Joe Bydzovsky
Mortgage Loan Officer
NMLS#270628
- Office: (651) 209-2911
- Fax: (651) 305-5853
- Send e-mail
Awards
Meet Joe
As an experienced loan officer, my goal is to provide you with individual solutions tailored to your specific needs. I review all the details and objectives with you to ensure that everyone is on the same page. I want my customers to remember the smooth process long after the closing is completed. I have access to a large variety of financing options designed to meet the needs of the first-time homebuyer as well as the experienced owner. By providing in-house origination, processing, underwriting and funding services, I can ensure that your loan will be completed accurately, smoothly and in the loan that best meets your needs. This positive experience is why past customers, real estate and financial professionals continue to refer me to friends, family, clients and co-workers. I believe you will too!
I’ve built my reputation on providing outstanding service to my clients. That means you can count on me to always look out for your best interests, and to keep you informed throughout every step of the lending process.
FEATURED PRODUCT
Conventional Mortgage
A conventional mortgage is one of the most common types of home financing. They offer terms ranging from 10 to 30 years with fixed and adjustable rate options. This loan type is ideal for homebuyers who have the ability to put more money down at closing. although the minimum required down payment can be as little as 3%!
A larger down payment (20% or more) can eliminate the need for mortgage insurance, ultimately lowering your monthly payment! Gifted funds are allowed towards your down payment and closing costs.
You may purchase a primary residence, secondary residence, or investment property via a conventional loan.
BUY
Homebuying Solutions
For first-time homebuyers, move-up buyers, second home purchases, and investment properties. Lake Area Mortgage is dedicated to making the entire process smooth and simple.
- Low closing costs
- Competitive rates
- Affordable first-time homebuyer programs
- Access to numerous down-payment assistance programs
- In-house processing, underwriting and closing department
BUILD
Building Your Dream Home?
Lake Area Mortgage makes financing easy with our Single-Close Construction Loan – one loan, one set of closing costs.
- One closing at start of construction
- Extended locks available
- Interest-only payments during construction
- Flexible down payment options
- One application and one approval process
REFINANCE
Thinking About Refinancing Your Mortgage?
We’re here to help you take the next step. Lake Area Mortgage can help you determine whether refinancing is right for you.
- Lower your mortgage payment
- Lower your interest rate
- Consolidate 2nd mortgage
- Shorten your mortgage loan term
- Change your home loan type
- Cash-out refinance option
REMODEL
Don’t Move. Improve!
The Lake Area Mortgage Renovation Loan provides a simple and convenient way for borrowers to finance home improvements and renovations.
- Interest-only payments during construction
- Increase your property value
- Avoid taking out a second mortgage
- Borrow against the as-improved value of the property
- Purchase and renovate a fixer-upper
- Perfect for additions or finishing basements
Mortgage Calculators To Help Plan Your Home Purchases
Down Payment Assistance Program Search Tool
Powered by Down Payment Resource®
This interactive tool identifies the various Down Payment Assistance programs a first-time homebuyer may qualify for based on their unique personal circumstances and the location of the property they’re buying. It is intended for use by Homeownership Advisors. The Minnesota Homeownership Center does not administer the content of this tool.
Our Easy Loan Process
Let’s Talk About You
Set up a meeting with your mortgage loan officer to discuss your home financing needs, goals, and current fiscal situation. Be prepared to provide information on your current income, assets, and liabilities. You’ll also need to agree to a review of your credit report. We’ll use this information to provide a pre-qualification for a loan, including the loan amount that you qualify for.
Shopping for a home with pre-qualification is shopping with confidence!
Apply Online
Your loan officer will provide you with a more detailed list of required documents for your official loan application. The documents required to approve and underwrite your loan can vary depending on program, credit score, and job type.
During this step, you’ll also be looking to make an offer on your new home.
Let Us Do The Work
Once your offer to purchase a home has been accepted, your loan officer and their team will begin processing your file for underwriting. During this time, we may request additional items that we need to approve your loan.
Generally, your rate will be locked at this time and an appraisal will be ordered.
Underwriting Process
Our in-house underwriting team will review the file to issue a loan decision. Your approval may require you to submit additional items. Once these extra items are submitted, we’ll be able to obtain final approval in 24 to 48 hours and your loan will be clear to close!
After your loan is clear to close, you will be notified of the exact amount of money you will need to bring to closing.
Clear to Close
Once you sign the final loan documents, the transaction will be completed and closed.
Congratulations!
If your loan was a purchase, you’re a new homeowner! Your real estate professional will have your house keys at closing or schedule a time to deliver them.
If your loan was a refinance, enjoy the benefits of your new loan!
Our History
Lake Area Mortgage is proud to have been a top local lender with a reputation for providing expert mortgage loan services since 2007. Lake Area Mortgage is a division of Royal Credit Union, meaning that by obtaining a Lake Area Mortgage loan you also become a Member of Royal Credit Union. During the loan process, you’ll open a Royal Credit Union savings account as your share in the credit union and gain access to all the accounts, loans, and services that Royal Credit Union offers.
Our #1 Priority is your Satisfaction
All stages of the loan process are handled here, at Lake Area Mortgage. You’ll appreciate our experienced staff, in-house processing, underwriting and closing department to help ensure the loan process goes smoothly.
We pride ourselves on having award-winning loan officers who are dedicated to helping customers land their dream homes. Our local market knowledge can be key during your homebuying process.
