Rates

Clark

Barb Clark
MLO# 713102
(608) 897-8607

BClark@bankofnewglarus.com
 
Marty

Jance Marty
MLO# 713104
(608) 527-5275

JMarty@bankofnewglarus.com

 
Wedig

Sharon Wedig
MLO# 713105
(608) 325-3025

SWedig@bankofnewglarus.com

 

Jordan Daws
MLO# 1025853
(608) 424-1520

JDaws@bankofnewglarus.com

Loan Rates

 

  Contact any of our lenders to get started.

 

Belleville: Jordan Daws, MLO #1025853- (608) 424-1520
Brodhead: Barb Clark, MLO #713102- (608) 897-8607
Monroe and Juda: Sharon Wedig, MLO #713105- (608) 325-3025
New Glarus: Jance Marty, MLO #713104 - (608) 527-5275

Need a loan? Let's start with your dream
Isn't a loan about achieving your dreams? A home, a college education, a vacation - each one is a dream you have decided to pursue. The Bank of New Glarus and Sugar River Bank want to share the pursuit of that dream with you, along with showing you the best financial choices to keep the dream alive. Here's how we'll help you.

  • Your loan should be specific to you and the dream you want to achieve. Our loan officers will work with you to find the best financial strategies for you, whether it's a mortgage, home equity loan or consumer loan.
  • With our online banking and electronic bill paying services, you can make your loan payment online, transfer funds between accounts and pay bills all with the convenience of your computer.
  • The Bank of New Glarus and Sugar River Bank are a great place to help you save, too. We'll be happy to talk with you about our various savings accounts and checking accounts, including our free, interest-bearing checking account - the Right Now account.

 


CURRENT RATES

 

 

Residential Mortgages

Rates Effective 9:00 a.m. on April 15, 2014 

-Please note that rates can change without notice throughout the day-

Product Term Note Rate APR* Loan Amount
Non-Serviced** 15 Year Fixed 3.319% 180 payments of $ 1059.04 3.424% 150,000
  20 Year Fixed 4.010% 240 payments of $ 909.76 4.094% 150,000
  30 Year Fixed 4.268% 360 payments of $ 739.49 4.329% 150,000
Serviced 15 Year Fixed 3.342% 180 payments of $ 1060.72 3.427% 150,000
  20 Year Fixed 4.025% 240 payments of $ 910.95 4.093% 150,000
  30 Year Fixed 4.318% 360 payments of $ 743.89 4.368% 150,000
         
         

*APR - Annual Percentage Rate. The APR is based on a 20% down payment. Your actual APR may vary based on your final loan amount and finance charges. Mortgage rates are subject to credit approval and may change without notice. Other terms available, please call one of our loan officers for more information.
**Requires escrow for taxes and homeowners insurance. Additional fees and/or increased rate would apply if escrow waiver is requested.

Payments do not include escrows for taxes and homeowners insurance. Actual payments may be greater than shown above 

MORTGAGE OPTIONS

Buying a home, for most people, will be the largest purchase they ever make.  For a commitment this important, trust the lenders at Sugar River Bank.  They will work with you to find the best mortgage option for you.

Fixed-Rate Mortgages
With a fixed rate mortgage, your rate is “locked in” for the length of your loan, usually 15 to 30 years.

Balloon Mortgages
A balloon mortgage means you are able to get a fixed rate for a certain amount of time, usually five or seven years.  If you plan to sell the home within this time period, this might be the best mortgage for you.

FIRST TIME HOME BUYERS

Going through the home-buying process for the first time can seem overwhelming.  Sugar River Bank’s mortgage lenders are here to make the process easy for you and we make our decisions locally.

CONSTRUCTION AND LOT LOANS

Construction loans are designed to cover your costs while you are building your home.  Features include:

  • interest-only for six months
  • moving into a mortgage from your construction loan is easy
  • appraisal value is used to determine loan amount
  • competitive rates and low closing costs

HOME EQUITY FINANCING

Our home equity financing allow you to use the equity in your home to pursue your dreams.  Need financing for improvements to your home, funding for college or a new car?  Plus check out these great benefits:

  • Our rates are competitive, and our lenders work with you to find the best financing solution for you.
  • Consult a tax advisor regarding the deductibility of interest.

Home Equity Line of Credit
A home equity line of credit is the “ultimate” in flexibility and convenience.  Once you’re approved, borrow and pay back what you need when you need it.  There’s no need to reapply each time you need financing, which saves you money.

Home Equity Term Loans
Sugar River Bank’s home equity term loans offer a specific rate, for a fixed amount over a fixed amount of time.  The amount is paid back with a determined payment each month.