New Year's Closure

Beginning at 3 PM on Tuesday, December 31, 2024, all The Bank of New Glarus branches will be closed through Wednesday, January 1, 2025. Mobile and online banking are always available.

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Mortgage Loans

Home Loans Built for You

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.

Mortgage Loan RatesMeet Our Mortgage Lenders

family in front of new home

Your Home Loan Choices at The Bank of New Glarus

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 December 20th, 2024

Term

Note Rate

APR*

Monthly Payment

15 Year Fixed

6.375%

6.472%

$1,512.44

20 Year Fixed

6.750%

6.855%

$1,343.67

30 year Fixed

6.500%

6.604%

$1106.12

*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.

Meet Our Mortgage Lenders

Christopher M. Zimmerman

Christopher M. Zimmerman

Residential Lending Manager

NMLS: 278924

Division: Residential Lending

Location: Madison Loan Office

Phone: (608) 424-2114

Contact Me Apply Now
Steven L. Bechtolt

Steven L. Bechtolt

VP, Residential Lender

NMLS: 539859

Division: Residential Lending

Location: Monroe Branch

Phone: (608) 424-2042

Contact Me Apply Now
Eric Muggenburg

Eric Muggenburg

AVP, Residential Lender

NMLS: 561861

Division: Residential Lending

Location: Belleville Branch

Phone: (608) 424-2077

Contact Me Apply Now
Ryan R. Dahmen

Ryan R. Dahmen

AVP, Residential Lender

NMLS: 1432673

Division: Residential Lending

Location: Monroe Branch

Phone: (608) 426-6456

Contact Me Apply Now
Amber Foster

Amber Foster

AVP, Residential Lender

NMLS: 1666063

Division: Residential Lending

Location: Brodhead Branch

Phone: (608) 424-2041

Contact Me Apply Now
Skyler Myers

Skyler Myers

AVP, Residential Lender

NMLS: 2020180

Division: Residential Lending

Location: New Glarus Branch

Phone: (608) 424-2101

Contact Me Apply Now
Christian Gridley

Christian Gridley

Residential Lender

NMLS: 326449

Division: Residential Lending

Location: Madison Loan Office

Phone: (608) 358-7532

Contact Me Apply Now
Amy McDaniel

Amy McDaniel

Residential Lender

NMLS: 1695146

Division: Residential Lending

Location: Darlington Office

Phone: (608) 726-4060

Contact Me
Rachel Elsing

Rachel Elsing

Jr Residential Lender

NMLS: 2006588

Division: Residential Lending

Location: New Glarus Branch

Phone: (608) 424-4553

Contact Me