We have a variety of mortgage loan programs to meet your needs. You'll receive friendly, personalized service every step of the way, from the initial application to closing.

Conventional, Insured Conventional, FHA, and VA Loans

Our secondary market loans are extremely competitive with terms from 15 to 30 years. And we offer both fixed and adjustable rate programs.

Stay-At-Home Loans

It's one way we help re-invest in our community. Payments and servicing of your loan are done right here so we’re always available to answer your questions. It also means we have the flexibility to meet your special lending needs.  Perfect for people with acreage or owner/builders.

Home Equity Line of Credit

Access the equity in your home simply by writing a check. Low monthly payments and a ten-year balloon make this an easy way to get cash in a hurry.

Home Improvement Loans

Looking to remodel or improve your current residence? Our home improvement loans are just the ticket. Add a deck, screen porch, garage, re-carpet… you decide. We have a variety of programs and terms that fit any budget.

Home Equity Loans

Use the equity in your home to pay for college tuition, automobiles, or to refinance high-interest credit card debt - the choice is yours. The interest may be tax deductible.

Construction Loans

We save you money. At Brainerd Savings & Loan, your construction loan is your home mortgage so you save on costly closing fees by having one loan with one closing.

Economic Commentary By Ingo Winzer May 5, 2011 Speculative bubbles, Wall Street shenanigans, and government policy can have a large effect on home prices, as we now know all too well, but the strongest force in real estate markets is population. The US population grows about one percent per year; that equals 3 million people, all of whom need a home. With two and a half people per household, and two thirds of households living in a single-family home, that equals 800,000 homes. Throw in the fact that some existing housing is always being torn down and you get about 1 million new homes needed each year. The main reason that real estate markets are taking a long time to recover from the recession is that about 5 million more homes were built during the boom than were needed. Simple math tells us it will take five years to absorb them. Of greater immediate interest is that population grows in some markets and shrinks in others, mainly because Americans [unlike Europeans, for example] aren't shy about moving. Migration slows when the national economy is poor, but it's picked up again. A dozen markets had an influx of migration of more than 5 percent over the last three years, a big number that will soak up excess housing in those markets and probably create housing shortages in a few years. The list includes Raleigh, Myrtle Beach, Austin, New Orleans, Charlotte, Wilmington NC, Olympia WA, Huntsville AL, and Greeley CO. On the other hand, big losers included Detroit, Flint, Fort Walton Beach, Wichita Falls, Grand Forks ND, Virginia Beach, Lansing, and Youngstown. Not far behind were Los Angeles, Honolulu, Cleveland, Fort Lauderdale, and New York. About the Author: Ingo Winzer is President of Local Market Monitor, and has analyzed real estate markets for more than 20 years. His views on real estate markets are often quoted in the national press and in 2005, he warned that many housing markets were dangerously over-priced. Previously, Ingo was a founder and Executive Vice President of First Research, an industry research company that was acquired by Dun and Bradstreet in March 2007. He is a graduate of MIT and holds an MBA in Finance from Boston University. He resides in Cambridge, Massachusetts. www.LocalMarketMonitor.com