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Pine River State Bank


Real Estate Loans

We have a number of mortgage options to help you pursue your dreams. Whether you are looking to purchase your first home, that cabin on the lake, or want to refinance an existing loan, Pine River State Bank is here to serve you. We also offer Land Loans, Construction Loans, Home Equity Loans and Lines of Credit, and Minnesota Housing Finance Agency Fix-Up Fund Loans. Our friendly loan officers will help you determine the best type of loan for your current financial situation. Here are the types of loans we offer:


We make our decisions here "In-House," and we fund and service our loans right here at Pine River State Bank. We still operate this way so our loan officers are able to offer quick, flexible, and convenient financing for most situations. We pride ourselves in knowing and understanding your unique circumstances.

Fixed Rate

We offer fixed rate mortgages, where the monthly payment of principal and interest stays the same for the duration of the loan term. Our fixed rate loans can either balloon after the term expires or be fully amortized.


Pine River State Bank offers construction loans for primary and seasonal residences. Our Loan Officers may approve up to a 12 month construction term, plus we will offer advice on permanent financing options when your construction is complete. If you are looking to remodel, expand, or just build the home of your dreams, give us a call.

Home Equity

A Home Equity Loan is a consumer loan secured by a homeowner's equity in your home. Quick Tip, mortgage interest is often tax-deductible; ask your tax professional if you qualify.

Home Equity Lines of Credit

This is a line of credit extended to a homeowner, where their home is used as collateral. Once a credit limit is established, the borrower may draw on the line of credit at their discretion. Interest is charged on a predetermined variable rate or fixed rate, which is usually based on the Wall Street Journal prime rate. Once there is a balance owing on the loan, the homeowner can choose the repayment schedule as long as minimum interest payments are made monthly.