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Home Mortgage Loans

Financing Your Home Ownership Dreams

When you’re ready to make one of the biggest financial decisions of your life, you want to do so knowing you have the backing of a knowledgeable financial team. Whether you are planning to buy, build, improve, or refinance a home, you can have confidence knowing you’re banking with one of the best mortgage lenders in the area.

Unlike many other mortgage lenders, we process and service our home loans in-house, making it easy to get help when you need it. With a range of different types of home loans, expert lenders, and competitive mortgage loan rates, we're dedicated to providing the best lending services to help you enjoy the home of your dreams!

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Personal Loans

Finance your next adventure with personal loans from Decorah Bank!

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HELOC

A Home Equity Line of Credit is ideal for financing a variety of big projects.

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Apply For Mortgage

Apply online using our easy and secure mortgage loan application.

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The Best Home Loans for Your Unique Needs

With the most robust list of loan programs offered in our area, we can help you finance any home project to meet your specific needs.

Purchase Loans

Are you a first-time homebuyer or simply looking for a new place to call home? Decorah and Cresco Bank & Trust offers fixed-rate mortgage home loans and adjustable rate home loans to provide more flexibility to meet your unique situation.

Bridge Loans

Are you in between selling your current home and buying a new home? A bridge loan is a short-term loan option that allows you to use the equity in your current home for the down payment on your next property while you wait for your home to sell.

Lot Loans

Looking for a loan to purchase land for future development? At Decorah and Cresco Bank & Trust, we offer loans for bare lots, even if you don’t have plans to build on the lot right away.

Mortgage Refinancing

Your needs change over time - and so can your mortgage loan! Refinancing your mortgage may allow you to qualify for a lower home mortgage interest rate and repay your loans faster. We offer fixed-mortgage rate loans to meet your specific needs.

Home Renovation Loans

From simple home repairs to complex renovations, we’re here to finance your home improvement dreams.

Home Construction Loans

Planning to build the home of your dreams? We’re here to help you every step of the way. With free pre-qualification to help you determine a budget, easy application and approval process, and payments made directly to contractors, let us help you make the most of your plans.

USDA First Time Home Buyer Loans

The USDA home loan program is a federal loan program that assists low to moderate income loan applicants in obtaining housing in eligible rural areas. *To learn more about this housing loan or to apply for a USDA home loan, contact a Home Mortgage Lender.

VA Home Loans

The Veterans' Home Loan Program helps active-duty service members, veterans, and eligible surviving spouses to finance a home. Enjoy the benefit of purchasing a home without a down payment or the added expense of private mortgage insurance (PMI). *To learn more about VA loans or apply, contact a Home Mortgage Lender.

Premier, Comprehensive Mortgage Lending Services

With a variety of traditional home loans and home equity loans, Decorah Bank & Trust is here to meet all of your real estate loan needs. Our home financing customers receive a wide variety of benefits including:

Competitive mortgage rates and terms.
Quick approval time and on-site processing and servicing (before or after-hour appointments are available).
Online and mobile mortgage application technology is easy, secure, and fast. Apply now!
FREE pre-qualification, mortgage interest rate quotes, and home buyer educational resources.
Tax and insurance escrow services are available.
Home mortgage financing is available throughout the United States.
First-time home buyer programs are available.

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From mortgage calculators and mortgage lenders to supporting financial services, such as personal savings accounts, we’re here to provide the financial support you need to live life to the fullest. When you choose Decorah Bank & Trust, you’re getting more than just a loan from a bank, you’re getting the support and resources of a trusted, local financial partner.

Take The First Step Towards Your Dream Home With Trusted Local Lenders

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Meet Our Home Mortgage Lenders

Contact Mortgage Support Team

Jump start your savings! Click to learn more about our savings account options.

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Customers Reviews

"Helpful, friendly, welcoming; gave us a great loan for home improvement which other Water Street bank would only approve lesser amount."

Sandhya C.

"The advertised market interest rate is all that prompted me to make contact with Decorah Bank for my home refinance. I knew nothing about the bank. But .... from the moment I made the call, I was impressed: very personable and friendly people, including the mortgage department manager (and everyone else I had contact with!); always a personal touch; with every question I asked, I had confidence I was getting straight, unvarnished, truthful answers. Despite financing a home in a suburb of the Twin Cities, I was treated with home town warmth and care by the folks at Decorah. I'm a professional person, and have high expectations of those with whom I do business. The mortgage team at Decorah has achieved absolute excellence with what they do and how they treat people, and I can't say enough great things about them."

Todd Rapp

"Laura was so accommodating to us. She answered all of our questions and treated us like a priority. We really didn’t know what we were doing and she took extra time to clarify things. It was way easier than we thought it would be and we know she did a lot of work in the background!"

Julie and Matt Hegdahl

"Becky Mitchell made the whole process a very pleasant/fun experience. She is professional and knowledgeable. Our best closing, ever!"

Pam Felling

"We've enjoyed working with Laura Schmauss, and everyone we've dealt with at Decorah Bank. The entire loan process has been smooth, expeditious, and clearly explained."

Jay Larson

"Great place to do your banking. Highly recommend Becky for first time home buyers. She is kind, knowledgeable, and thorough. She answers all of your questions and is wonderful to work with. Thanks for everything!"

Carson C.

"Becky was such an amazing help when we were getting our bridge loan and then again when refinancing. She helped with every question and continued to check in. It made everything simple for us as first time home buyers."

Anonymous

"We had a great experience with our construction loan through Cresco Bank and Trust! Laura and the team at Cresco Bank made the loan process easy. We felt that Laura and the team were always professional and provided a great customer service experience! We will definitely be happy to go through Cresco Bank for any future loan needs!"

Milan and Katie Grubl

This was our second time working with Becky on a home loan, and there’s a reason we came back after our first experience! It’s been great to work with the bank that I’ve been a member of since I was born. It's a much better experience working with a genuine person as opposed to the larger, online mortgage companies who know nothing about you. We appreciate Becky’s prompt responses and efficiency in helping us close our deal — and despite the high interest rates at this time — we’re very happy with our experience and our new home!