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
  • CONVENTIONAL loans
    • % 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.

Refinancing
-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