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At Northwestern Bank, answers to your questions have never been easier. Got 15 minutes? We’ll pre-approve your mortgage...right from your computer...right from your home. Typically this process takes a day or so. Now, in less time than it takes to drive to another bank, you’ll have your pre-approval from Northwestern Bank and be ready to negotiate when you find that perfect home. Got 15 minutes? Apply Now!
If you have any questions throughout the process, please ask. It’s your home loan and we want you to fully understand every aspect of what we’re doing on your behalf. At Northwestern Bank, we’ll take the time to make you an expert...and encourage you to dream!
Building A New Home
New home construction allows you to take advantage of the latest in design options, building products, and a custom layout that fits your family’s needs and lifestyle. Northwestern Bank can design a custom finance plan for you from the ground up.
Buying A New Home
Finding the perfect home isn't easy. Working with an experienced Realtor can save you a great deal of time and legwork. Our real estate experts at Northwest Realty and Security Realty can help you find a home that fits your life-style and price range. They know the markets, can answer questions about the costs involved in purchasing a home, and will guide you through the home buying process.
Knowing approximately how much money you are qualified to borrow can save you time and prevent disappointment when you are looking at houses. Generally a borrower can afford a payment of approximately 28% of their gross monthly income. This amount includes principal, interest, real estate taxes, and insurance. A borrower's total debt, including any other monthly payments, should not exceed 36% of gross monthly income.
Northwestern Bank's Mortgage Loan Center offers a variety of home loan options. Our Mortgage Consultants are qualified to help select the mortgage loan that's right for you.
- Fixed Rate Conventional Mortgage Loans
- Adjustable Rate Mortgage Loans
- 1 Year ARM
- 3 Year ARM
- 5 Year ARM
- Iowa First Home Loans
- USDA Rural Housing Loans
Refinancing
There are reasons people refinance...to reduce interest rates, reduce monthly payments...or both. Maybe you are planning an addition or remodel, or you want to use the equity in your home to finance another opportunity. Let Northwestern Bank, the number one home lender in Orange City and Sheldon, help you explore all your options. We’ll come up with the plan that’s right for you.
Loan Approval & Closing
We realize you need to have an answer on your loan as quickly as possible. You will be notified the moment your loan has been approved. Your Mortgage Consultant will outline for you all that needs to be done regarding the closing of your loan. And your Mortgage Consultant will be with you at the closing to make sure you understand all that is involved. Then it's time to begin making plans to move into your new home!
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