Buying a new home should be a pleasant experience.
We’d like to help make it that way by taking the worry out of applying for a mortgage. Click here to start your application.
Applying online is as easy as 1-2-3.
- Apply Now and complete the application.
- When you have completed the application, click submit and your information will be reviewed for instant online approval.
- A Granite Falls Bank Loan Officer will follow up to answer your questions.
We understand that all borrowers have various needs Granite Falls Bank can be flexible and creative to meet those individual needs. Our goal is to provide the highest level of service at competitive rates. Our Loan Officers are only a phone call away if you need help. Contact us at 320-564-2111.
FHA and VA loans are available upon request please call for additional details.
Once you know approximately how much home is in your price range, use the guide below or our convenient Mortgage Loan Calculator to estimate your monthly payments based on the principal and interest. Closing costs are normally paid in a lump sum at the time you take out the loan. Other annual costs such as taxes, insurance and mortgage life insurance are also not included on the chart, but may be added to your monthly payments.
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Monthly Mortgage Payment Guide |
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| Mortgage Amount | 4% APR | 5% APR | 6% APR | 7% APR |
| $60,000 | $286 | $322 | $360 | $399 |
| $80,000 | $382 | $429 | $480 | $532 |
| $100,000 | $477 | $537 | $600 | $665 |
| $120,000 | $573 | $644 | $719 | $798 |
| $140,000 | $668 | $751 | $839 | $931 |
| $160,000 | $764 | $859 | $959 | $1064 |
| $180,000 | $859 | $966 | $1079 | $1198 |
| $200,000 | $955 | $1074 | $1199 | $1331 |
The above rates are for illustrative purposes only. They are based on the Annual Percentage Rate (APR) indicated for principal and simple interest with a term of 30 years. We offer a variety of mortgage plans.
Is Refinancing Right For You? Generally, it’s a good idea for you to consider refinancing whenever the interest rate for mortgages is more than two percentage points below your present mortgage. And whether you apply with us for a new mortgage to buy the home you want, or to refinance your present mortgage, ask about a Homeowner’s Credit Line. It can help you save on fees when you apply; interest when you want to borrow money; and, on taxes at the end of the year. Apply Online today, or for more details, speak to one of our mortgage loan experts at 320-564-2111.
