As a community bank, New Market Bank is nimble and responsive to your home loan needs, with mortgage experts to advise you from application through closing. We have access to an array of mortgage products, construction loans, bridge financing, home equity lines of credit as well as homebuyer assistance programs to ensure you get the financing package best suited to you, your budget and your home. Contact one of our mortgage professionals today for your preapproval.

Buying a new home is a big decision. Deciding on your mortgage lender shouldn’t be. Let the professionals you trust at locally owned New Market Bank help make your home dreams a reality.

New Market Bank offers all the traditional mortgage financing options – FHA, VA and Conventional – as well bridge financing and other options not available through mortgage-only and Internet-based lenders. We’ll deliver a financing package tailored to you and your home, budget and lifestyle.  

We will work with you and your real estate professional from prequalification through closing to ensure everything goes as smoothly as possible.

We have worked with hundreds of realtors who can attest to our professionalism, knowledge and responsiveness. We can provide a reference – or a referral to a realtor we trust – upon request.

Get started on your prequalification today. Contact one of our mortgage professionals today. 

Purchasing out of state?

We can lend in all 50 states, making us a convenient option even if you’re purchasing a home outside of Minnesota.  


New Market Bank can help you refinance your current mortgage to a home loan better suited to your lifestyle and budget of today. Refinancing is useful if you want to:

  • Shorten the term of your current mortgage
  • Reduce your monthly mortgage payments
  • Secure an interest rate more favorable than your current mortgage
  • Finance at a fixed-rate rather than your current adjustable rate mortgage
  • Access the equity in your home to consolidate other debts, finance a home improvement or pay for college

Whatever your reason, New Market Bank can help! Contact our home loan specialists today to start the conversation.


Buying a home can be exhilarating as well as intimidating, especially if you’re a first-time homebuyer. Let the mortgage professionals at New Market Bank ease your stress by guiding you through the financing process. We know the ins and outs of the available types of mortgages and assistance programs for which you may qualify. These include:

HomeReady, Fannie Mae’s assistance program, offers qualifying first-time or repeat homebuyers a Conventional mortgage with only 3% down and a cancellable mortgage insurance option.

Home Possible® from Freddie Mac offers Conventional mortgages with low down payments (3%) for low- to moderate-income homebuyers or buyers in high-cost or underserved communities.

HomeStart grants may help fund your down payment, closing costs or renovations. HomeStart grants are available up to $5,000, and HomeStart Plus grants, for current recipients of public housing assistance, are available up to $10,000. For more details, contact one of our mortgage professionals today and download FAQs on HomeStart and HomeStart Plus.

MHFA Start-Up helps first-time homebuyers in Minnesota secure financing for a down payment and closing costs through low-interest loans.

Other local, state and national assistance programs offered on a limited basis may also be available when you’re ready to apply for a mortgage. Contact one of our mortgage experts today for a financing package combining the best mortgage product and assistance program to fit your needs.   


Building a new home requires financing unlike buying an existing single-family home. You need funding to purchase a lot, pay a builder for time and materials, and then a mortgage to pay for the home once it’s completed. At many mortgage companies or banks, you need two separate loans, resulting in two sets of closing costs. New Market Bank’s convenient single-close, construction-to-permanent loans offer:

  • Financing up to $726,200
  • Funding for a lot and new home construction or sizeable renovations, remodels or additions to your existing home
  • Locked-in permanent mortgage interest rate at application
  • Convenient, interest-only payments on funds dispersed throughout the construction; no taxes, insurance or principal payments are required
  • Seamless transition to a 15 or 30-year mortgage following construction
  • One set of closing costs

Contact one of our mortgage experts today to finance your dream home. Or begin the application process now.



Making Development Possible

New Market Bank has worked with many developers, builders and remodelers to finance new developments as well as their clients’ home construction and remodeling projects. Contact one of our mortgage professionals or commercial lenders to discuss a partnership to make your development and your clients’ dream homes a reality.

In today’s interest rate environment, getting a reduced Interest rate is everyone’s goal.  With New Market Banks Rural Mortgage Program, lowering your interest rate for a purchase or a refinance is now achievable.

This great new program allows many borrowers** to purchase a home or refinance their existing home with a below market interest rate.

Please reach out to one of our experienced loan specialists to discuss this great loan program with you.


**some restrictions apply


How To Apply

We make applying for a mortgage as easy as possible.

Simply click the “apply now” button below to connect to our application website. Once there, choose “get started” and click on the short application. Complete the fields, then click submit.

Upon receiving your application, we will contact you to discuss mortgage programs to best meet your needs.


Mortgage Loan Checklist

To help process your mortgage application, please provide the following items:

  • W-2s for the past 2 years*
  • Personal and, if applicable, business tax returns for the past 2 years*
  • Current pay stub*
  • Copy of your purchase agreement
  • Contact information for your insurance agent
  • Driver’s License*
  • Current mortgage statement*

*Please provide for each party named on the application.

Mortgage Calculator
  • Mary J Hilla

    "New Market Bank's mortgage department makes the entire mortgage process fast, easy and painless."