Your dream home just got more affordable.

Get $750 toward closing costs* during the Parade of Homes.

Get pre-approved now Talk to a mortgage banker

Looking for the perfect home? Now is the perfect time. During the Parade of Homes, we’re offering $750 toward closing costs* when you finance with us. Whether you’re a first-time home buyer or upgrading to your next home, our expert mortgage lenders are here to guide you every step of the way.

Why finance with us?

Seamless construction and renovation loans. Whether you’re building or purchasing a move-in ready new home, we have financing options to fit your needs.
One-time and two-time close construction loans. Choose the financing option that works best for you.
Local expertise, personalized service. Decisions are made locally with a common-sense approach to lending.

Frequently asked questions

Who qualifies for the $750 closing cost* credit?

This offer is available to borrowers financing a new construction home or purchasing a newly built home with a qualifying loan. To be eligible, you must have a purchase agreement between September 5, 2025 and October 12, 2025 and close on your mortgage by July 31, 2026.

The $750 closing cost credit may not be available for borrowers using an Alerus Portfolio product. Contact one of our mortgage experts, or visit a location near you to determine if you qualify.

What are the differences between a single close and two-time close construction loan?

A single close construction loan combines your construction loan and permanent mortgage into one loan with a single closing — reducing paperwork and saving you time and money.
A two-time close construction loan provides separate loans for the construction phase and permanent financing, giving you flexibility to modify loan terms before transitioning to a traditional mortgage.

How do I apply and receive the $750 closing cost* special?

Simply apply online, or contact one of our mortgage experts, or visit a location near you. If you meet the program requirements, the $750 credit will automatically be applied at closing.

Does this offer apply to all home purchases?

This specific offer applies to new construction or newly completed homes and cannot be combined with any other offers. However, we provide a variety of loan options for all types of mortgage purchases. Our mortgage team can help find the right fit for you.

Ready to get started?

Get pre-approved Talk to a mortgage banker