Mortgage Loans

Lake Elmo Bank has been providing home, lot and construction financing for more than 100 years. Our tradition of service combined with our knowledgeable staff makes our Mortgage Loan Program a nice fit for any home financing needs.

Outstanding Products & Services

  • Traditional Long-Term Mortgage
  • Construction Financing
  • Lot Financing
  • Variable Rate Options
  • Pre-Approval Letters

Contact one of our Mortgage Lenders for more details or email

Pete Johnston

Lending Manager
Lake Elmo Office
NMLS 284286
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Patty Swanson

Loan Officer
Stillwater Office
NMLS 446743
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Leah Mackie

Loan Officer
Oakdale Office
NMLS 695794
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Home Equity

Home Equity Loans and Lines Of Credit

Borrow against the equity in your home to make your dreams a reality. Use a Lake Elmo Bank Home Equity Loan for vacations, weddings, cars and other special purchases. Consult your tax advisor for possible tax advantages.

Home Improvement

Home Improvement Loans

Fixed-rate loan packages available for home improvement projects. Contact a Personal Banking Officer for current rates and terms.

Community Fix Up Loans

Community Fix Up Loans

Lake Elmo Bank is pleased to partner with the City of Oakdale and Minnesota Housing to provide home improvement financing to Oakdale residents*.

Replace the roof. Update electrical or plumbing systems. Save on your energy bill with new heating or central air. From small projects to larger remodels, a Community Fix Up Loan will help you achieve your vision and stay on budget.

  • You can tackle your to-do list. Loans range from $2,000 – $15,000 and many types of projects are eligible, including foundations, siding, roofs, HVAC, electrical, plumbing and more. Additions including garages and porches are not eligible.
  • It won’t break your monthly budget. Low fixed interest rate and repayment terms up to 15 years.
  • It’s available to more homeowners than you may think. Income limits go up to $100,000 for households of two or fewer people and $115,000 for households of three or more.

If you currently own and occupy a 1-4 family home in Oakdale, contact Jenni Blank (NMLSR ID 553038) at or 651.748.2288 to learn if your project is eligible.

Jenni Blank
Personal Banking Officer
NMLS ID 553038

*Applicants must meet qualifying criteria and all requests subject to credit review and approval. Your loan term is determined based upon the amount borrowed. Funds are not available for mobile homes. Payment example for a $10,000, 10-year loan at an annual percentage rate of 2.10% would be $92.02/month. Property insurance required and flood insurance may be required. Fees ranging from $313 to $400 apply. Limited funds available.


Personal Loans

Loans designed to fit your personal needs – from auto purchases to single-pay loans.

Installment Loans

With terms and a monthly payment plan to meet your needs, an installment loan can work for you.

Line of Credit

Consumer Lines Of Credit

Attaching a pre-approved line of credit to your checking account makes it possible for you to make that special purchase just by writing a check.

COVID-19: Effective November 23, 2020 - Lake Elmo Bank will be closing all bank lobbies to an appointment-only basis. We continue to be here to meet all of your banking and financial needs. Click here for more information