Sb Mortgage Programs*

Fixed Rate Mortgages

Monthly principal and interest payments remain the same throughout the life of the loan.

Home Ready

Fixed rate mortgage offered for borrowers that meet certain income limits. Borrower is not required to be a first-time buyer. Program offers low down payment options, cancelable and reduced Private Mortgage Insurance coverage. Down payment can include gifts, grants, Community Seconds or cash-on-hand. Homeownership education is required.

Adjustable Rate Mortgages (ARMs)

Monthly principal and interest payments change after a set period of time, based on a financial index.

Lot Loans

A lot loan allows you to start paying on land before you start construction. Once you’re ready to build, your lot loan can become a construction loan. (Certain restrictions apply.)

Construction Loans

A construction loan allows us to make payments to the builder as the work progresses and you make interest payments on the funds that have been disbursed during construction.

Conforming and Jumbo Mortgages

A conforming mortgage has a loan amount that is less than or equal to $726,200. A jumbo mortgage has a loan amount that exceeds $726,200, which is the maximum amount allowed by most investors.

Veterans Administration Loan (VA)

VA loans are guaranteed by the United States Department of Veterans Affairs (VA). VA loans provide Veterans an opportunity to purchase a home with no down payment. VA loans also can be used to refinance properties.

USDA Rural Development (RD)

This program assists low and moderate income borrowers in purchasing homes in eligible areas with no down payment.

WHEDA Advantage

WHEDA offers fixed rate, low down payment options for primary residence. WHEDA allows for Community Seconds for down payment. Homebuyers education is required and income limits apply.

*subject to credit approval

Call for Today’s Mortgage Rates: 608.842.5000 or 920.939.6700

The SbCU Difference

Our team of highly experienced professionals makes the mortgage process as efficient and painless as possible. We will use our expertise to find the right program for you.

Contact a Loan Officer
Appleton, WI

835 W Northland Avenue
Appleton, WI 54914-3901

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Phone: 920.939.6700
Fax: 920.939.6701
Hours: Monday-Friday
9 a.m. to 5 p.m.
Madison, WI

8010 Excelsior Drive
Madison, WI 53717-1951

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Phone: 608.842.5050
Fax: 608.842.5051
Hours: Monday–Friday
9 a.m. to 5 p.m.
Windsor, WI

4021 Meridian Drive
Windsor, WI 53598-9698

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Phone: 608.842.5000
Fax: 608.842.5001
Hours: Monday–Friday
9 a.m. to 5 p.m.