It's time to make yourself at home.
From free pre-approval to a wide selection of home financing options, we’ll help you make Itasca County home.
Benefits You’ll Love
- Competitive rates
- Variety of financing programs
- Purchase, refinance, or build a home
- Local decision-making and processing
- Competitive rates for home purchase, refinance, or construction
- Available for primary residence, second homes, vacation homes, or investment properties
- A wide range of terms customized to your unique situation
- A wide range of financing programs available:
- Conventional Fixed Rate Mortgages
- Construction Loans
- Adjustable Rate Mortgages (ARMs)
- VA Loans
- FHA Loans
- USDA Rural Housing Loans
- Free pre-approval for extra confidence when it comes to securing financing
- Helpful loan advisors with working knowledge of the local real estate market
- Loan advisers registered through NMLS® Woodland Bank NMLS#561743
- Local decision-making and processing
- Helpful, customized service throughout the entire process
Fixed-Rate Mortgage
With a fixed rate mortgage, your monthly principal and interest payments remain the same throughout the life of the loan. The most common mortgage terms are 30 and 15 years. With a 30-year fixed-rate mortgage, your monthly payments are lower than they would be on a 15 year fixed-rate, but the 15 year loan allows you to repay your loan twice as fast and save more than half the total interest costs.
Adjustable Rate Mortgage (ARM)
An adjustable rate mortgage, or “ARM” loan, is a loan type that offers a lower initial interest rate than most fixed rate loans. The trade off is that the interest rate can change periodically, usually in relation to an index, and the monthly payment will go up or down accordingly.
Against the advantage of the lower payment at the beginning of the loan, you should weigh the risk that an increase in interest rates would lead to higher monthly payments in the future. It's a trade-off. You get a lower rate with an ARM in exchange for assuming more risk.
FHA Loans
FHA loans are federally insured, which may require a smaller down payment and may offer a lower interest rate than a comparable conventional loan. The loan must meet the established guidelines of FHA in order to qualify for the insurance.
VA Loans
If you have been a member of the U.S. Military, you may qualify for a VA loan to help you purchase a primary residence. The loan is guaranteed by the Department of Veterans Affairs (VA) and requires low or no down payment.
USDA Loans
A USDA loan (also called a Rural Development Loan) is a government insured home loan that allows you to purchase a home if it is located in a designated rural area with no money down. USDA offers 100% financing at some of the lowest rates of any loan, and you will always have a fixed interest rate.
Residential Construction Loans
If you are planning to build or remodel a home, we can help finance it through a residential construction loan. During the term of the loan, the lender makes payments to the builder as the work progresses and the borrower makes interest payments on only the funds that have been disbursed to the builder. Typically, the construction loan is refinanced into a permanent loan after the home is completed.
Use this calculator to determine your projected earnings from our Kasasa Cash account. Move the sliders or type in the numbers to see your potential rewards.
- Estimated Annual Rewards $0
- Estimated monthly interest earned* $0
- Monthly ATM fees refunded**$0
This calculator compares the costs of buying or leasing a vehicle. There are three sections to complete, and you can adjust and experiment with different scenarios.
- Net cost of buying $0
- Net cost of leasing $0
A fixed-rate, fixed-term CD can earn higher returns than a standard savings account. Use this calculator to get an estimate of your earnings. Move the sliders or type in numbers to get started.
- Total value at maturity $0
- Total interest earned $0
- Annual Percentage Yield (APY)0.000%
Whether it's a down payment, college, a dream vacation...a savings plan can help you reach your goal. Use the sliders to experiment based on length of time and amount per month.
- Monthly deposit needed to reach goal $0
This calculator can help you get a general idea of monthly payments to expect for a simple loan. Move the sliders or type in numbers to get started.
- Estimated monthly payment $0
- Total paid $0
- Total interest paid $0
Additional Service Fees
| Service | Fee |
|---|---|
| Check Printing | Fee depends on style of check order |
| Coin Counting (non customer) | 5% |
| Money Order | $2.00 each |
| Cashier's Checks | $5.00 each |
| Copy of Checks (2 free per month) |
$1.00 each additional check |
| Replace Lost Debit Card | $7.00 |
| Dormant Account Fee (Account is dormant, if for two years (savings or checking account) you have made no deposits or withdrawals to the account) | $5.00 per month |
| Overdraft Charge (fee applies to overdrafts created by any debit including check, in-person withdrawal, ATM withdrawal, transfers, other electronic means, etc) | $30.79 |
| Continuing Overdraft Fee | $6.00 per day after 3rd business day of continued overdrawn account |
| Account Research | $30.00 per hour ($10.00 minimum), $5.00 copy |
| Stop Payments (all items) |
$30.79 |
| Photocopies | $0.25 |
| Wire Transfers (domestic - incoming) | $15.00 Incoming |
| Wire Transfers (domestic - outgoing) | $20.00 |
| Wire Transfers (foreign) | $40.00 |
| Return Item Charge | $30.79 (Items may be presented multiple times if funds are not available. You will be charged each time the item is presented) |
| Check Cashing (not on us/non customer) |
2% |
| Fax (incoming or outgoing) |
$2.00 first page, $1.50 each additional |
| Check Collection | 10% of check or $10.00, whichever is less |
| Automatic Transfer | $5.00 |
| Amortization Schedule | $5.00 |
| Canadian Check Processing | $5.00 per check |
| Notary Fee (non customer) |
$5.00 per document |
| Telephone Transfer | $5.00 |
| Check Free Bill Pay Rush Delivery | $14.95 each |
| BOLT$ P2P | $1.00 per transaction |
| Safe Deposit Boxes | price varies on size |
| Lost Key | $50.00 |
| Drill Charge | $250.00 |
| Undeliverable Statement Charge | $5.00 |
| Deposit Item Return Fee (Business Customers Only) | $5.00 |
Certificate of Deposit
| Maturity | APY | Rate | Minimum Balance to Open Account | Minimum Balance to Obtain APY |
|---|---|---|---|---|
| 30 Day (a, b, c) | 0.09% | 0.08% | $2,500 | $2,500 |
| 90 Day (a, b, c) | 0.50% | 0.50% | $2,500 | $2,500 |
| 180 Day (a, b, c) | 0.75% | 0.75% | $2,500 | $2,500 |
| 12 Months (a, b, c) | 3.25% | 3.21% | $500 | $500 |
| 18 Months (a, b, c) | 1.50% | 1.49% | $500 | $500 |
| 24 Months (a, b, c) | 3.25% | 3.21% | $500 | $500 |
| 36 Months (a, b, c) | 2.00% | 1.99% | $500 | $500 |
| 48 Months (a, b, c) | 2.25% | 2.23% | $500 | $500 |
| 60 Months (a, b, c) | 2.50% | 2.48% | $500 | $500 |
a - Penalty may be imposed for early withdrawal
b - Fee could reduce the earnings on these accounts
c - Ask us for further information about these accounts
Checking Accounts
| Account Type | APY | Rate | Minimum Balance to Open Account | Minimum Balance to Obtain APY |
|---|---|---|---|---|
| Prestige Club Account (b, c, d) | 0.02% | 0.02% | $1.00 | $1.00 |
b - Fee could reduce the earnings on these accounts
c - Ask us for further information about these accounts
d - The interest rate and annual percentage yield may change after account opening
Free Kasasa Cash*
| Balance | Minimum Required Opening Deposit | Rate | APY |
|---|---|---|---|
| $0 - $50,000 | $50 | 4.89% | 5.00% |
| $50,000+ | $50 | 0.99% | 5.00% to 2.33% |
| All balances if qualifications not met | $50 | 0.05% | 0.05% |
Qualifications
Earning the full rewards is so easy, you're probably already doing it! To earn your rewards, simply do the following activities and transactions in your Kasasa Cash account each monthly qualification cycle:
- Have at least 10 debit card purchases post and settle
- Be enrolled and receive eStatement notice
- Have at least 1 automatic payment (ACH) transaction post and settle
**If you do not qualify for 6 months on your Kasasa account, we may convert you to the Woodland Easy account, which may or may not have monthly fees.
If you don't meet the qualifications one month, don't worry. There is no penalty, and you still have a free checking account that earns our base interest rate. Plus, you can get back to earning really high interest and nationwide ATM fee refunds the very next month.
Free Kasasa Saver*
| Balance | Rate | APY |
|---|---|---|
| $0 - $9,999,999.00 | 0.99% | 1.00% |
| $9,999,999.00 + | 0.99% | 1.00% to 1.00% |
| All balances if qualifications not met | 0.05% | 0.05% |
Qualifications
Qualifying for Kasasa Cash rewards automatically qualifies you for the highest Kasasa Saver rate too. Simply do the following activities and transactions in your Kasasa Cash account each monthly qualification cycle:
- Have at least 10 debit card purchases that post and settle
- Have at least 1 automatic payment (ACH) or bill payment post and settle
- Be enrolled and receive e-statement
** If you do not qualify for 6 consecutive months on your Kasasa account, we may convert you to the Woodland Easy account, which may or may not have monthly fees.
It's no problem if you miss a qualification cycle. Both accounts are still free and earn our base interest rate. And you can get back to earning rewards the very next month you qualify.
Health Savings Account (HSA)
| Balance | Annual Percentage Yield | Interest Rate | Minimum Balance to Open Account | Minimum Balance to Obtain APY* |
|---|---|---|---|---|
| $5,000.01 and over | 0.20% | 0.20% | $1.00 | $1.00 |
| $2,000.01 to $5,000 | 0.10% | 0.10% | $1.00 | $1.00 |
| $2,000 and under | 0.05% | 0.05% | $1.00 | $1.00 |
Individual Retirement Account (IRA)
| Maturity | APY | Rate | Minimum Balance to Open Account | Minimum Balance to Obtain APY |
|---|---|---|---|---|
| IRA Variable (a, b, c, d) | 0.85% | 0.85% | $10 | $10 |
| IRA 3 Year Term (a, b, c) | 2.00% | 1.99% | $1,000 | $1,000 |
| IRA 5 Year Term (a, b, c) | 2.50% | 2.48% | $1,000 | $1,000 |
a - Penalty may be imposed for early withdrawal
b - Fee could reduce the earnings on these accounts
c - Ask us for further information about these accounts
d - The interest rate and annual percentage yield may change after account opening
Investor's Choice Account
| Balance | Annual Percentage Yield | Interest Rate | Minimum Balance to Open Account | Minimum Balance to Obtain APY* |
|---|---|---|---|---|
| $90,000 and over | 3.25% | 3.20% | $30,000 | $1.00 |
| $30,000 to $89,999.99 | 0.75% | 0.75% | $30,000 | $1.00 |
| $29,999.99 and under | 0.05% | 0.05% | $30,000 | $1.00 |
Fee could reduce the earnings on these accounts
Ask us for further information about these accounts
The interest rate and annual percentage yield may change after account opening
Money Market Account
| Tier | Annual Percentage Yield | Interest Rate | Minimum Balance to Open Account | Minimum Balance to Obtain APY* |
|---|---|---|---|---|
| Tier 1 $2,500 - $14,999 | 0.05% | 0.05% | $2,500 | $1.00 |
| Tier 2 $15,000 - $24,999 | 0.10% | 0.10% | $2,500 | $1.00 |
| Tier 3 $25,000 - $99,999 | 0.10% | 0.10% | $2,500 | $1.00 |
| Tier 4 $100,000 and over | 0.10% | 0.10% | $2,500 | $1.00 |
Fee could reduce the earnings on these accounts
Ask us for further information about these accounts
The interest rate and annual percentage yield may change after account opening
These rates may change after account opening
Savings Accounts
| Account Type | APY | Rate | Minimum Balance to Open Account | Minimum Balance to Obtain APY |
|---|---|---|---|---|
| Passbook Savings (b, c, d, e) | 0.05% | 0.05% | $100 | $1.00 |
| Christmas Club Account (a, b, c, d, e, f) | 0.05% | 0.05% | $1.00 | $1.00 |
| School Club Account (a, b, c, d, e, g) | 0.05% | 0.05% | $1.00 | $1.00 |
| Vacation Club Account (a, b, c, d, e, h) | 0.05% | 0.05% | $1.00 | $1.00 |
| Home Improvement Club Account (a, b, c, d, e, i) | 0.05% | 0.05% | $1.00 | $1.00 |
a - Penalty may be imposed for early withdrawal
b - Fee could reduce the earnings on these accounts
c - Ask us for further information about these accounts
d - The interest rate and annual percentage yield may change after account opening
e - These rates may change after account opening
f - This account matures every November
g - This account matures every August 1st.
h - This account matures every January 8th.
i - This account matures every April 15th.