Ready to buy, build, remodel or refinance your home?
I’m Andy Althoff, your local mortgage loan expert serving Northfield, MN, home to the famous Defeat of Jesse James Days celebration each year. I have lived in the area my entire life and thoroughly enjoy helping community members work toward their dream of home ownership. Whether you are looking to purchase a home, build from the ground up or refinance your current mortgage, let’s get started.
|15-Year Fixed Rate Purchase||2.275%||2.481%||$1312.50 .....Purchase rates effective as of 06/18/2021|
|20-Year Fixed Rate Purchase||2.900%||3.062%||$1099.21|
|30-Year Fixed Rate Purchase||3.025%||3.138%||$845.91|
|15-Year Fixed Rate Refinance||2.400%
||2.607%||$1324.18 .....Refinance rates effective as of 06/18/2021|
|20-Year Fixed Rate Refinance||3.025%||3.295%||$1111.70|
|30-Year Fixed Rate Refinance||3.150%||3.264%||$859.47|
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 expert 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 program like Veterans Administration (VA), Federal Housing Administration (FHA), Rural Development and more
- Mortgage refinance
Get to Know Andy Althoff, Mortgage Lender
Phone: (507) 664-0803
I enjoy serving the people of Northfield and the surrounding area and helping them realize their dreams of home ownership. I am determined to make the process of home buying, building or refinancing as seamless as possible.
Andy’s Top Tip for Home Buyers: Connect with a mortgage lender early in the process to get pre-approved. Then you’ll have a better idea of your price range while house hunting so you’ll be ready to make an offer when you find right home.