Park Bank Specials

  • Jumbo Mortgage Loan Special

    Oct 20, 2014
    • For loan amounts more than $417,000
    • Competitive fixed rate for the life of the loan
    • Local decision making (we're your friends and neighbors)
    • Available on single family, primary residence home purchases and refinance on non-Park Bank mortgage loans
    • 30 Year Fixed Rate
    • 4.000% Interest Rate
    • 4.035% Annual Percentage Rate (APR)*
    • 15 Year Fixed Rate
    • 3.100% Interest Rate
    • 3.156% Annual Percentage Rate (APR)*

    Assumptions: *The payment terms and Annual Percentage Rate (APR) above are calculated using a purchase price of $1,000,000, a 20% down payment with a loan amount of $800,000. Restrictions may apply. Rates as of August 14, 2014. Rates subject to change and program can be withdrawn without notice. Rates and/or fees may vary depending upon borrower’s credit score, loan-to-value, and other factors. This may affect your monthly payment and the loan’s APR. Subject to credit approval. Applies to purchase transactions and non-Park Bank to Park Bank refinance transactions. Rates assume a 60 day lock period and a checking account with direct deposit established with Park Bank prior to closing with auto payment from a Park Bank checking account established at closing. Offer not available on new construction loans. On 30 year fixed loan at 4.000% with 4.035% APR, monthly principal and interest payment is $3,246.42, on 15 year fixed loan at 3.100% with 3.156% APR, monthly principal and interest payment is $4,728.73. Rates expire March 31, 2015.

  • Park Bank Construction Loan Special

    Jul 21, 2014
    • 7 or 9 months loan terms depending on down payment**
    • As low as 5% down payment options**
    • Local decision making (we're your friends and neighbors)
    • Interest only payments monthly on funds disbursed during the construction period with principal due at maturity
    • No closing costs on end loan from Park Bank

    Construction loan rates

    1.85% Interest Rate

    3.258% Annual Percentage Rate (APR)*

    To apply online, click here.

    *Owner generals do not qualify for stated rate. * Stated Annual Percentage Rate assumes 20% down payment, 9 month term and $320,000 loan amount to build a single family owner-occupied home, credit score of 740 or greater and an existing deposit account relationship with Park Bank at time of closing. You would make 8 monthly payments of $ 493.33 followed by one balloon payment of $320,000 at maturity. The monthly payment does not include real estate taxes and homeowners insurance premium. The actual payment obligation may be higher. **All loan terms, including down payment amount, term, and interest rate are subject to underwriting and credit approval which is based upon, but not limited to, credit score, down payment amount and loan to value. Contact your mortgage advisor for guidelines, restrictions, interest rates and loan terms. Available in Dane and surrounding counties. Rates subject to change and program can be withdrawn without notice. Rate expires March 31, 2015. Subject to credit approval.