See what home loan options await you!

Have mortgage questions? We have expert answers!

Whether it's your first venture into homeownership or you're considering refinancing, Angie and Shawn Gerhardson have the expertise to clarify your mortgage options. Serving a wide range of clients from Isanti, MN to Orlando, FL, the Gerhardson Mortgage Team at Luminate ensures you're well-informed at every step.

Traditional Mortgage Solutions

The dream of homeownership is alive and thriving with our traditional mortgage options, providing solid, competitive, and adaptable financial solutions.

At the Gerhardson Mortgage Team, we offer a comprehensive approach to traditional loans:

Conventional Loans: Discover financing solutions with a variety of term lengths, down payment options, and attractive rates.
FHA Loans: A perfect start for first-time buyers or those rebuilding credit, with minimal down payment requirements.
VA Loans: Dedicated to veterans, active service members, and select spouses with excellent terms and zero down payment.
Home Equity Loans & Credit Lines: Unlock the financial power of your home for improvements or debt management;

PURCHASE A HOME

Innovative Mortgage Options

Step outside the conventional with our suite of non-traditional mortgage products designed for the unique financial landscapes of our clients.

The Gerhardson Mortgage Team is ready to guide you through:

Balloon Loans: Manageable initial payments followed by a final lump sum, ideal for those with shorter-term residence plans.
Adjustable-Rate Mortgages (ARMs): Start with lower rates that adjust over time, perfect for those anticipating future financial flexibility.
Low-Doc and No-Doc Loans: Reduced paperwork loans tailored for the self-employed or those with non-traditional income streams.
HECMs: A strategic option for clients 62+ looking to enhance their retirement finances by tapping into home equity.

APPLY FOR A NON-TRADITIONAL MORTGAGE

Down Payment Assistance Made Simple

The path to homeownership shouldn't be hindered by the initial financial burden. The Gerhardson Mortgage Team is dedicated to facilitating accessible and affordable homeownership through Down Payment Assistance.

Eligibility Services: We'll identify suitable programs and determine your qualifications for assistance.
Application Process Guidance: Count on us to navigate you through all the steps, ensuring complete and compliant submissions.
Educational Support: Equip yourself with all the necessary knowledge to make the most of Down Payment Assistance opportunities.

SEE IF YOU QUALIFY

Financing Your Dream Home with Bridge & Construction Loans

Whether it's bridging the gap between homes or constructing the one you've always imagined, we provide tailored financial solutions to bring your dreams to life.

Bridge Loans: Smoothly transition into your new home with the financial flexibility that a bridge loan offers.
Construction Loans: From groundbreaking to housewarming, finance your build or major renovations with us.

APPLY NOW

Our Menu of Loan Products

Purchase, Rate-term & Cash-out Available
High LTV Options (up to 89.99%)
Loan Amounts to $3M
Fixed or Arm (Amortized or Interest-only)
Min Fico 680+
Primary, 2nd Home and Investment Properties

Doctor Loans (up to 100%, No MI)
2nd Home and Investment Properties
Bridge Loans*
Cross-Collateralization*
Departing Residence*
Delayed Financing*
RSU*
Unique Properties/Mixed Use*
Non-Warrantable Condos/Condotels*
Multi-Family*
Entity Vesting*
Commercial*

Single-wides* & Multi-wides
Built after 1976
Conventional, FHA, VA, and USDA

HELOCs (Adjustable), 1st Lien Available
HELOANS (Fixed)
Loan Amounts up to $750K
Up to 95% CLTV
Min Fico 640+

90% LTV, Loan Amounts to $30M
Asset Qualifier
Bank Statement, 1099, P&L, 1-Year Self-Employed
Community Mortgage/No Ration
DSCR Investor Cash Flow - DSCR .80%+
Expanded/Alternative Credit Options, 575+
Foreign National & ITIN Borrower Eligibility
Interest-only options* Manual Underwriting, 50% DTI
Purchase, Rate-term & Cash-out Available
Primary, 2nd Home, or Investment Properties

HECM Purchase and Refinance

CONVENTIONAL CONFORMING

Conventional 95%
Standard 97%
High Balance
Lender Paid Mortgage Insurance
Min Fico 620+

CONVENTIONAL NON-CONFORMING

Purchase, Rate-term & Cash-out Available
High LTV Options (up to 89.99%)
Loan Amounts to $3M
Fixed or Arm (Amortized or Interest-only)
Min Fico 680+
Primary, 2nd Home and Investment Properties

FHA LOANS

Purchase 96.5%
Streamline Refi
Cash-Out Refi
High Balance
Min Fico 580+

VA LOANS

Purchase 100%
VA IRRRL
Cash Out 90%
Min Fico 580+

How Our Mortgage Process Works

1. Apply for Pre-Approval

Your first step to homeownership starts with applying for pre-approval. See above for what items we recommend you have on hand.

2. Review Your Options

Once we receive all of your requested documents, we'll schedule a time for us to meet so we can review your mortgage options, talk about the home buying process, and issue your pre-approval!

3. Search for Your Home

Now for the fun part...you can start searching for your dream home! Your pre-approval will show buyers that you're serious and make your offer more appealing.

4. Get An Offer Accepted

Once you find your dream home and your offer is accepted, your interest rate will be locked in.

5. Title Work Ordered

Next, all of the appraisal and title work is ordered.

6. Underwriting

All documents are then sent to underwriting for review - you're in the home stretch!

7. Final Figures

Once underwriting is done reviewing everything, you'll receive final figures for closing.

8. Closing

Now all you have to do is attend the closing with your driver’s license and receive the keys to your new home. Congratulations!

Luminate Home Loans, Inc.

404 Whiskey Road, Suite 1

Isanti, MN 55040

Hours:

Monday to Friday

9am to 5pm

Let's Talk