Why Mark Svihel & Lake Area Mortgage, a Division of Lake Area Bank?

Why we truly believe your home loan shopping can end here.

What sets Mark and Lake Area Mortgage, A Division of Lake Area Bank apart is we act like a mortgage broker in addition to being a mortgage banker. Traditional mortgage bankers only have their bank’s interest rates and credit guidelines for you to choose from. Not all rates and terms are the same. Shopping for a mortgage is an important part of the process. Why limit yourself to what potentially would be a higher rate and fees? As a mortgage broker, Lake Area Mortgage has relationships with many of the big banks. We have access to their rates, fees and programs. Mark will best place your loan based on your unique situation, with your approval of course! We have national searches for the best rates!

We are also a Mortgage Banker. Lake Area Mortgage is a Division of Lake Area Bank. A Minnesota based bank with a strong history of keeping mortgages, servicing them and doing what it takes to be a strong lender in Minnesota and nationwide. In some cases people don’t want their mortgage serviced and payments made to one of the big banks. Maybe your employment situation is unique? We have the ability to make in house credit decisions, or a common sense credit decision that can be the most important thing between the dream of home ownership and years of renting. That, along with the comfort of knowing your payments are being collected and serviced at a local Minnesota office versus a big, out of state P.O. Box can set some people’s minds at ease. Our bank affiliation allows us to offer great one time close new construction mortgages, and are very good at new construction mortgages in general. We do mortgages all the time that some other lenders just can’t do!

Down payment assistance and first time homeowner loans are our specialty! We are a leading lender in this area. Many, many lenders just will not do these loans. They are too much work, too complicated, need credit improvement assistance, and just don’t make them enough of a return. Mark has access to down payment assistance loans, and loves to do them! Don’t let lenders tell you they are not a good deal or they come with too high of an interest rate. They are a great deal, if you qualify!

Mark has been in the business building relationships for over 24 years. He has proven success with over 700 Million of lifetime production. He is truly a mortgage professional. Lake Area Mortgage is the most unique mortgage company there is. If there was a better company…. “I would apply to work there!” We can offer the most completive rates and terms available, while offering the flexibility today’s credit market requires. We are a leader in down payment, first time home concern money. Construction, and one time close mortgages. If it makes sense to be a mortgage broker, we can. If we need to take that hat off and be a mortgage banker we can do that as well. Very few mortgage lenders can make this claim. There is no place I would rather work. If there was I would apply to work there!

When you team up with Mark and Lake Area Bank….you get an honest, experienced, and faith driven professional, backed by the best mortgage company around!

What Customers Say About Working with Mark

We’ve worked with Mark Svihel many times on loans for our home and an investment property we own. We appreciate his tireless efforts to make the process swift and smooth. Always gracious and frank, Mark’s a pleasure to work with.
Beth D. – Minneapolis, MN

I don’t make it a habit to give testimonials. But in Mark’s case I welcome the opportunity to recommend him. My wife Thea and I have refinanced several times with Mark over the years. It has always been a pleasure to work with Mark; each time it was like reconnecting with an old friend. Mark is personable and clearly dedicated to serving the customer. I relied on his knowledge, experience, and good advice and I couldn’t be happier that I did.
Don K. – Minneapolis, MN

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Do you have additional questions for Mark? Call or email Mark today.