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

Man points to clipboard with model of house in foreground

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.

FHA Mortgage Loans

Dad pushes little girl across the floor in a moving box while mom watches from the couch in the home they purchased with an FHA Mortgage Loan.

Designed primarily for the first-time home buyer, this loan allows for a lower down payment and less than perfect credit. The Seller can contribute up to 6% of the purchase price to the Buyer to put towards closing costs.

VA Mortgages

Young daughter is on the back of her military dad with arms wrapped around him while they sit on the couch in the home they purchased with a VA Mortgage Loan.

This loan program is designed to help veterans and active duty military personnel purchase a home. There are no private mortgage insurance (PMI) requirements, and the program provides for less stringent credit requirements than conventional mortgages. The loan also has a low or no down payment option. 

USDA Rural Development

Photo of a small, white cottage-style home, set among flowers and trees, that was recently purchased with a USDA Rural Development Mortgage Loan.

Designed to make rural housing more affordable, this loan program is intended to help lower to moderate income buyers purchase homes in rural areas with no down payment. USDA loans can also be used to repair, renovate, prepare sites and provide water and septic. 

Jumbo Loans

Photo of a beautiful, sprawling stucco home with large windows on a manicured lawn recently purchased with a Jumbo Loan.

A Jumbo Mortgage Loan refers to mortgage loans above conventional loan limits. In most places the conventional loan limits are $766,550. In some places, where cost of living is higher, the jumbo loan limits are higher. 


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.

Dairy State Bank NMLS #400033. Offer not contingent on use of specific settlement service provider, which includes your real estate agent Notices. Everett Financial, Inc. dba Supreme Lending, NMLS ID #2129 (, 14801 Quorum Drive, Suite 300, Dallas, TX 75254 (877-350-5225). Solicitations made to and applications accepted from residents in AL, AK, AZ, AR, CA: Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act; CO, CT, DE, DC, FL, GA, Hawaii Mortgage Loan Originator Company License HI-2129, Mortgage Servicer License MS144, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA: Mortgage Company MC2129; MI, MN, MS, MO, MT, NE, NH, NJ: Licensed by the N.J. Department of Banking and Insurance; NM, NC, ND, NV, Licensed New York Mortgage Banker - NY Office: 5385 Main St., # 1, Williamsville, NY 14221, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY. This is not an offer to enter into an agreement. Information, rates, and programs are subject to change without prior notice and may not be available in all states. All loans are subject to credit and property approval. Supreme Lending is not affiliated with any government agency. Copyright © 2023. Everett Financial, Inc. dba Supreme Lending. All rights reserved. Equal Housing Opportunity Lender.Wisconsin Mortgage Banker License 214616BA.