Welcome home to a better mortgage experience
This is much more than a transaction. We understand all that goes into considering a mortgage and the life-changing results that can follow. At KodaBank, you'll find a team of people ready to assist in every way. Because we live here, too!
What to Expect When Applying for a Home Loan
We give you options and make the application process as simple as possible. Meeting you in person is the best way to apply because we can get to know you better while collecting the documents we need for your application. But if you'd rather apply online, by phone, email or mail, you can do that, too.
Start the process today by filling out an application | Residential Loan Application
Gather Your Personal Financial Information
When applying for a home loan, you will need to gather some personal financial information. To help, we have a checklist of all the information you will need.
Follow the Home Loan Application Checklist | Home Loan Application Checklist
Work with Us
Once you have filled out an application and gathered your financial information, you can bring it to any KodaBank branch. One of KodaBank's licensed Mortgage Loan Officers will begin the process of verifying all the information in your application. At the same time, we'll review your credit report and other financial information to help us provide you with the best options available.
Our Home Loan Options
Purchase and Refinance
Whether you're a first-time homebuyers or a longtime owner, you'll find a mortgage suited to your budget and lifestyle. Work with our lending team to explore home loans with fixed and adjustable rates across various terms when you're ready to purchase a home or refinance your existing mortgage. Choose from in-house loans held and serviced locally by KodaBank as well as secondary market loans.
Construction Loans
Bring your blueprints and dreams. We'll supply the financing. When you're building a customized home, our construction loans offer convenient options to make all your dreams come true.
Home Improvement Loans
Your home sweet home could be even sweeter. Get the money you need to replace the roof, remodel your kitchen or finish off the family room in style.
Home Equity Loans
The value of your house can help you qualify for a low-cost loan that you receive in one lump sum. Pay for anything from college education to family vacations. It's the ideal solution when you know exactly how much money you need to borrow.
Home Equity Lines of Credit (HELOC)
With a HELOC, you tap into your home's equity similar to how you use a credit card. You have a maximum line of credit you can borrow against and you pay interest only on what you borrow. As you pay back what you borrow, that money becomes available to you again. Use the money for any expenses that pop up or for consolidating your debt from higher-interest loans.
Still Have Questions?
We understand! There's a lot to consider and address when applying for a mortgage. We're happy to walk you through the process and provide any information you need along the way.
Remember, if you need any assistance, we're always here to help.
KodaBank is a full-service financial institution with branches catering to customers in Northeast North Dakota and Northwest Minnesota. You can find those branches in Drayton, Grand Forks, Fargo, Neche, Walhalla, Minto, Hamilton, Cavalier, and Pembina, ND, and Bemidji, Kennedy, and Stephen, MN.
An Account For Any Lifestyle. Find Yours!
Whether you want a $0 monthly fee or to earn interest on your deposits, we have an account you can feel good about.