mortgage home loans - Peoples State Bank Wisconsin

mortgage products

loan options



fixed rate mortgages
People who would like to lock in one of today’s low interest rates, and know that their monthly principal and interest payment will never change. You can choose the term that’s right for you. And the shorter repayment period you select, the less interest you’ll pay.
  • No purchase price limits (varies with program)
  • Available for 1-4 family owner or
    non-owner occupied properties, second homes, and condos
  • Variable terms available
adjustable rate mortgages (ARM)
People who are looking for lower, more affordable initial monthly payments. Although your interest rate and monthly payment are locked in only for a specified initial period – and may vary, up or down, thereafter – annual and lifetime rate caps can protect you from large increases. An ARM may also enable you to qualify for a larger loan.
  • Minimum 5% down payment
  • Available for 1-4 family owner or
    non-owner occupied properties, second homes, and condos
  • Variable terms available
WHEDA advantage
With the WHEDA Advantage, Wisconsin residents have the flexibility to leverage down payment assistance and other advantages to buy a home with an affordable mortgage.
  • Low downpayment requirements
  • Closing cost and downpayment assistance available
  • Home-buyers education required
guaranteed rural housing
People who live in rural areas and communities under 10,000 in population.
  • No down payment required
veterans administration (VA) loans (federal)
Loans available for eligible veterans.
  • Rate is fixed for the term of loan
  • Fed VA - 100% financing
  • Contact your Peoples Representative to learn more about terms and eligibility
FHA (federal housing administration)
Government insured loan allowing borrowers without traditional credit history or income, and with little down payment to qualify for a loan.
  • Low down payment requirements,
    3.5% on purchase transactions (can be fully gifted)
  • Flexible income, debt, & credit requirements
construction loans
People who are looking to finance the construction of their new home.
  • Variable terms available
  • Interest only on outstanding principal balance
land loans
People who are looking to finance land for building a home in the future or for recreational use.
  • Balloon payment options

All loans subject to approval.

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