Mortgages
Mortgage Center
Your home is probably the biggest investment you will make during your lifetime. How you finance your home is one of the most important financial decisions you will make. Our mortgage lenders will work directly with you to determine the right solution for your needs.
Mortgage Loans
Local servicing. Most mortgage lenders sell the servicing rights of your mortgage loan to a third party, requiring your payments and questions to be handled elsewhere. We offer local servicing on nearly all of our products. With local servicing, you make your payments directly to us and we handle all questions you may have concerning your mortgage loan.
Features:
- Fixed Rate Mortgages
- Adjustable Rate Mortgages (ARM)
- Construction loans
- Home Equity Lines of Credit
Home Equity Loans
Equity is generally defined as the difference between the market value of an asset and the amount of debt outstanding against that asset. In the case of your home, this may be a significant source of borrowing power. Home equity loans enable you to use your equity to borrow for home improvements, debt consolidation, education expenses, major purchases, and any other budget need. We offer two types of home equity loans, revolving lines of credit and conventional second mortgage, installment loans.
Our lenders can help you determine which loan is best suited for your specific need. For more information, please contact our home equity lenders at one of our convenient locations, or apply online below.
Conventional Installment
- An installment loan secured by the equity in your home
- Fixed interest rate
- Fixed monthly payment
- Fully amortized
- Up to 6 year term
Line of Credit
- A revolving line of credit secured by your home equity
- Variable Annual Percentage Rate (APR) indexed to Wall Street Journal Prime
- Revolving feature allows you to borrow, repay, and re-borrow
- Interest only and minimum payment plans available
- Up to 10 year term
- Balloon payment
Homeowner Resources
| Document Title | Download |
|---|---|
| List of NMLS Registered Mortgage Loan Originators | Download |
| Consumer Handbook on Adjustable Rate Mortgages | Download |
| What you should know about Home Equity lines of credit | Download |
| Your Home Loan Toolkit | Download |
Disclosures
| Document Title | Download |
|---|---|
| Early Adjustable Rate Mortgage 3/1 Disclosure - 15 Year | Download |
| Early Adjustable Rate Mortgage 3/1 Disclosure - 30 Year | Download |
| Early Adjustable Rate Mortgage 5/1 Disclosure - 15 Year | Download |
| Early Adjustable Rate Mortgage 5/1 Disclosure - 30 Year | Download |
| Equal Housing Lender Disclosure | Download |
| Home Mortgage Disclosure Act Notice | Download |
| Home Equity Application Disclosure | Download |
For more information, please contact our mortgage lenders at one of our convenient branches.
Matt Parson
President
Bloomington
NMLS ID 757600
Matt Lauritzen
Vice President
Mortgage Lender - Bloomington
NMLS ID 757601
Sean Seibring
Loan Officer
Mortgage Lender - Bloomington
NMLS ID 1647088
Tyler Carlson
Loan Officer
Mortgage Lender - Heyworth
NMLS ID 906010
