Hurray our bank lobbies are open! If convenience is what you’re looking for, our online banking is always available or feel free to use our drive thru.

Mortgage Loans

The advantages of home ownership are clear.

According to the National Association of Realtors®, 95% of homeowners say it makes more sense to own than rent, 88% report home ownership has been a positive experience, and 77% say owning a home helped them achieve long-term financial goals.

Kerndt Brothers Bank has experienced mortgage lenders.

We know buying a home is a huge financial decision. That’s why we offer a wide selection loan options to help you realize your dream of home ownership or to finance your next home.

Applying for a home loan has never been easier.

Our experienced mortgage lenders are here to answer all your questions.

You can begin the home loan application process online, from the comfort and privacy of your home or office. This is the most convenient approach as you’ll have easy access to all your personal information at your fingertips.

You can always call or meet with one of our mortgage lenders and they’ll help you complete the application process. You choose which option is easier for you.

At Kerndt Brothers Bank, we offer several types of home loans. Following are brief descriptions of each.

Fixed Rate Mortgage Loans

A fixed rate mortgage is the most common type of home loan. Once you lock in an interest rate, it remains the same. This fixed amount brings many people peace of mind.


The interest rate, monthly principal and interest payments stay the same for the entire life of the loan

If you choose a 30-year repayment plan, your monthly payments will be lower, but you’ll pay much more interest over the term of the loan.

A 15-year mortgage, by contrast, has higher monthly payments, but you’ll pay much less total interest for the duration of the loan. Both are worth considering.

Let our mortgage lenders help you decide which type of fixed rate plan is best for you. And remember, nothing is set in stone. Depending on your income, your life circumstances, or current interest rates, you can always refinance from a 30-year to a 15-year loan, or vice versa.

Portfolio Mortgage Loans

Portfolio mortgage loans are an excellent option for many homebuyers. Also called balloon loans, these loans have a fixed rate term for up to seven years. However, your payments can be amortized up to 30 years so you can take advantage of lower monthly payments.

Once the term reaches maturity, these loans can easily be renewed if your payment performance has been good. Portfolio loans are generally not sold on the secondary market so they can be easier to qualify for than long term fixed rate mortgages. These loans are also a good option for non-traditional property, large acreages, and hobby properties.

You still need a good credit history and satisfactory income to expense levels, but Portfolio Mortgage Loans are underwritten and approved by Kerndt Brothers personnel and funded by Kerndt Brothers depositors!

FHA, VA and Rural Development Real Estate Loans

Kerndt Brothers lenders can assist you with applications for a FHA, VA, or Rural Development mortgage loan. These types of loans are funded by external agencies, but we’re here to help you access these opportunities.

At Kerndt Brothers Bank, we can be your experienced and local community mortgage lender. Contact us today to see how we can help with all your home loan and financing needs.

  • Contact a Kerndt Brothers Mortgage Lender:

  • Jessica Erdman

    Branch Manager II, NMLS# 1502052

    Cedar Rapids Office

    319-378-8100 Ext. 0501

  • Julie Papp, Kerndt Brothers Bank Lansing Branch Manager

    Julie Papp

    Personal Banker, NMLS# 1410126

    Lansing Office

    563-538-4231 Ext 0101

  • Tracy Nydegger, Kerndt Brothers Bank Vice President & West Union Branch Manager

    Tracy Nydegger

    Vice President
    Branch Manager, NMLS# 788833

    West Union Office

    563-422-6072 Ext 0301