Ready to buy, build, remodel or refinance your home?
Choose us, Rhonda Merchlewitz or Dawn Stenberg, your local mortgage loan experts serving Winona, MN (also known as the Island City) and the beautiful surrounding Mississippi River valley.
We are strongly committed to helping our customers fulfill their dreams of home ownership and understand from years of experience how important it is to fit the correct home loan to your individual financial needs. 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 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 Purchase||2.150%||2.356%||$1300.88 .....Purchase rates effective as of 06/18/2021
|20-year Fixed Rate Purchase
|30-year Fixed Rate Purchase
|15-Year Fixed Rate Refinance||2.275%||2.481%||$1312.50 .....Refinance rates effective as of 06/18/2021|
|20-Year Fixed Rate Refinance||2.900%||3.062%||$1099.21|
|30-Year Fixed Rate Refinance||3.025%||3.138%||$845.91|
Apply Now with Dawn
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 Rhonda Merchlewitz and Dawn Stenberg, Mortgage Lenders
Rhonda: NMLS #411295
Dawn: NMLS #439932
With over 40 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:
- Before your start your search, make sure you’ve established some credit and work with a lender to apply for mortgage pre-approval.
- Develop your own personal budget with your new housing expenses to ensure you are comfortable with your new, total, monthly mortgage payment.
Visit us in person
102 East Third Street
Winona MN 55987