Mortgage Center

Explore the many home loan options from Dairy State Bank. We offer a variety of long-term, short-term, fixed rate and adjustable rate loans in addition to construction, land and specialty loans. Not sure which one is right for you? Visit the Meet Our Lenders page to contact a mortgage lender.

Conventional Fixed Rate Mortgages

New family meeting with female mortgage agent

Conventional loans generally have fixed terms and rates and adhere to the guidelines from Freddie Mac and Fannie Mae. Dairy State Bank offers a mix of longer-term fixed rate home loans.  Ideal for the home buyer with good credit and down payment.

  • 10 Year, 15 Year, 20 Year and 30 Year Terms Available
  • Loan is serviced by DSB for the life of the loan

First-Time Home Buyer / Low Down Payment Mortgages

Real estate agent handing over key to new home owner

If this is your first home purchase or you're a repeat buyer, Dairy State Bank offers Freddie Mac programs with fixed terms, fixed rates and low down payments. Contact a mortgage lender for more information or to apply.

  • Freddie Mac Home Possible - low down payment, reduced mortgage insurance levels, income restrictions apply
  • Freddie Mac HomeOne - first-time only, low down payment, funds can be gifted, no income restrictions

In-House Mortgages

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In-house mortgages are perfect for borrowers with income or properties that fall outside the conventional mortgage guidelines. Dairy State Bank has a variety of loan products for these situations and your loan is serviced by our team for the life of the loan.

  • 10 Year Fixed Rate Mortgage
  • 6/1 Adjustable Rate Mortgage

Construction / Land Loans

Two people shaking hands over blueprints

Dreaming of building your own home? DSB offers a convenient 12-month construction loan to help you move forward with your building project. Maybe your first step is purchasing land for a future home; we have land and lot loan options available. Contact a mortgage lender for more information or to apply.

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $150,000 and an estimated property value of $187,500. The property is located in Rice Lake, WI and is within Barron County. The property is an existing single family home and will be used as a primary residence. At a 4.250% interest rate, the APR for this loan type is 4.314%. The payment schedule would be:
• 119 payments of $1,541.10 at an interest rate of 4.250%
• 1 payment of $1,540.73 at an interest rate of 4.250%
Payments do not include amounts for taxes and insurance premiums, if applicable. The actual payment obligation will be greater.