| Product |
Product Snapshot |
Features |
| Fixed Rate Mortgages |
Free prequalification from a trusted community bank. This product offers the stability and consistency of predictable monthly principal and interest payments for the life of the loan. |
- Flexible repayment terms
- Purchase or refinance
- Low closing costs
- Fixed monthly payments
- Automatic payment options available
- Escrow of taxes and insurance option available
- No prepayment penalty
- Owner occupied and non-owner occupied properties (1-4 family dwellings and second homes)
- Credit decision made locally
|
| Adjustable Rate Mortgages (ARMs) |
Free prequalification from a trusted community bank. This product traditionally offers a lower initial mortgage payment and flexible underwriting standards. |
- Flexible repayment terms
- Purchase or refinance
- Low closing costs
- Automatic payment options available
- Escrow of taxes and insurance option available
- No prepayment penalty
- Owner occupied and non-owner occupied properties (1-4 family dwellings and second homes)
- Payments adjust after the initial fixed interest period according to your loan program
- Rates are capped to protect you against dramatic increases in interest rates
- Credit decision made locally
|
| Construction Mortgages |
This product offers the flexibility you need to build your dream home and is easily converted to a standard mortgage. |
- Flexible terms
- Fixed rate
- Low closing costs
- Contractor built-turn key homes
- Pay interest only on funds as you need them
|
| Wisconsin Housing and Economic Development Authority (WHEDA) |
First time home buyer option to purchase a home.
This product is for first-time home buyers in the state of Wisconsin. |
- Income requirements
- Purchase price limits
- Low down payment
- Traditionally lower interest rates
- Competitive closing costs
|
