Great Lakes

Chad Banken

Mortgage Advisor NMLS-248923
Chad Banken

About Me

Since 1996 I have focusing on helping home buyers and real estate investors with their real estate financing goals. As an active real estate investor myself, I leverage my mortgage lending experience to assist investors with Slow Flip Contract for Deed transactions for their tenants ~ tenants who are on the path to qualifying for a mortgage and  homeownership!

Throughout the years I have been recognized as a Top Originator and experienced resource for real estate investors.  I love helping buyers and investors make informed real estate decisions.

My wife Janet and I spend much of our time with our three very active sons. We enjoy traveling, football, basketball and golf. As one of our sons completed treatment for leukemia a few years ago, we actively support the Leukemia Lymphoma Society and the Hopekids organization.
I look forward to working with you towards your real estate goals!

Chad Banken's Reviews
5.0

Why Finance of America Mortgage?

We’re not about pushing loan papers. We’re about moving your dream forward. And we do that through knowledgeable local advisors, a personal approach, and a variety of smart loan options.

Learn More About Why Finance of America Mortgage?

$50B+

Consumer Loans Funded

400+

Local Advisor Branches

Frequently Asked Questions

How many properties should I look at?

The total number of properties you may look at will depend on several factors, such as your budget and the housing availability in your area. In general, real estate agents recommend that homebuyers look at several properties before making a decision, but there is not an exact number. Most people look at 10 homes, at a minimum, so they can compare them. However, you may find the dream house with more or fewer searches.

What is the best way to search for homes?

When it comes to the best home buying tips, there are different ways to search for properties. Statistics from the National Association of REALTORS® reveal that 51 percent of buyers searched and found their homes on the internet, while 30 percent used real estate agents. Other ways to search for homes include asking friends, relatives, neighbors and homebuilders for help. A small percentage of homebuyers used newspaper advertisements and yard or open house signs to search for homes.

Should I get pre-approval before making an offer?

Although a pre-approval is not one of the required steps to buying a house, it can certainly help you stand out in a competitive market with many buyers. A pre-approval can show sellers that you’re serious and capable of getting a mortgage, so they may be more likely to accept your offer.

Branch Location Map

My Office

Edina, MN
7900 78th Street West, Suite 215
Edina, MN 55439
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