EFFECTIVE May 3, 2024
Subject to Change
First Mortgage Residential - Broker Loans
- Broker paid fee - 1.50% or 2.50% plans
- Buydown (discount) 1% fee = .250% rate reduction (optional)
- Non-Conforming Properties add .375% to interest rate
- 15 year maximum amortization for Singlewide Mobile or Manufactured Home
Term
|
1-15 Years
|
Amortization
16-20 Years
|
21-30 Years
|
| Primary Residence 7 Year Balloon |
6.711% |
6.816% |
6.916% |
| 2nd Home 7 Year Balloon |
6.811% |
6.916% |
7.016% |
| 2nd Home 10 Year Balloon |
NA |
NA |
7.386% |
Portfolio Residential Loans (No Broker Fee)
- Buydown (discount) 1% fee = .250% rate reduction (optional)
- Non-Conforming Properties add .375% to interest rate
- 15 year maximum amortization for Singlewide Mobile or Manufactured Home
| Term |
1-15 Years |
Amortization
16-20 Years
|
21-30 Years |
CSB Fee |
| Primary Residence 7 Year Balloon |
6.619% |
6.724% |
6.824% |
.500% |
| Primary Residence 10 Year Balloon |
NA |
NA |
NA |
.500% |
| 2nd Home 7 Year Balloon |
6.719% |
6.824% |
6.924% |
.500% |
| 2nd Home 10 Year Balloon |
NA |
NA |
7.254% |
.500% |
Home Equity Lines of Credit
- Floor Rate of 5.125%
- P = Wall Street Journal Prime 8.50%
- Broker paid fee- $300
| Credit Score |
<=75% |
75.01-80% |
Loan to Value
80.01-85%
|
85.01-90% |
90.01-95% |
| >739 |
P-.750 |
P-.500 |
P-.243 |
P+.387 |
P+.952 |
| 720-739 |
P-.642 |
P-.429 |
P+.072 |
P+.817 |
P+1.457 |
| 701-719 |
P-.452 |
P-.341 |
P+.150 |
P+1.281 |
NA |
| 680-700 |
P-.276 |
P+.142 |
P+1.01 |
P+1.911 |
NA |
Home Equity Term Loans
- 7 Year Balloon/20 Year Amortization
- Broker paid fee - $300
| Credit Score |
<=75% |
75.01-80%
|
Loan to Value
80.01-85% |
85.01-90% |
90.01-95% |
| >739 |
7.266% |
7.477% |
7.647% |
8.020% |
8.680% |
| 720-739 |
7.427% |
7.647% |
7.767% |
8.140% |
8.800% |
| 701-719 |
7.667% |
7.887% |
8.007% |
8.680% |
9.590% |
| 680-700 |
7.881% |
8.127% |
8.247% |
8.820% |
NA |
Lot Loan Program | Residential
- 15% Down/20 Year Amortization
- No Fee Renewals
- Broker paid fee - .50%
| Term |
Rate |
CSB Fee |
| 7 Year Fixed Balloon |
7.897% |
1.000% |
Recreational Land Loans | Non-Residential/Raw Land
- 20% Down/20 year Amortization
- No Fee Renewals
- Broker paid fee - .50%
Term
|
Rate |
CSB Fee |
| 7 Year Fixed Balloon |
7.897% |
1.000% |
Construction Loan/Renovation Loan
- 12 Month Fixed Rate Balloon
- Primary or Secondary New Construction or
- Major Home Improvements in MN & WI
- Broker paid fee -.50%
| Loan Amount |
Rate |
CSB Fee |
| <$200,000 |
7.149% |
1.000% |
| $200,001-$300,000 |
7.149% |
1.000% |
| $300,001-$400,000 |
7.149% |
.650% |
| $400,001-$500,000 |
7.149% |
.650% |
| >$500,000 |
7.149% |
.500% |
Temporary Loans | Bridge/Swing
- 6 Month Fixed Rate Balloon
- Primary Residences in MN & WI
- Broker paid fee - .50%
| Loan Amount |
Rate |
CSB Fee |
| <$100,000 |
7.464% |
1.500% |
| $100,001-$200,000 |
7.464% |
1.250% |
| $200,001-$300,000 |
7.464% |
1.150% |
| $300,001-$500,000 |
7.464% |
.750% |
| >$500,000 |
7.464% |
.500% |
For current interest rate and APR information please contact us .
