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Mortgage Lending

Community Bank Mankato offers a wide variety of Home Loan lending options to meet the financing needs of our customers. We offer experienced, local lenders, as well as local processing; underwriting and closing functions.

Home Mortgage Programs
Getting started is easier than you think.
  • Complete a residential loan application with one of our mortgage lenders to receive a pre-approval.  Click here to view a checklist of items to include with your application.
  • Find your dream home.
  • Schedule a closing date with your mortgage lender. At closing you will sign the final loan documents and we will disburse the funds.
  • Click here to view Freddie Mae's Step by Step Mortgage Guide.
During the application process, your mortgage lender will review program options to help you decide what program best fits your needs. Options include:

RD - Rural Development
  • Available in Rural Communities
  • Income limits apply
  • Homebuyer education required
Additional Programs
MHFA (Minnesota Housing Finance Agency)
  • Must be 1st time homebuyer
    • Anyone who has not owned a home in the past 3 years
  • Acquisition & Income limits apply
  • Entry Cost Assistance may be available
  • Homebuyer education may be required
Construction
  • Conversion to permanent financing at completion
Home Equity/Second Mortgage
  • Use your home's equity
    • Improvements or repairs
    • Major purchase
    • Consolidate other debt
Additional Resources

Calculators: 

Articles and Links: