Take the next step on your home-buying journey with expert guidance and easy-to-use tools from Alerus.
Karen’s experience spans more than 25 years. She has built an excellent reputation in mortgage financing with her emphasis on customer service and extensive industry knowledge. Karen’s success is fueled by a simple philosophy – listening to her clients. This enables Karen to provide options and strategies to best fit their needs and help them to achieve their financial goals.
Buy your new home now when it’s right for you. If rates drop, refinance at the lower rate and Alerus will pay $1,000 in closing costs.
It’s our commitment to you to close according to the terms of our approval letter, or we will pay $20,000 to the seller — which can really stand out when it comes to putting in an offer.1
Lock in your new loan by October 31, 2023, and receive $1,000 toward closing cost.3
Megan H.
Alerus Mortgage
When you close a home loan with Alerus, we donate $100 on your behalf to your community.
To date, we’ve given more than $4 million to support local organizations that work in childhood education, fighting hunger, public service, homelessness, and affordable housing.
EQUAL HOUSING LENDER
1- $20,000 Guarantee
$20,000 guarantee is paid to the seller if the loan does not close based on conditions and expiration date of the approval as outlined in the Alerus pre-approval letter. The guarantee is available for all mortgage loans except new construction and renovation.
The guarantee is not applicable if:
(1) Borrower, seller or any third party cause the delay or elect not to close on the real estate sale.
(2) Borrower fails to sign required disclosures or provide key documents by the requested due date.
The $20,000 guarantee, if applicable, is available to the seller only and not any of seller’s agents, representatives or related parties.
2- Refi Ready Program
Subject to credit qualification, not all applicants may qualify. This is not a commitment to lend. This offer is valid on first lien, purchase transactions only and is non-transferable. By refinancing an existing loan, your total finance charges may be higher over the life of the loan. For an accurate, up-to-date quote on mortgage rates, please talk to a licensed mortgage banker.
3- Alerus Purchase Special
The $1,000 credit toward closing costs applies to Alerus mortgage loan applications for primary, secondary, or investment properties. Qualified borrowers must lock their interest rate on a purchase transaction by October 31, 2023. An executed agreement or accepted purchase terms are required to lock an interest rate and terms. Offer not valid on any existing loans or applications in process with Alerus mortgage prior to August 1, 2023. Offer cannot be combined with any other offers. All applications are subject to approval under Alerus mortgage underwriting guidelines. Offer subject to change or cancellation without notice