Mortgage Options

Understanding Mortgage Options

Navigating which mortgage option is right for you can be stressful, especially if you are a first-time home buyer. Our Mortgage Lenders will be by your side every step of the way as you buy your home. 

Compare Home Loan Options

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  • Competitive rates
  • Interest rate does not change for the life of the loan
  • Payment remains the same each month
  • Short and long-term rates available
  • No prepayment penalty 
  • Minimal and flexible down payment requirements
  • Rates are typically lower than market rates, as compared to fixed-rate mortgages, and they remain unchanged for a fixed period
  • Perfect for shorter-term loans or those who are planning to buy another home in a few years
  • Protection from maximum rate adjustments
  • No prepayment penalty
  • Competitive rates.
  • Perfect for those looking to build the home of their dreams.
  • No prepayment penalty

WHEDA Low Down Payment Loans

At Lake Ridge Bank, we partner with WHEDA (Wisconsin Housing and Economic Development Authority) to offer affordable home financing programs with low down payment requirements. Our lenders can assist you to determine if WHEDA is right for you.

WHEDA First Time Buyer Loans

At Lake Ridge Bank, we work with WHEDA (Wisconsin Housing and Economic Development Authority) to offer affordable home financing programs for first-time buyers. As a first-time buyer, our lenders can help you navigate the options available to you through WHEDA.

Lot Loans 

You’ve dreamed of your perfect home for years, down to every last detail. Now you just need the land to put it on.

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Additional Loan Options

Our team Mortgage Experts can help assist you through the process of applying for a:

  • Federal Housing Administration (FHA) Mortgage Loan
  • VA Mortgage Loan
  • United States Department of Agriculture (USDA) Mortgage Loan

Please contact one of our Mortgage Lenders for more information.

Featured Mortgage Rates

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Crunch the Numbers: How Much House Can You Afford?

Use our mortgage calculators to calculate a mortgage payment, compare loans, find out how much house you can afford, and more. 

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