Mortgage Rates

Interest Rates current as of April 17, 2014

Clink on the links below to find out more about each Account’s Interest Rates.
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Vacant Land Loans

Vacant Land Loans - Minimize (–)

Term  Number of
Monthly
Payments 
Interest
Rate 
APR* 
1 Year  12  3.90%  4.811% 
2 Year  24  4.40%  4.887% 
3 Year  36  4.70%  5.048% 

Notes:
* The Annual Percentage Rate (APR) is based on the following:
A 10-year amortization, $65,000 loan with 0 (zero) points, 20% down and finance charges of $555.00

This information is provided and distributed only to assist real estate professionals and is not intended to extend consumer credit as defined by Section 226.24 of Regulation Z.

Interest Rates and terms are subject to change at any time without notice.

Construction Loans

Construction Loans - Minimize (–)

Account Type  Interest
Rate 
APR* 
1/1 ARM**  2.375%  2.842% 
3/1 ARM**  2.875%  2.934% 
5/1 ARM**  3.375%  3.154% 

Note:
* The Annual Percentage Rate (APR) for the ARM Construction Loan is based on the following:
A $200,000 loan, with a 12 month “interest only” period, followed by a 29 year amortization period. Down payment of 20%, 0 (zero) points, and finance charges of $1,523.84 for an owner occupied 1 family residence. Interest payments are computed from total amount of draws, and are only estimates.

Additional information about our 1 Year Adjustable Rate Mortgage (ARM) Construction Loan - The APR, interest rate and principal and interest payment are subject to increase and can change annually, based on market-driven changes to the Index. Below is a worst case example showing the maximum interest rate and monthly payments if a $200,000.00, 1 year ARM with a 12 month interest only period, followed by a 29 year term was originated at an Initial Interest Rate of 2.375%. This example assumes that the Initial Interest Rate increases to the Maximum Interest Rate of 8.375% as rapidly as possible.

"Worst Case" Example
Period Index% Margin% Rate% APR% Monthly Pymt Remaining Principal
1 - 12 mos 0.12* 2.75 2.375** 2.842** $ 777.31 $195,372.11
13 - 24 mos 1.625 2.75 4.375 4.375 $ 991.83 $191,949.59
25 - 36 mos 3.612 2.75 6.375 6.375 $1226.52 $189,394.32
37 - 48 mos 5.612 2.75 8.375^ 8.375 $1476.96 $187,459.40
*actual index as of 02/25/14 ** Initial rate & ^6% Lifetime Cap attained
APR for year 1
Note: The interest rate will continue to change annually after the 48th payment, but can never be higher than 8.375%

Note:

This information is provided and distributed only to assist real estate professionals and is not intended to extend consumer credit as defined by Section 226.24 of Regulation Z.

Interest Rates and terms are subject to change at any time without notice.

Adjustable Rate Mortgages (ARM)

Adjustable Rate Mortgages (ARM) - Minimize (–)

We offer 1st and 2nd lien Adjustable Rate Mortgages. You can apply online now to get your application started or contact any of our loans officers.

15 - 20 - 30 Year Fixed Rate Mortgages - Service Retained

15 - 20 - 30 Year Fixed Rate Mortgages - Service Retained - Minimize (–)

Account Type  Number of
Monthly
Payments 
Interest Rate  APR* 
15 - Year Fixed  180  3.375%  3.435% 
20 - Year Fixed  240  4.000%  4.047% 
30 - Year Fixed  360  4.375%  4.410% 

Notes:
* The Annual Percentage Rate (APR) is based on the following:
$150,000 loan with 0 (zero) points, 20% down and finance charges of $618.84 for a 1 unit owner-occupied residence. Payments made on the 1st of the month.

Pricing is for a fixed rate mortgage with servicing retained by Citizens Bank of Mukwonago. Escrow for homeowner's insurance and property taxes are optional.

This information is provided and distributed only to assist real estate professionals and is not intended to extend consumer credit as defined by Section 226.24 of Regulation Z.

Interest Rates and terms are subject to change at any time without notice.

WHEDA

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To see the most current WHEDA rates click here. You can apply online now to get your application started or contact any of our loans officers.

15 - 30 Year Jumbo Mortgages

15 - 30 Year Jumbo Mortgages - Minimize (–)

Jumbo Interest Rates are available for loans over $417,000. Please call Tom Haase at (262) 363-6500 for more details.

Investment Property Mortgages

Investment Property Mortgages - Minimize (–)

Please contact the Loan Officer at the location nearest to you. Click here for locations.