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Home Loan Options

Home Home Loans Loan Options
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BUY A HOME   |   BUILD A HOME   |   REFINANCE A HOME

 

Whatever is next for you, Park Bank can help you find the right home loan.
Apply for a new home loan today or refinance your current home.

 

Buy a Home

In today’s dynamic and competitive market, you want to have an offer that stands out. You also want to feel secure and confident in your home financing. Park Bank’s experienced Mortgage Advisors will help you navigate all of your loan options to find the right choice for you and your family. And a Park Bank pre-approval, which is fully underwritten and guarantees financing, helps move your offer to the top of the pile.

 

What is it?

Consider if ...

Fixed Rate Mortgage

Your monthly payment and interest rate remain constant for the life of the loan so your rate will not be impacted by market fluctuations. Down payments as low as 3%.

You plan on staying in your home for an extended length of time and prefer having the stability of knowing your payment will stay the same throughout the life of the loan.

ARM (Adjustable Rate Mortgage)

Your initial monthly payment would typically be lower with a potential rate shift based on your ARM terms. Interest rate is fixed for a set number of years before adjustments may occur.

You are planning on selling your home in a few years or would be willing to refinance if the rate goes up. ARMs usually help give you more buying power with a lower initial interest rate.

Jumbo Loan

Fixed or Adjustable Rate

Fixed rate mortgages are available in loan amounts up to $1 million while ARMs are available in amounts of $510,400 to $2,000,000.

You need a loan amount greater than $510,400.

WHEDA (Wisconsin Housing and Economic Development Authority)

Fixed Rate

Available for first-time home buyers and previous property owners with down payment options as low as 3%.

You have a moderate income and want a low down payment.

Apply Now

 

 

 

Build a Home

Building a home can be a stressful process – you will make hundreds of decisions from cabinet color to floor plan to the location of light switches. The last thing you want is the added stress about your financing. Park Bank’s Mortgage Advisors have not only helped their clients through the construction process – they have gone through the process themselves. Park Bank has worked for years to develop and maintain strong relationships with the building community and have proven to be one of Dane County’s top new construction financing providers.

 

What is it?

Consider if ...

Park Bank’s Construction-Only Financing

A short-term, interest-only loan where you only pay on the funds disbursed. Once your home is built, if you keep your financing with us, you will not pay closing costs on the end loan.

You want to take the step of building a new home.

Apply Now

 

 

 

Refinance a Home

The key to financial success can often come down to the knowledge, experience, and ability of the team of advisors you surround yourself with. Whether you are looking to lower your costs, pay your home off more quickly, or use your home’s equity to consolidate higher cost debt, you want to have a team on your side who can help you develop a refinancing strategy that will help you achieve that goal.

 

What is it?

Consider if ...

Fixed Rate Mortgage

Your monthly payment and interest rate remain constant for the life of the loan so your rate will not be impacted by market fluctuations. Down payments as low as 3%.

You plan on staying in your home for an extended length of time and prefer having the stability of knowing your payment will stay the same throughout the life of the loan.

ARM (Adjustable Rate Mortgage)

Your initial monthly payment would typically be lower with a potential rate shift based on your ARM terms. Interest rate is fixed for a set number of years before adjustments may occur.

You are planning on selling your home in a few years or would be willing to refinance if the rate goes up. ARMs usually help give you more buying power with a lower initial interest rate.

Jumbo Loan

Fixed or Adjustable Rate

Fixed rate mortgages are available in loan amounts up to $1 million while ARMs are available in amounts of $510,400 to $2,000,000.

You need a loan amount greater than $510,400.

Apply Now

 

 

What next for you? Whether you're a first-time buyer or are looking for your next dream home, Park Bank wants to help you get there. Get started by estimating what your loan could be with our no-obligation rate quote tool. When you're ready, start your application. Our Mortgage Advisors are here to guide you every step of the way. 

View our NMLS registry here.

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