Mortgages for New Home Purchase

Very few of life's big events rival the sheer excitement of buying a new home.  Whether you are a first-time home buyer, relocating to the Fitchburg or Madison area, or building a new home, Oak Bank can make the dream of home ownership possible for you.  At Oak Bank, we promise you the friendly, personalized service you want and need when choosing the home loan option that is best for you.

Fixed Rate Home Loans

Balloon Mortgage Loans

Construction Loan

Apply Online for your Mortgage

Download Mortgage Loan Applications

We offer many options and terms, and you can trust us for quick processing, great mortgage rates and local servicing. If you live in the Fitchburg or Madison, Wisconsin area, contact a Mortgage Lender today for a customized solution. Or email loans@oakbankonline.com .

The great majority of home loans in the United States are fixed-rate products.  The advantage of this approach is simple:  You enjoy the stability and peace-of-mind of knowing what your principal and interest payments will be over the life of the loan.  This allows you to plan your monthly household budget around the realities of a mortgage payment.   You may choose from a variety of terms.  Rates vary for each term.  Check out our rates for our fixed rate mortgages.

Balloon loans provide a fixed rate for the first 3 or 7 years, and then the rate will be adjusted according to current market conditions.  If you are considering a "Jumbo Loan", a home loan for more than $417,500,000 or any other type of home loan that may not qualify for a fixed-rate loan, you will want to consider a balloon loan.  Check out our balloon mortgage rates.

We can make building your new home easier.  If you are looking for a loan to provide you with funds to build a home, we have short term financing at a great rate. 
 

• Apply for your mortgage at your convenience, 24 hours a day, 7 days a week.
• Complete a customized application that only asks questions that apply to your specific situation.
• Check out our extensive resource center including mortgage calculators, a glossary of mortgage terms, easy-to-understand product information and Rate Watch.
• Obtain a loan decision in seconds after submitting your application.

 

For your convenience, we offer all of the forms listed below for easy download.   All forms are provided in PDF format.   In order to view and print a PDF file you will first need to download and install a free copy of the Adobe Acrobat Reader, if you don't already have it.  Just click on each link below and print out each form.  Once you've downloaded and filled out the forms, you can either fax them to us at (608) 441-6001 or drop them off at Oak Bank, 5951 McKee Road, Fitchburg, Wisconsin.

• Loan Application Check List.pdf
• Uniform Residential Loan Application.pdf
• Addendum to Uniform Residential Loan Application.pdf
• Authorization to Release.pdf
• Insurance Coverage.pdf
• Notice Regarding Your Application.pdf
• Notice Regarding Your Appraisal.pdf
• Request for Transcript of Tax Return.pdf
• Servicing Disclosure Statement.pdf

Oak Bank, along with Equifax, Experian, Innovis, and TransUnion, (collectively the "Consumer Credit Reporting Companies"), encourage you to make an informed decision about receiving firm (pre-approved / prescreened) offers of credit or insurance.  Under the Fair Credit Reporting Act (FCRA), the Consumer Credit Reporting Companies are permitted to include your name on lists used by creditors or insurers to make firm offers of credit or insurance that are not initiated by you ("Firm Offers"). The FCRA also provides you with the right to "Opt-Out", which prevents Consumer Credit Reporting Companies from providing your credit file information for Firm Offers.  Click HERE to find out more or to Opt-Out.