Get ready to make your move.
A lender can review your finances, explain available loan programs and help you understand your purchase budget before you tour.
Ask about pre-approval
A clearer path home
Home financing
in Minnesota.
Made clearer.
Know your options. Find your comfort zone. Take the next step toward a home of your own.
Move. Keep. Start with a plan.
Mortgage pre-approvalAlternative purchase optionsFreedom to choose your lender
Start with what works for you
One goal.
More than one path.
SODL helps you explore home financing and connect with a professional. Your lender or financing provider evaluates your options; SODL helps you move through the home-buying process.
Before you fall in love with a home,
get comfortable with the numbers.
get comfortable with the numbers.
Confidence starts here
A budget that fits
your real life.
Pre-approval helps you understand what a lender may offer. Your comfort level determines what you actually want to spend.
- See the full picture.Talk through the down payment, monthly payment, closing costs and cash reserves.
- Make a more informed offer.A lender’s review helps you shop with a clearer financing plan.
- Plan for your buyer credit.Ask SODL and your lender how any available credit can apply to your transaction.
Estimates are educational. Include taxes, insurance, mortgage insurance and HOA fees where applicable.
A person behind your plan
Meet Mike Arvold.
Mortgage Branch Manager · NMLS #616278
Mike and Luminate Mortgage help buyers work through their mortgage options, from the first conversation through closing. Start with your goals and questions, then review the options available to you.
Mike is also a founder of Contract for Deed LLC, a separate company offering an alternative purchase path.
Luminate Bank. SODL is a real estate brokerage, not a lender. Financing is subject to provider review and applicable requirements.
Already have a lender you like?
Keep them. You can use your own lender and share your pre-approval with SODL as you get ready to buy.
See how buying worksContract for Deed LLC
A different path.
An informed decision.
Contract for Deed LLC offers contract-for-deed options in Minnesota and land-contract options in Wisconsin. It may be worth a conversation when a traditional mortgage is not currently a fit.
Understand the arrangement
How is it different?
You make payments under a purchase contract, and the seller generally holds legal title until the agreement is fulfilled. It is different from a traditional mortgage.
- Review the price, down payment, interest and total cost.
- Understand any balloon payment and your payoff or refinance plan.
- Confirm taxes, insurance, maintenance and default terms.
Have an independent real estate attorney review the agreement before signing. Approval and future refinancing are not guaranteed. Contract for Deed LLC is a separate provider, not SODL.
Simple next steps
From “where do I start?”
to “here’s my plan.”
- 1
Tell us what you need.
Send a short inquiry so SODL can help connect you with Mike.
- 2
Review your options.
Discuss your goals and provide any required documents directly to the provider.
- 3
Shop with a plan.
Once your financing path is clear, work with SODL to search, tour and offer.
Your next move starts here
Let’s connect
the dots.
Tell us a little about your plans. SODL will receive your inquiry and help connect you with Mike for a conversation about financing.
- No credit check through this form
- No financial documents needed
- No obligation to use a referred provider
Inquiry received
You’re on your way.
Your inquiry has been saved for SODL to review. Our team will follow up about your next step.
Explore buying with SODLStraight answers
A little clarity
goes a long way.
Home financing questions, answered.
How do I get pre-approved for a home loan in Minnesota?
Start with a licensed mortgage lender. The lender reviews your income, assets, debts and credit, requests supporting documents, and determines whether it can issue a pre-approval letter. You can request an introduction to Mike Arvold through SODL or work with your own lender.
Do I have to use SODL’s preferred lender?
No. You choose your lender. SODL accepts a pre-approval letter from your own lender, and using Mike is not a condition of working with SODL.
What should I prepare for pre-approval?
Your lender may request identification, recent pay statements, tax returns, bank statements and information about debts. Requirements vary by loan program and employment situation. Send financial documents directly through the lender’s secure application process, not through this inquiry form.
Does this form check my credit or approve a loan?
No. This form asks SODL to help connect you with Mike. It does not run a credit check, submit a mortgage application or provide an approval. Ask your lender how and when credit will be reviewed before applying.
How does financing affect the SODL buyer credit?
The amount and use of any buyer credit depend on the transaction, available compensation, SODL’s agreement and lender requirements. Ask SODL and your lender to confirm how a credit can apply before making an offer. A pre-approval letter alone does not guarantee a credit or final loan approval.
What is a contract for deed?
A contract for deed is a purchase arrangement in which the buyer makes payments to the seller and the seller generally retains legal title until the contract is fulfilled. It differs from a traditional mortgage. Review the down payment, total cost, title, taxes, insurance, default terms and any balloon payment with an independent real estate attorney before signing.
What if I do not qualify for a traditional mortgage?
Ask Mike to review your situation and explain available options. Contract for Deed LLC is a separate company offering contract-for-deed options in Minnesota and land-contract options in Wisconsin. Availability, property eligibility and terms require individual review; approval is not guaranteed.
How long does pre-approval take?
Timing depends on the lender, loan program and completeness of your documents. Ask Mike or your lender for a timeline based on your situation. Pre-approval remains subject to conditions and is different from final loan approval.
Does SODL receive a mortgage referral fee?
SODL does not receive referral fees or compensation for referring buyers to its preferred mortgage lender. You remain free to compare lenders and choose the provider that works for you.
Your next chapter
starts with a conversation.
Find my financing path SODL does not make lending decisions. Information is educational and is not a commitment to lend.
