There are a lot of advantages that come with working with a local mortgage lender. At The Bank of New Glarus, we understand the needs of local home loan applicants. We know your area and we work with your realtors. Most importantly, we make all the decisions related to your loan. That means from pre-approval to closing, you're working with our lenders in our offices. If you’re ready to experience the benefits that come with choosing us as your mortgage lender, please visit our mortgage center to start your online application. If you have any further questions, please contact one of our offices.
This loan option is a great choice for borrowers who plan to stay in their homes for longer than 10 years. Your loan will have the same interest rate throughout the entire term, allowing you to plan for a consistent monthly payment.
Adjustable-rate Mortgage
What You Need to Know About This Loan
This is an ideal choice for borrowers who will be in their homes for less than 10 years. Your loan’s rate will be fixed for an initial period and then subject to change after.
Mortgage Loan Refinance
What You Need to Know About This Loan
Refinancing your existing mortgage to a lower interest rate offers a wide range of benefits, including paying less in interest, lowering your monthly payment and potentially shortening the term on your loan.
Home Equity Loan
What You Need to Know About This Loan
Use your home’s built-up equity to your advantage. A home equity loan is a lump sum loan with a fixed rate that can be used for a variety of purposes.
Construction Loans
What You Need to Know About This Loan
Construction loans can cover the costs of materials and other items associated with building your home. Once the construction is complete, your loan can be converted to a traditional mortgage loan for repayment.
Home Loan Type
What You Need to Know About This Loan
Fixed-rate Mortgage
This loan option is a great choice for borrowers who plan to stay in their homes for longer than 10 years. Your loan will have the same interest rate throughout the entire term, allowing you to plan for a consistent monthly payment.
Adjustable-rate Mortgage
This is an ideal choice for borrowers who will be in their homes for less than 10 years. Your loan’s rate will be fixed for an initial period and then subject to change after.
Mortgage Loan Refinance
Refinancing your existing mortgage to a lower interest rate offers a wide range of benefits, including paying less in interest, lowering your monthly payment and potentially shortening the term on your loan.
Home Equity Loan
Use your home’s built-up equity to your advantage. A home equity loan is a lump sum loan with a fixed rate that can be used for a variety of purposes.
Construction Loans
Construction loans can cover the costs of materials and other items associated with building your home. Once the construction is complete, your loan can be converted to a traditional mortgage loan for repayment.
Mortgage Loan Rates
Annual Percentage Rate* is accurate as of April 11th, 2025
Term
15 Year Fixed
Note Rate
6.375%
APR*
6.472%
Monthly Payment
$1512.44
20 Year Fixed
Note Rate
6.875%
APR*
6.981%
Monthly Payment
$1343.67
30 year Fixed
Note Rate
6.750%
APR*
6.858%
Monthly Payment
$1135.05
Term
Note Rate
APR*
Monthly Payment
15 Year Fixed
6.375%
6.472%
$1512.44
20 Year Fixed
6.875%
6.981%
$1343.67
30 year Fixed
6.750%
6.858%
$1135.05
*APR = Annual Percentage Rate will vary based on final loan amount and finance charges.
Conventional Loans: APRs are based on Purchase Transactions, on a loan amount of $175,000 with 40% down payment, 1 unit owner occupied. Monthly payment does not include real estate taxes and homeowner’s insurance premium. The actual payment obligation may be higher.
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 (LTV) ratio, etc.
The Bank of New Glarus NMLS #619812
All Home Loan rates, points and programs are subject to change at any time. All loans are subject to credit approval.
