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Residential Home Mortgages


Whether you are buying your first home, second home, or building the home of your dreams, Peoples Bank has a loan program to fit your needs.

Fixed Rate Loan

With a fixed rate loan, you never worry about your interest rate going up and raising your mortgage payment. That means you’re able to budget better.

We offer a range of mortgage terms to best suit your credit needs. Contact Us to learn more.

Adjustable Rate Loan

An Adjustable Rate Loan or Adjustable Rate Mortgage (ARM) can be your ticket to getting more “house” than you thought you could afford. Thanks to an initially low rate, the lower monthly payment amounts may allow you to borrow more money.

With an ARM, you enjoy a lower, fixed interest rate for a set period of time then the rate adjusts based on financial markets for the remainder of the loan term. So, your monthly payments are lower at first, but then down the road may increase if interest rates go up.

We offer a range of mortgage terms to best suit your credit needs. Contact Us to learn more.


Building a new home may be one of the largest projects you undertake. Peoples Bank offers a smooth transition from construction to permanent home financing – saving you both time and money.


  • Financing up to $2.5 million
  • Available for owner-occupied primary residences and qualified second homes
  • Construction to Permanent Program Available
  • Lot loan financing also available

Contact Dana Anderson at 952.230.9025 for more information today


Refinancing your mortgage can lower your payments, help you consolidate debt, pay for an education and more. Let us help you find the right refinancing option for you.

Benefits of Refinancing

The most common reason to refinance is to take advantage of lower interest rates and thereby save on mortgage costs. Benefits you may realize from refinancing include:

  • Reduce the total amount of interest you pay over the life of your loan
  • Reduce the amount of your monthly payment
  • Pay off your loan faster by reducing the term of your loan
  • Use the equity in your home to get cash

You should be clear about your refinancing goal because refinancing can change a number of things about your mortgage (e.g., monthly payments, risk of changing payments with interest rate changes, or time to repay your mortgage). It is important to know your reason(s) to refinance so that you can decide if the changes will achieve your goal.

Refinancing Options

Get cash out of your home

  • Pay for home improvements
  • Consolidate your debt at a lower rate
  • Get cash for any big expense

Lower your monthly mortgage payment

  • Put more money in your pocket each month
  • Keep your payments from rising
  • Expert advice to help you find the perfect loan

/contact-usContact us today to learn more about what refinance options would best fit your needs.

Home Equity

Your home is one of your most valuable financing tools! If you have lived in your home several years, paid a large down payment, or increased your home’s value, chances are you have lendable equity in your home. You can use the equity for home improvement projects, education, vacations, and more!

Our mortgage experts help you choose the best option for your situation.

Home Equity Loan

You can feel good about getting a home equity loan no matter what you use the money for.

  • Get all your cash up front
  • Enjoy a fixed interest rate for the life of the loan
  • Rest easy with predictable monthly payments
  • Save money with a lower interest rate than most other loans and credit cards
  • Enjoy tax benefits – possibly deduct up to 100% of the interest off your taxes*

Home Equity Line of Credit

Get all the benefits of a home equity loan with the convenience and flexibility of a credit line.

  • Save money with a lower interest rate than most other loans and credit cards
  • Enjoy tax benefits – possibly deduct up to 100% of the interest off your taxes*
  • Draw from your home equity line of credit any time you need it using convenience checks or by using iConnect Online Banking
  • Pay for home improvements, debt consolidation or any large purchases and repay on flexible terms

*Please consult your tax advisor regarding deductability of interest.

Apply Now

Our goal is to help you through the mortgage process from beginning to end. Apply with us in the way that best suits your needs – online, in person, or by phone. It’s up to you.


In Person

Locate the office nearest you.

By Phone

Dana Anderson: 

  • office: 952.230.9025
  • cell: 612.201.6560

Kristine Nelson: (Cambridge/Princeton/East Bethel) 

  • office: 763.691.1341
  • cell: 612.240.0304

Matt Ripley: (Twin Cities/Minneapolis/St. Paul)

  • office: 952.230.9052
  • cell: 612.968.1531

Mike Nielsen: (Twin Cities)

  • office: 952.230.9048
  • cell: 612.618.5335

Home Equity Loan Experts

Keith Dragisich (Cambridge/East Bethel): 763.691.7118

 Amber Wilkinson (Princeton): 763.389.4350

 Jill Ryan (Edina): 952.230.9026

 Sharon Reichenbach (St. Paul): 651.291.5780

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