Mortgage Avenue helps you navigate the ins and outs of qualifying for and securing a home loan. Founder and home-financing expert Mike Louden educates and coaches you on financing options and helps you determine the type of home you can afford. Unlike the impersonal online mortgage companies where you need to fit neatly into their “box” to qualify, we work hard to take care of our customers. We like to meet you in person and learn about your desires, whether you are a first-time buyer moving from the city to the suburbs, are starting a new family, or are empty nesters trying to find a right-sized home.
Sometimes the road to homeownership can get a little rough. Bad credit, divorce, student loan debt, job changes, or just starting out can become roadblocks to getting financing for buying your home. It is easy to make a wrong turn and feel like you have reached a financial dead-end. That is when you need Mortgage Avenue. We help you get yourself back on track and map out a course to your Dream Street.
We enjoy helping people who cannot get a qualified or traditional mortgage. Regardless of your situation, we will work with you to get the most competitive rates and structure a loan that is best for you. With more than 24 years of experience in the mortgage industry, we know the alternatives to securing a home mortgage, even for people challenged by low credit scores or financial crisis.
If you believe you cannot own your own home, it may not be true. At Mortgage Avenue, we know the way to get there. If you feel you are not creditworthy, have income issues or gaps in employment, we can work out a route to improve your credit and get a fresh start.
We have a passion for homeownership here at Mortgage Avenue. We know the feeling it brings and want to make it possible for anyone who shares that dream. Mortgage Avenue is in Shakopee, just south of the Twin Cities in the heart of the beautiful Minnesota River Valley. We live here and enjoy being part of the same community as many of our customers.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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NMLS 1795154