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Home Financing
Frame Your Future
Frandsen Bank & Trust is here to support you in all of life’s meaningful moments. Whether you’re buying, building, or remodeling, your local lender is here to help.
Access the best rates with your local lender.
Competitive rates
Local decision-making
Simple, easy, and fast in-house underwriting process
Full service: 99% of loans stay with us, you can even make your payments locally
Buy
Traditional Mortgage
Discover competitive rates and personalized plans that fit your budget. Choose from fixed-rate and adjustable-rate options.
Cabin Financing
Our experts understand second property purchases. Get to lake time faster with our tailored solutions and personalized guidance.
Hunting & Recreational Land
Learn what makes this type of purchase different. We’re here to support you through the process, from evaluating land options to financing your project.
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Buyer's Guide
Expert Guidance, Every Step of the Way
Discover the essentials of buying a home with our comprehensive guide. From budgeting tips to mortgage options, we’re here to make your path to homeownership clear and confident.
Build & Refinance
Construction
Secure a line of credit for construction costs and interest-only payments during the build. Once your home is complete, convert your loan to a traditional mortgage.
Home Improvement Loans
Finance your next renovation and boost your home’s value with competitive, flexible terms.
Refinance
Lower your monthly payment and free up extra cash by refinancing.
More Homebuying Resources
First-Time Homebuying
Secure your family’s future with a mortgage designed for your needs. Let’s build your future together.
Community Development
Purchasing a home is an exciting journey. Discover how you can benefit from affordable financing options and down payment assistance programs.
Frequently Asked Mortgage Questions
Buying a home is a big step, and it’s natural to have questions along the way. We’ve gathered some of the most common mortgage questions to help you feel confident and informed as you explore your options.
How much money do I need for a down payment?
Minimum down payments depend on the type of loan you choose. While it is recommended to have 20 percent of your total loan, many borrower programs allow for a down payment as low as 3 percent.
How do I know how much house I can afford?
A good rule of thumb is to keep your monthly housing costs at or below 30 percent of your gross monthly income. A mortgage pre-qualification with your local Frandsen Bank & Trust mortgage lender can help you determine your buying power.
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