NE, ND, SD & WI. Click here for current mortgage rates.
Financing for investment properties is available to existing customers, or new customers who live or work in Minnesota, for properties located in the following southeastern Minnesota counties: Olmsted, Dodge, Mower, Fillmore, Winona, Wabasha, Goodhue, Hennepin, Carver, Scott, Dakota, Ramsey, Washington and Anoka.