Purchasing your first home is a big step.
We’ll be here to answer all of your questions and help you find the right programs and best mortgage option to make it a smooth step.
First-Time Homebuyers
If it’s your first time buying a home in the Dane County area, you’re at an advantage from a borrowing standpoint. Give us a call to discuss your situation and get pre-approved for a loan. Particularly in the competitive Dane County market, it’s important to get ahead of the process if you’re looking to purchase your first home.
We’re here to answer your questions and guide you smoothly through the home buying process.
Home Affordability Calculator
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:
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:
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:
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:
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. |
Mortgage Lending Team
Our experienced mortgage lenders will walk you through each step of the process. Contact us to learn more about Residential Lending.
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