- Mortgage Rates
|30-Year Fixed Rate||6.500%||0.000%||6.600%||359 payments of $1042.91 at an interest rate of 6.500%
1 payment of $1045.60 at an interest rate of 6.500%
|15-Year Fixed Rate||6.250%||0.000%||6.412%||179 payments of $1414.75 at an interest rate of 6.250%
1 payment of $1414.06 at an interest rate of 6.250%
|WHEDA First Time Home Buyer
(with MI and AQI ≤ 80% AMI)
|6.375%||0.000%||6.703%||120 payments of $1890.64 at an interest rate of 6.375%
23 payments of $1863.96 at an interest rate of 6.375%
216 payments of $1815.46 at an interest rate of 6.375%
1 payment of $1817.04 at an interest rate of 6.375%
|1 Year Construction Loan||3.950%||0.000%||5.403%||12 payments of interest only on the amount of credit outstanding during the construction period at an interest rate of 3.950%
1 payment of $300,000 at maturity
Home Loan Rates are effective December 4, 2023, all rates, points and programs are subject to change at any time. All loan products are subject to credit review and approval. Monthly payment amounts shown above do not include real estate taxes and homeowner’s insurance premium. Your actual payment obligation will be higher considering taxes and insurance premiums.
*APR = Annual Percentage Rate. APR will vary based on final loan amount and finance charges.
Fixed Rate Loans: Rates shown are based on a $165,000 loan amount for the purchase of a single-family home located in Wisconsin that will be used as a primary residence for a qualified borrower with a credit score of 740 or better, and a loan to value of 60%.
Construction Loans: Rate shown is based on a $300,000 loan amount for 12 months, interest payable monthly on advances made and a 20% down payment, 1–4-unit owner occupied with an established Lake Ridge Bank checking account with direct deposit.
WHEDA First Time Home Buyer (FTHB) Loans: This product is available to individuals who are purchasing a property that will be used as a primary residence and has not owned a principal residence or had no ownership (sole or joint) in a principal residence in the past 3 years. Rates shown are based on a $291,000 loan amount for the purchase of a single-family home located in Wisconsin that will be used as a primary residence for a qualified borrower with a credit score of 740 or better, and a loan to value of 97% with mortgage insurance (MI) and meets the annual qualified income (AQI) based on the area median income (AMI).
The information provided on this page is for comparative purposes only. Your actual rate, terms and costs could be different; get an official Loan Estimate before choosing a loan. Your rate, fees and terms may differ based on when your rate is locked, actual occupancy status, loan purpose, loan amount, credit score, debt to income ratio, loan to value and other product requirements and features.
Lake Ridge Bank | NMLS# 441735