Buying a new home is one of biggest decisions you will ever make, and as such, State Bank of Chilton is dedicated to helping you find your best suited financing options as you embark on this exciting journey. Although applying for a mortgage can seem complicated and confusing, our team at State Bank of Chilton is ready to assist you throughout the process by offering competitive rates, exceptional customer service, and easy pre-approval options.
What’s Your Purchasing Power?
Whether you’ve found your dream home or are still looking for the right fit, when considering a mortgage it is best to first determine what your purchasing power is. To determine what’s affordable for you, calculate your debt-to-income ratio, or in other words, what is your current income compared to the debt you owe? This number should be within an industry standard of 43% or less and is a good indicator of your ability to repay the mortgage. Want some help? Not to worry! Our knowledgeable staff is more than happy to aid you in determining your debt-to-income ratio and affordability.
Let Us Answer Your Questions
Equipped with that information, it’s time to meet with the experts. As you get started on the pre-approval process, set up an appointment at your local State Bank of Chilton office, where our experienced mortgage lenders will assist you in completing your loan application and will ensure you leave with a thorough understanding of your options. Since knowing which kind of mortgage best suits your needs can be just as important as which home you buy, we are dedicated to guaranteeing you have all the information on our variety of specialized home loans. Be sure to arrive prepared for your appointment with 30 days of current pay slips, two years of W2 forms, two months of bank statements, and two years of tax returns, if self-employed.
Whether you’re purchasing a fixer-upper first home or your dream retirement home, State Bank of Chilton has a home loan selection that is tailored to fit needs as unique as you.
Select Your Ideal Home Loan
Conventional Fixed-Rate Mortgage: A fixed-rate mortgage has an interest rate that will not change throughout the life of your loan. This secure option offers fixed monthly payments over 30, 20, and 15 year durations and are ideal for more permanent housing situations.
Adjustable-Rate Mortgage: An adjustable-rate mortgage, or ARM, is a 30-year mortgage with an initial period (3, 5 or 10 years) that offers a fixed rate lower than a typical 30-year mortgage. After the initial fixed period ends, the loan interest rate can vary. The low initial monthly payments can make an ARM particularly appealing for shorter-term housing solutions.
Construction and Lot Loans: When you are building or upgrading a home, there are endless decisions to make. We offer unique home construction loans that will help you make your dream home a reality.
HELOC: With a Home Equity Line of Credit, or HELOC, it’s easy to use the equity in your home to finance your home improvements, vacation, college expenses, a new car, or anything else life throws your way. Apply once to have access to a line of credit that you can use again and again to provide for you and your family. Jumbo Mortgage Loans: For well-qualified buyers seeking loans exceeding the conforming loan limits, we offer jumbo mortgage loans with various terms.
To review current mortgage rates, click here.
Need Some Help?
In addition to an array of home loan options, State Bank of Chilton is proud to offer the Down Payment Plus Program, a down payment and closing cost assistance program for income eligible homebuyers. The assistance is a forgivable grant paid on behalf of the borrower at the time the borrower closes on mortgage financing. In this way, State Bank of Chilton proves our dedication to getting you into the home of your dreams. Our mortgage lenders will also review possible grants available through the city or county to eligible homebuyers in order to provide a more all-encompassing financing strategy.
Let’s Get Started!
We know you’re eager to embark on this new adventure. Contact State Bank of Chilton today to start your home buying journey, and together, we’ll help you find your way home.
State Bank of Chilton Mortgage Lenders
|Joanne O'Connell||Suzanne Hostettler|
|Phone: (920) 756-2181||Phone: (920) 849-9371|
|NMLS #442085||NMLS #637885|