Residential Mortgages

Real Estate Loans

Conventional home loans at affordable rates and low or no down payments.  Payments can be automatically deducted from your checking or savings account monthly or biweekly.  Your interest may be tax deductible. We also participate in WHEDA and various fixed rate programs.

Balloon Mortgages

How it Works: The borrower makes equal monthly payments that are typically based on a 360-month pay-off schedule.

Instead of taking 30 years to pay down the mortgage, payment in full of the outstanding principal balance is due at a specific time prior to the end of the 360-month period. Hence the name "balloon."  Most borrowers who take advantage of the attractive interest rates offered by balloon mortgages anticipate selling or refinancing the property prior to the end of the balloon period.

Fixed Rate Mortgage

A standard fixed-rate loan has a fixed interest rate, a fixed monthly payment, and is fully amortizing over a given number of years. A portion of each monthly payment covers the interest due on the loan. The remaining portion is applied toward the reduction of the principal balance. Regular payments systematically reduce the loan balance until the loan is paid in full.

The standard fixed-rate mortgage is still the most popular mortgage loan type. Its popularity is tied to the security that a fixed rate and fixed payment offer to borrowers who are reluctant to assume the risk of fluctuating interest rates. The availability of different loan terms offers borrowers the security of a fixed payment but allows for flexibility in the size of the monthly mortgage payment as well as how quickly the principal balance can be paid down. Several fixed-rate loan terms exist.

New Construction

We can also finance the new construction of your home with a Residential Construction Loan. We make your building process easier by streamlining the draw process so you can pay your sub-contractors on time and keep the work moving.

Home Equity Line of Credit

Home Equity credit lines enable you to advance up to 80% of the equity in your residence. You can use the money for home improvements, vacations, weddings, car purchase, holiday buying, landscaping, a second residence and much more. You don't have to use the money just for your home improvement. It is nice to have open and established and ready for use.

We will bill you monthly only on the amount outstanding. During the term of your credit line principle may be advanced, repaid and re-advanced at your convenience, utilizing a checking account.  Debit cards also available on this account.  The interest you pay may be tax deductible. Consult with your tax advisor to review your specific situation.


Black River Falls Office

Dana Olson   (715) 284-9448  NMLS# 428099

Melrose Office

Justin Blaken     (608) 488-2411  NMLS# 433832

Max Hart  (608) 488-2411  NMLS# 1257455