Great Rivers Mortgage - Our Low Interest Rates

Our Competitive Interest rates

As a Banker/Broker and direct lender, we fund and close most of our own loans. No plain "broker" can beat us!
It also means that all of our loans are designed to fit your specific needs and credit situation. Therefore it is hard to quote one rate online that would apply to everyone. Although you may see Interest Rates published on the Internet and in your local newspaper, these are primarily "teaser" rates that apply to a limited number of borrowers. Your final interest rate will be determined by several factors, including credit score, loan amount, loan-to-value ratio, and debt ratio.

Be careful of focusing too much on a published Interest Rate from sources such as BankRate.com, that appear to be objective, but are really items they push for their paid advertisers. They appear competitive, but may really be a representation of a product that does not relate to your situation, or comes loaded with points or costs you do not want to pay.

We give you real rate and closing cost estimates so you can see specific numbers right up front. NO SURPRISES. Our rates are typically 0.125% to 0.25% lower than the big banks and little mom-and-pop mortgage brokers, with lower closing costs, too.

With our low rates and low fees, you might be wondering about the kind of service or expertise you'll receive. You're in for a pleasant surprise. We've gone to great lengths to streamline the loan process and make it the easiest, most convenient experience imaginable. No appointment needed. No account numbers or shoebox full of financial papers. Just the information that's in your head.

Find out how good it feels to work with a lender that delivers on both price and service. Then you'll know why we enjoys a 98.0% post-closing overall recommendation rating, which we'd like to point out is a far higher standard than mere satisfaction.

Once we review your personal situation, we will be able to recommend the loan that best fits your needs and quote a rate specifically designed for you. There are no costs or obligations for this service. We can assure you that our rates are extremely competitive, and are consistently at the lowest end of what is really available in the market.

Due to the ever-changing nature of interest rates it is almost impossible to keep a web site current. For example, a client may visit the site at 12:00 PM only to call at 2:00 PM and find that the rates have changed.

RATE QUOTES: Our daily rates are available about 10:00 AM.

Please call (651) 552-3680 during normal business hours for the most current, accurate rate quotes designed especially for you and your individual situation.

In order to receive a guaranteed rate, an full application must be submitted and an agreement must be signed by you officially locking the rate. An oral agreement to make a loan at a certain interest rate or number of points is NOT valid or binding until accepted and executed in writing by both parties. Down payment may vary depending upon programs. Any statement of current loan terms and conditions provided by us is not an offer to enter into a loan of a specific interest rate, or points or both, as you may or may not qualify. Any such offer may only be made pursuant to Minnesota Statutes Section 47.206. Disclosure of discount "points" is separate from standard 1% Origination Fee. This origination fee is included in the APR. If the down payment is less than 20%, mortgage insurance may be needed which could increase the APR. Rates subject to change at anytime without notice.