Ready to buy, build, remodel or refinance your home?
Choose us, Tim Nelson or Tim Vukelich, your local mortgage loan experts serving Lakeville, MN, part of the South Metro area on the Vermillion River and home to many lakes and other waterways.
We are familiar with the needs of those in Lakeville and the surrounding area and excited to help people like you realize their dreams of home ownership. Whether you are looking to purchase a home, build from the ground up or refinance your current mortgage, we can help with the variety of home loan programs and support we offer at Merchants Bank.
- View today's mortgage rates for purchase and refinance
- Request an appointment with Tim Nelson or Tim Vukelich
Fill out the form below and we’ll follow up to learn more about your situation and which mortgage or home loan options make sense for you.
|15-Year Fixed Rate||2.150%||2.356%||$1300.88 .....Rates effective as of 09/16/2021|
|20-Year Fixed Rate||2.525%||2.810%||$1074.48|
|30-Year Fixed Rate||2.775%||2.886%||$819.13|
Subject to approval. APR = Annual Percentage Rate. Estimates below are based on a loan amount of $200,000 with 20% down payment (equity for refinance), prepaid finance charges of $2,900 and a credit score of 740. The actual rate available to you will be based upon your credit history and may be different than the rate disclosed. Rates are for the financing of a single-family primary residence with a 45-day lock. If the down payment/equity is less than 20%, mortgage insurance may be needed, which could increase the monthly payment and APR. Rates also may be higher for cash-out refinances above 70% Loan-to-Value, non-escrowed loans, loan amounts below $100,000 and/or loan amounts greater than $548,250. 30-Year Fixed = 360 monthly payments. 20-Year Fixed = 240 monthly payments. 15-Year Fixed = 180 monthly payments. Payment does not include taxes and insurance and actual payment obligation may be greater.
Mortgage and Home Loan Programs
Finding a home that feels uniquely you, that’s important. Talk to your Merchants Bank mortgage experts about financing options to help realize your dreams:
- Mortgage pre-approval
- Conventional mortgages and home loans
- First time home buyer programs
- Construction loans
- Specialty mortgage programs like Veterans Administration (VA), Federal Housing Administration (FHA), Rural Development and more
- Mortgage refinance
Get to Know Tim Nelson and Tim Vukelich, Mortgage Lenders
Tim Nelson: NMLS # 401971
Tim Vukelich: NMLS # 665490
With more than 30 years of mortgage experience between us, we would be honored to help make your home loan process as seamless as possible. We take personal pride in providing outstanding service to each and every customer and making sure you have a complete understanding of the entire loan process.
Our Top Tips for Home Buyers:
- Come in and see us early in the process. We can make your home buying fun and exciting while alleviating some of the stress.
- Know that there are lots of options for you. Sometimes people think they don’t have the means to achieve their home-ownership dreams, but the reality is that there are all kinds of home loan programs that could be a perfect fit for you.
Visit us in person
18550 Joplin Avenue
Lakeville, MN 55044