Mortgage Rate Relief Showcases the True Meaning of Community Banking for Sherburne State Bank and Local Small Business Owner
Last Updated on October 8, 2025
Sherburne has helped many of its customers use the Mortgage Rate Relief program to achieve their homeownership dreams across central Minnesota.
Jesse R., a small business owner for four years, was going through the home buying process for the first time since starting his own small business. Through his dad, Jesse connected with Tanya Danielson, executive vice president at Sherburne State Bank.
Working with Danielson, Jesse learned he qualified for Mortgage Rate Relief. With a lower monthly mortgage rate from Mortgage Rate Relief, Jesse purchased his new home on a large acreage.
“Tanya was great to work with,” said Jesse. “It has never felt better to be a homeowner. I love my new home, 11 acres and my awesome interest rate.”
Sherburne has helped many of its customers use the Mortgage Rate Relief program to achieve their homeownership dreams across central Minnesota.
“Being in banking for 36 years, there is no better feeling than helping a customer buy a home,” said Danielson. “Our goal with the mortgage rate relief program is to establish relationships with our customers. Learning their stories you cannot help but be proud of their accomplishment of homeownership. That is the true meaning of community banking.”
FHLB Des Moines launched Mortgage Rate Relief in 2024 to lower mortgage interest rates, making homeownership more affordable. The product enables eligible borrowers to receive an approximate 1.5% reduction on their mortgage rate — a game-changer for both monthly affordability and long-term cost.
About Sherburne State Bank
We’re proud to be an independently owned community bank and of the vital role we have in the area we serve. From our owners to tellers, we all live, work, and invest our assets in the local homes and businesses in these same cities.
At Sherburne State Bank, our commitment extends beyond banking services—we are dedicated to strengthening the communities we serve. By keeping your dollars local, we ensure that resources are reinvested where they matter most. This includes providing capital for small businesses, supporting local organizations, and offering mortgages and personal loans that help families and individuals achieve their goals. Our role as a community bank allows us to directly contribute to economic growth and long-term stability throughout the region.
The impact of community banking creates a cycle of continued benefit. Local clients support area businesses, businesses create opportunities for growth, and the results are amplified across the entire community. Sherburne State Bank is proud to foster this cycle by delivering trusted financial solutions while building strong, lasting relationships. When you choose to bank locally with us, you are not only making a sound financial decision—you are also investing in the future success and prosperity of our community.