BETTER THAN A WELCOME MAT
Whether you’re looking to purchase a new home or to refinance an existing house, our fixed-rate mortgage loans feature a range of competitive interest rates — if not the best mortgage rates — as well as renewable shorter-term loans.
Horicon Bank’s Home Loan Center lets you apply for mortgages online!
Horicon Bank Mortgage Features
- Competitive Rates
- Fixed Terms
- A Variety of Options
- Local Decision Making
Mortgage Rates
Mortgage Options
| Product | Interest Rate | APR* | Learn More |
|---|---|---|---|
| 30 Year Fixed Rate | 7.250% | 7.364% |
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|
| 20 Year Fixed Rate | 7.125% | 7.271% |
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The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $100,000 and an estimated property value of $125,000. The property is located within a Wisconsin county where Horicon Bank has a branch office. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account will not be established. The rate lock period is 30 days and the assumed credit score is 750. At a 7.125% interest rate, the APR for this loan type is 7.271%. The payment schedule would be:
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 | 6.750% | 6.930% |
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|
| USDA 30 Year Fixed Rate | 7.625% | 8.184% |
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The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $126,262 and an estimated property value of $125,000. The property is located within a Wisconsin county where Horicon Bank has a branch office. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 30 days and the assumed credit score is 750. At a 7.625% interest rate, the APR for this loan type is 8.184%. The payment schedule would be:
The monthly payment amounts quoted include the annual fee premium. The annual fee is required for most USDA/Rural Housing loans. The monthly payment for the annual fee is calculated based on the average annual outstanding balance and will vary from year to year.
$893.67
$36.68
$930.35
|
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See My Loan Status
If you’ve already started the mortgage application process, you can check your status online at any time.
Government Programs
When additional assistance is necessary, Horicon Bank obtains help through various government programs, including USDA loans and WHEDA loans.
Who May Borrow?
A borrower may be a cooperative organization, corporation, partnership, or other legal entity organized and operated on a profit or nonprofit basis, such as an Indian tribe on a federal or state reservation or other federally recognized tribal group, a public body or an individual. A borrower must be engaged in or proposing to engage in a business that will:
- Provide employment;
- Improve the economic or environmental climate;
- Promote the conservation, development and use of water for aquaculture; or
- Reduce reliance on nonrenewable energy resources by encouraging the development and construction of solar energy systems and other renewable energy systems.