Mortgage Lenders

How Do You Know Which Mortgage is Right For You?

Choosing the right type of mortgage can be confusing, and multiple factors  will come into play. You may have to do some homework to evaluate your personal financial situation and then determine the features of available loan programs to analyze how they correspond with your needs.


An FHA loan is a loan that is insured by the Federal Housing Administration. FHA loans require borrowers to pay MIP (Mortgage Insurance Premiums) which are paid monthly to insure the loan. In the metro area the maximum FHA loan size is $548,250 for a single family home.

A VA loan is a loan made available for veterans and guaranteed by the Veterans Administration. VA loans require the borrower to pay a one-time VA funding fee with loan sizes to $548,250.

A “conforming” Conventional loan is a loan equal to or less than $548,250 with many down payment options.

A Jumbo loan is a portfolio loan underwritten by the lender with varying guidelines. The loan sizes for it are greater than $548,250 to $3,000,000. Call lender for more details.


Different programs require varying amounts of documentation. The loan program you select may require more or less documentation. Please contact one of our lenders for a free, no-obligation consultation.

Our preferred lenders offer pre-approvals without a fee

Dave Bertsch

Sr. Mortgage Loan Officer

nmls# 400251

Mobile: (612) 750-8026

Elizabeth Koehler

Alerus Mortgage Banker


Office: (612) 436-3504

Alex Mysinek

CrossCountry Mortgage


Office: (952) 406-1046

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