Take the next step on your home-buying journey with expert guidance and easy-to-use tools from Alerus.
My goal is to provide you with clear communication and expectations throughout the mortgage process. I’ll apply my extensive home financing expertise to provide you with the guidance you need to make informed decisions and obtain the results you deserve.
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
Tim Curtis from Saint Louis Park, MN
nora qsmith from Prior Lake, MN
Bridget O from New Brighton, MN
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
Close on a purchase transaction with Alerus by December 31, 2024. Retain your initial mortgage for a minimum of six months from the closing date. Refinance any time before December 31, 2025. Subject to credit qualification, not all applicants may qualify. This is not a commitment to lend. This offer is valid on first lien, and 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 May 31, 2024. An executed agreement or accepted purchase terms are required to lock an interest rate and terms. Offer not valid on existing locked loan transactions before August 1, 2024. 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.