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
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
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 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
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.
IMPORTANT LOAN INFORMATION
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.