Adjustable-rate Mortgages

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Mortgage options for your dream home at rates you can afford.

Flexible Adjustable-Rate Mortgages

Sometimes called a variable rate, the interest rate on an adjustable-rate mortgage is lower in the beginning but can adjust after the initial rate period based on a market rate index. There is an interest rate cap that sets a limit on how high your interest rate can go over the life of the loan and with each interest rate change. Typically, the initial interest rate is lower than on a fixed-rate mortgage.

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Flexibility

An ARM may be a good option if you don’t plan on owning the home long-term, or you expect an increase in income.

Internal Underwriting

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Competitive Interest Rates

Our interest rates meet or exceed other local Dane County institutions.

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Current Mortgage Rates

Comparison table of Mortgage Options
Product/Term	Interest Rate	APR^*	Learn More
30 Year Fixed Rate	6.750%	6.832%	Learn More The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $150,000 and an estimated property value of $250,000. The property is located in WI and is within Dane county. The property is an existing single family home and will be used as a primary residence. The rate lock period is 45 days and the assumed credit score is 740. At a 6.750% interest rate, the APR for this loan type is 6.832%. The payment schedule would be: 359 payments of $972.90 at an interest rate of 6.750% 1 payment of $971.91 at an interest rate of 6.750% If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.
15 Year Fixed Rate	6.250%	6.381%	Learn More The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $150,000 and an estimated property value of $250,000. The property is located in WI and is within Dane county. The property is an existing single family home and will be used as a primary residence. The rate lock period is 45 days and the assumed credit score is 740. At a 6.250% interest rate, the APR for this loan type is 6.381%. The payment schedule would be: 179 payments of $1,286.13 at an interest rate of 6.250% 1 payment of $1,286.84 at an interest rate of 6.250% If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.
Residential 5/1 Portfolio T-Bill ARM	6.875%	7.179%	Learn More The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $150,000 and an estimated property value of $250,000. The property is located in WI and is within Dane county. The property is an existing single family home and will be used as a primary residence. The rate lock period is 0 days and the assumed credit score is 740. At a 6.875% initial interest rate, the APR for this loan type is 7.179%, subject to increase. Based on current market conditions, the payment schedule would be: 60 payments of $985.39 at an interest rate of 6.875% 299 payments of $1,019.21 at an interest rate of 7.250% 1 payment of $1,019.26 at an interest rate of 7.250% If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.
Residential 7/1 Portfolio T-Bill ARM	7.250%	7.334%	Learn More The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $150,000 and an estimated property value of $250,000. The property is located in WI and is within Dane county. The property is an existing single family home and will be used as a primary residence. The rate lock period is 0 days and the assumed credit score is 740. At a 7.250% initial interest rate, the APR for this loan type is 7.334%, subject to increase. Based on current market conditions, the payment schedule would be: 359 payments of $1,023.26 at an interest rate of 7.250% 1 payment of $1,024.77 at an interest rate of 7.250% If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.