Mortgage Rate Relief-Approximately 1.5% below Market Rate
The Mortgage Rate Relief Program is available to qualified borrowers for purchase of a primary home and must be a single family 1-4 unit property. Qualified borrowers must earn 80% or less of the area median income (AMI) determined by the Federal Housing Finance Agency’s Underserved Areas Data.
| Purchase Price | $300,000 |
| Loan Amount | $285,000 |
| APR | 5.581 |
| Estimated Monthly Principal and Interest Payment | $1,551.79 |
*APR based on a loan amount of $285,000 with 5% down payment. 30 year fixed loan. Payment does not include amounts for taxes and insurance premiums and the actual payment obligation may be higher. Payment amounts may change during the term of the loan due to changes in the amounts paid for taxes and insurance. Rates, terms and conditions are subject to change. Loan subject to approval.
Apply Online Today!
Whether looking to buy or a build a house, cabin, lake house or anything else you dream of calling home, Elysian Bank has a mortgage that is right for you. Elysian Bank strives to make the process of financing your home as straightforward and enjoyable as possible.
With low, fixed rates and flexible terms, Elysian Bank can find the mortgage to match your needs and goals. Mortgages offered by Elysian Bank include conventional, construction loans, FHA, USDA and VA.
For further information on mortgage services offered by Elysian Bank and how they can help you call your dream house, cabin or lake house home, contact us.
Contact a loan officer today!
In accordance with the Secure and Fair Enforcement of the Mortgage Licensing Act of 2008, the names and corresponding unique identifying numbers of the bank’s mortgage loan officers are available upon request.
Please contact Elysian Bank at (507) 267-4326, or in writing at PO Box 179, Elysian, MN 56028 or by email at elysianbank@elysianbank.net.
Mortgage Inquiry Form
The form below is used for inquiring about available mortgage products, rates and approval requirements.
Someone will respond within one business day.
This inquiry is NOT an application, and any information relayed due to the inquiry is not necessarily the terms available to all borrowers.
All loans are subject to credit approval.