BankVista offers financial strength and expertise to businesses and consumers with a full range of products including: commercial loans, SBA (small business) loans, cash management services, home loans, personal loans, deposit accounts and more. BankVista’s community focus is solid, providing financial support and volunteer hours to multiple organizations. Areas of expertise include Small Business (SBA) Loans, Mortgage Home Loans and Health Savings Accounts.
Equal Housing Lender
BankVista’s three local mortgage experts are right here in our Sartell office providing one on one personal guidance and communication throughout the entire mortgage process. Their commitment to providing quality service means they’ll work closely with you to make sure you understand the process, products and status of your loan throughout all stages of the buying process. Our experienced lenders know Central Minnesota well, making sure you have the loan that fits your needs. Loan products include: fixed rate, conventional, FHA, VA, new construction loans, ARM, Rural Development and first time home buyer programs.
LouAnn Peterson, Vice President Residential Real Estate
NMLS # 662815
LouAnn M. Peterson grew up in Hutchinson, MN and attended Mankato State University, graduating in 1984. She moved to St Cloud to being her career at Citizens Savings Bank, now known as ING. LouAnn started with BankVista when the bank opened in 2000. In the thirty years LouAnn has worked in the mortgage industry, she has become and FHE DE underwriter and conventional/VA underwriter. LouAnn manages the mortgage department at BankVista. She believes in practicing good customer service and understands your mortgage matters! In LouAnn’s spare time she enjoy’s fishing, boating and antiquing. You can also keep an eye out for LouAnn at a Twins game!
Tom Templin, Vice President Mortgage Lending
NMLS # 662814
Tom Templin has enjoyed 24 years in the banking industry following his graduation from St Cloud State University with a degree in finance. For the last 14 years, Tom has helped clients at BankVista with new construction, purchases and refinance loan options. Minnesota Housing recognized Tom as a leader in First Time Homebuyer Lending. Tom is actively involved in the community, serving as past Sartell Chamber President as well as chairing various community events. He enjoys spending time with his family, golfing, reading and coaching. Tom, his wife Jacki and their 4 children reside in Sartell.
Bill Pennings, Residential Mortgage Consultant
NMLS # 401967
Bill Pennings graduated with a degree in Business Administration & Management from Southwest State University in Marshall, MN. For over 40 years he has been in the banking business with the last 20 spent in Mortgage Banking. Besides work, Bill’s hobbies include singing Baritone with the St Cloud Singing Saints Barbershop Chorus, golfing, pickle ball, hunting and camping. Bill has enjoyed 40 years of marriage with two children & 4 grandchildren. Bill has helped many families over the years, now working with the third generation in many cases!
1. Get a pre approval letter before you begin looking for a home. This tells the seller you are a serious and qualified buyer.
2. Don’t choose a lender based solely on a lower rate. Compare other costs and fees for closing and the life of the loan.
3. Ask prospective lenders for a good faith estimate. This will give you a true picture to compare lending offers.
4. When selling your existing home – do not skip the appraisal.
Questions For The Mortgage Expert:
What types of projects can MN Housing Fix Up Fund Money be used for?
Porches, decks, kitchen remodels, bath remodels, Central Air Conditioning, windows, doors, siding, roofing, basic garage and septic system upgrades are among the projects this fund may cover.
Am I able to do my own work when using MN Housing Fix Up Fund Money?
Yes, often times the home owner is able to do their own work. They will need to submit a material estimate and the payment would be made directly to the vendor.
What are some of the benefits of using home equity loans to finance remodel projects?
- Longer terms then you would find with a credit card or personal loan
- Interest is most often times tax deductible
- Improvements to your home before putting it on the market may help increase your asking price
Have A Question? Ask The Experts!
LouAnn Peterson: (320) 257.1973 firstname.lastname@example.org
Tom Templin: (320) 257.1974 email@example.com
Bill Pennings: (320) 257.1965 firstname.lastname@example.org