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First-time Homebuyers

There’s a lot to think about when buying a house – and it’s normal to have questions, especially if it’s your first time. We're here to help. 

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.

Mortgage Team Lenders at Capitol Bank

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.

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Home Affordability Calculator

Mortgage Options

Comparison table of Mortgage Options
Product/Term Interest Rate APR* Learn More
30 Year Fixed Rate 6.500% 6.580% 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 6.500% interest rate, the APR for this loan type is 6.580%. The payment schedule would be:

  • 359 payments of $948.10 at an interest rate of 6.500%
  • 1 payment of $948.84 at an interest rate of 6.500%

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 5.875% 6.005% 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 5.875% interest rate, the APR for this loan type is 6.005%. The payment schedule would be:

  • 179 payments of $1,255.68 at an interest rate of 5.875%
  • 1 payment of $1,255.30 at an interest rate of 5.875%

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.

Mortgage Lending Team

Our experienced mortgage lenders will walk you through each step of the process. Contact us to learn more about Residential Lending.

Cori Femrite
Cori Femrite Assistant Vice President/Mortgage Lending 608-836-4109 Email Cori NMLS ID: 594085
Amy Gile-Enge
Amy Gile-Enge Senior Vice President/Mortgage Lending 608-836-4307 Email Amy NMLS ID: 586017
Brendon O'Shea
Brendon O'Shea Mortgage Loan Originator 608-836-4322 Email Brendon NMLS ID: 761031

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