MORTGAGES

Hiawatha National Bank offers complete local servicing of your mortgage for the life of your loan, which means we are always here for you no matter what. Whether you are a first time homebuyer or you are looking to refinance your current mortgage, our lenders are here to help make a difference.  Stop in and talk with one of our lenders and let us help YOU make a great financial decision today.

Conventional Fixed Rate Mortgages: 

     If you are looking for a set monthly mortgage payment, a Conventional Fixed Rate Mortgage may be right for you.

Conventional Fixed Rate Mortgage loans mean that your loan's interest rate is locked for the life of the loan.

Homebuyers may finance up to 95%* of their home purchase with a Conventional Fixed Rate Loan, or finance 80% without mortgage insurance. These attractive fixed rate programs may be available for your primary residence or your year-round second home. Fixed rate mortgages are also available on investment properties.

*Subject to credit approval

Home Equity Line of Credit (HELOC)

     A home equity line of credit is a revolving form of credit secured by your home.  You can borrow as little or as much as you need, up to your approved credit line and you pay interest only on the amount that you borrow.  You can take advantage of the flexible repayment term, and you can use the credit again as you pay down the balance.

Construction - to - Permanent:

     Building a new home can be an overwhelming process and confusing as to where to start. By working with a Mortgage Professional from Hiawatha National Bank, the mortgage process is simplified with our one-time-close option. Our construction-to-permanent loan program offer interest-only-payments for the construction term, then converts to a mortgage - saving you time and money.

FHA:

     A Federal Housing Administration (FHA) loan is a mortgage that is insured by the US government and issued by a lender approved by FHA.  FHA loans are designed to help people with lower credit scores or less money to put down on a home.  If you currently own your home, you may take advantage of the equity you have built in your home with a FHA cash-out refinance.

WHEDA:

     Wisconsin Housing and Economic Development Authority (WHEDA) has been the State of Wisconsin’s trusted partner for affordable homeownership.  The program is offered to consumers via the bank to encourage homeownership in Wisconsin.  The property being purchased must be located in the State of Wisconsin and the borrower must by the owner occupant for the life of the loan.  The program does have income and purchase price requirements.

VA LOANS:

     A Veterans Administration (VA) loan is a mortgage loan that is backed by the federal government and offered by the lender to help veterans, service members, and their surviving spouse buy homes.  A few of the advantages of the VA loan are no down payment, no private mortgage insurance, no prepayment penalty and more relaxed credit requirements.  A certificate of eligibility is necessary for pursuing a VA loan.