Stearns Bank

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Stearns Bank
105 Main Street
Upsala, MN 56384
Phone: (320) 573-2111
Fax: (320) 573-2114

Stearns Financial Services, Inc. is an independently owned bank holding company based in the Midwest. We have banks located in St. Cloud, Albany, Holdingford and Upsala, MN; as well as Scottsdale, AZ. We have more than $1 billion in assets, a nationwide Equipment Finance Division, and an Accounts Receivable Finance Division.

We are a full service bank that offers a wide array of products and services for both individuals and businesses locally and nationwide.

We believe it’s the people who make the difference. We each take special pride in consistent and efficient use of resources while focusing on achieving high performance. We get the job done!

Home Mortgages & Refinance


Stearns Bank has a variety of finance programs to help you realize your home ownership dreams and goals!

Buy A Home

Fixed Rate Home Mortgage

•Long-term fixed rate of interest on your mortgage loan
•Most popular type of loan.
•Allows for precise budgeting

Adjustable Rate Mortgage (ARM)

•Interest rate changes periodically, usually in relation to an index
•Payments may go up or down according to rate changes
•Generally lower initial interest rates for ARMs than for fixed-rate mortgages, because you are assuming more risk.

First Time Homebuyer Program

•Reduced interest rates
•No money down options
•Eliminate the need to pay private mortgage insurance

Build a Home

Construction Loans

•Terms ranging from six to nine months
•Interest only payments until completion

Construction-to-Perm Loans

•One-Time-Close finance program includes lot purchase, construction finance, and perm loan - all in one
•Eliminates the need for second appraisals and additional closing costs
•Interest only payments until completion

Refinance a Home

When to consider…

•Reduce mortgage payment by lowering the interest rate or extending the repayment period
•Decrease interest expense over the life of the loan by refinancing to a lower rate or a shorter term
•Access additional cash for home improvements, education expense, debt reduction or any other needs

©2009 Stearns Financial Services, Inc.