Ready to buy, build, remodel or refinance your home?

Choose me, Tami Krause, your local mortgage loan expert serving St. Charles, MN, known as the Gateway to the Whitewater Valley with many outdoor activities including Whitewater State Park and the St. Charles Golf Course.

I am familiar with the needs of those in the St. Charles area and excited to help people like you realize their dreams of home ownership with the variety of home loan programs and support we offer at Merchants Bank. Whether you are looking to purchase a home, build from the ground up or refinance your current mortgage, let’s get started.

Learn About Your Mortgage Options

Fill out the form below and I’ll follow up to learn more about your situation and which mortgage or home loan options make sense for you.

Today’s Mortgage Rates: St. Charles, MN

Term Rate APR Payment
15-Year Fixed Rate 2.525 % 2.730 % $1335.93 .....Rates effective as of 01/21/2022
20-Year Fixed Rate 3.150 % 3.313 % $1124.27
30-Year Fixed Rate 3.400 % 3.517 % $886.96

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 $647,200. 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 programs like Veterans Administration (VA), Federal Housing Administration (FHA), Rural Development and more
  • Mortgage refinance