Welcome to the online home of North Star Mortgage. We are located in Mankato Minnesota.  We've been helping people purchase or refinance home mortgages for 25 YEARS!  We use a wide range of mortgage loans to help our clients find the best loan option.  Hopefully, this website will help you understand the different loan options and the process.

If you are looking to purchase a home, we have:
-USDA (RD) loans
        -No money down
        -Credit scores down to 620
         -3% down payment
         -Extremely competitive rates    
         -Credit scores down to 620
-FHA loans-Great alternative to conventional loans
          -3.5% down payment. 
          -Credit scores down to 600
-VA loans
           - No money down.
           -We take pride in helping our Veterans
           -Credit scores down to 600

*Down payments can come from a variety of sources.

First time home buyers are a main focus. We know that purchasing a home can be an intimidating process. 
It's important to us to make the process as smooth and as easy to understand as possible. We are very familiar with the best home loan options for first time home buyers.

-Interest rates are very low. 
Even a small change in the interest rate can make a difference.  Also, there are new government programs that are designed for homeowners who owe more on their mortgage than their home is worth. 

Regardless of your mortgage needs, North Star Mortgage has the knowledge and the honest experience to help you. Please feel free to call or text me at 507-380-1535

Erik Olson-Owner/Mortgage Consultant

“It was a true pleasure working with Erik.  He was extremely knowledgeable and kept us informed during every step of the process.  He did everything he said he’d do, and truly exceeded our expectations.  I would refer anyone looking for financing to Erik, a true professional, and a wonderful resource.”
Thanks again for everything…we appreciate it!
 Dr. Steven J. Johnson, CPA, CITP


Find the solution that fits your needs.

Purchasing a Home?

Turn the home of your dreams into reality. Whether you are buying your first home, second home, or vacation property, use this FREE self-help tool to determine exactly what type of purchase loan is best for you.


Need to Refinance?

Save money by taking advantage of the lowest rates available. Whether you are looking to lower your rate, lower your monthly payment, or tap into your home's equity, use this FREE self-help tool to determine exactly what type of refinance solution is best for you.


Consolidating Debt?

Use your home to help eliminate bad debt and bundle your bills into one easy monthly payment. Whether you need to pay off high-interest credit cards or you just need cash now, use this FREE self-help tool to determine exactly what type of debt consolidation program is best for you.



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