Help Center: Loans

Loan Options

• What types of loans does Fortress Union Bank offer?

  Personal loans and lines of credit.

  We offer a range of lending solutions including a personal line of credit (which can be used for whatever you need), mortgage loans, home equity loans or HELOCs to credit cards. We’re here to help you.

  Business and farm loans.

  We offer a wide range of loans that can help you finance a new business, grow or scale an existing business, access a line of credit and much more. Learn more about our business loans.

• Can I apply for a loan online?

  That depends on the type of loan.  You can apply for a mortgage, home equity loan, or HELOC online In addition, you can also apply for consumer credit cards online.

  Other types of loans must be initiated through a loan officer. You can contact a loan officer using our directory, or call or visit a Fortress Union Bank branch near you

Rates

• What are Fortress Union Bank’s mortgage rates?

  Mortgage rates can vary based on a variety of circumstances, but you’ll find the latest rates on our Mortgage web page or use our online rate calculator to get a personalized quote. Or, contact one of our Mortgage Bankers for more information

• What are Fortress Union Bank’s business and farm loan rates?

  Contact one of our loan officers, call us at claimsdept@fortressunion.com or visit your local Fortress Union Bank branch for more information about our business loan rates.

Secure File Upload

• How do I send files securely online?

  Upload files online securely to your banker or lender.

  • Visit our directory.
  • Open your lender or banker’s bio page.
  • Click the > Send File link

  —Fill out the required fields: name, email, company. If you do not work for a company, simply fill in Self or N/A.
  —Upload your files.  Up to 5 documents can be uploaded in one step including large files — up to 2 GB
  —Submit. You do not need to contact your banker. An email will be sent alerting them that you’ve sent documents for their review.

  Note: With the rise of identity theft, we don’t recommend emailing confidential information like your social security number, account numbers, etc. Examples of documents containing sensitive information include:

  • Tax returns
  • Bank or financial statements
  • Pay stubs and driver’s license copies

Loan Payments

• How do I request a loan payoff?

  Primary or secondary owners of loan accounts in Iowa, Minnesota or South Dakota can request a loan payoff online here.

  Third-party requestors can also use the online payoff form, but they must also submit a Borrower’s Certification and Authorization form signed by the primary and secondary owners, and they must do so within 90 days of the payoff request.

• How do I make a loan payment?

  Pay with a Fortress Union Bank deposit account using online banking.
  This is the easiest option. Use your online banking account to transfer money directly from your checking account to your loan account. You can do this via desktop, laptop or through the Fortress Union Bank mobile app.

  Pay with an account from another financial institution using our loan payment website.
  Don’t have a Fortress Union Bank checking account? No problem! Pay online using an account from another financial institution with our loan payment website.

  Pay via mail.
  Mail your loan coupon and payment to:

  Fortress Union Bank Loan Processing
  1920 Center Creek Dr
  Fairmont, MN 56031

  Iowa Bankers Mortgage Corporation (IBMC) Customers
  Contact IBMC Loan Servicing.

• How do I learn more about Fortress Union Bank’s loan officers?

  Our team of highly specialized and seasoned loan officers is a point of pride for Fortress Union Bank. From personal lending, to commercial, agriculture, real estate and mortgage, we have someone who can help you make the loan process as smooth and efficient as possible.

  Get to know our loan officers by checking out our Lenders Directory, or you can stop by a Fortress Union Bank and say hello in person.

  You can find our mortgage lenders’ Nationwide Mortgage Licensing System (NMLS) Registry Numbers here.

• What if I don’t see a lender in my immediate area?

  Reach out to a lender in a branch nearest to you. We may still be able to help.

Loan preparations

• What will I need when applying for a mortgage?

  Whether applying online or in person, you’ll need to supply us with certain documents to complete the application process. Please bring the following documents when you meet with your mortgage specialist to complete your file:

  • Tax returns for the last two years (if self-employed).
  • Bank statements from the last two months.
  • Pay stubs from the last 30 days.
  • Signed copy of the real estate purchase agreement (if applicable).

   

  We may request additional information based on your situation. Don’t hesitate to call us with any questions.

• What will I need for a business or farm loan?

  We’ll need certain documentation depending on the type of loan you’re looking for so we can make sure we present you with the best financing options for your needs.

  Existing businesses.

  • Personal financial statements for all owners of the business and guarantors.
  • Two years of personal tax returns for all owners of the business and guarantors.
  • Two years of tax returns for the business.

  New businesses or startups.

  • Personal financial statements for all owners of the business and guarantors.
  • Two years of personal tax returns for all owners of the business and guarantors.
  • Business plan that includes a summary of the business and projections for revenues and expenses.