Mortgage down payment options as low as 3%.^
Plus, $500 off closing costs.^^
Getting Your Mortgage Loan With Confidence
Ready to get the right home loan? From buying your first home to fixing one up to refinancing – and for all your other mortgage needs – we’re here to help you make it happen, each step of the way.
It’s fast, easy and hassle-free with:
- The ability to lock your rate when you choose – at the time you apply or up to seven days before closing
- Online mortgage loan status updates throughout the process
- Great rates and local servicing
What Can We Help You With?
Buying A Home
This will be fun! The best way to start is by seeing what’s possible. Once you find out what you can afford, your potential monthly payment and the right term, then you’re ready to get rolling. Here are some homebuying resources to help:
Refinancing
It’s good to check whether your current mortgage still makes sense or if it’s time to refinance. See if you could save big in the long term or free up some money in the meantime with either an Express or Traditional Mortgage Refinance.
Home Equity
Whether it’s a loan or a line of credit, borrowing some of your equity back is a smart way to do more with your money – hello, home improvements! Imagine what you could check off the to-do list and:
Second & Vacation Homes
Your home away from home deserves a payment plan that’s just as cozy – and we have a variety of options on both fixed-rate and adjustable-rate mortgages.
Construction & Land Loans
The right loan for your land is something you’ll really be able to build on.
Investment Properties
We have the rates, terms and loan amounts to match your vision for getting the most out of your investment.
Your Mortgage Loan Partner
With the great rates you need to start, online mortgage loan status updates throughout the process and local servicing for the life of your loan, Summit is here for you every step of the way. Our mortgage loan officers are ready to connect whenever you are! Really, whenever.
Oconomowoc Branch
VA Medical Center Branch
800-236-5560, ext. 3005
800-236-5560, ext. 5005
New Berlin Branch
Waukesha Branch
800-236-5560, ext. 8509
800-236-5560, ext. 4995
800-236-5560, ext. 4005
800-236-5560, ext. 2700
800-236-5560, ext. 8403
Cottage Grove Branch
Lake Mills Branch
Cottage Grove Headquarters*
800-236-5560, ext. 2782
800-236-5560, ext. 5992
Watertown Mortgage Loan Office
800-236-5560, ext. 6201
800-236-5560, ext. 2110
Old Sauk Branch
Shorewood Hills Branch
800-236-5560, ext. 2493
West Milwaukee, Journal Branch
800-236-5560, ext. 1905
City Station Branch
Rimrock Branch
800-236-5560, ext. 1303
800-236-5560, ext. 2147
800-236-5560, ext. 2182
Loan Types and Rates
Fixed-Rate Mortgage
A fixed-rate mortgage loan is exactly that – fixed. It doesn’t move. So your monthly payments will always stay the same over the term of the loan.
A good option for someone who expects to stay in the same house for a while or just wants a consistent payment.
Adjustable-Rate Mortgage
With an adjustable rate loan, your interest rate can change over the course of your loan, after being locked-in for the initial term.
A good option for someone looking for a more affordable payment early on, expecting an increase in their income or planning to only stay in the house for a few years.
| TYPE AND TERM | RATE | Annual Percentage Rate |
|
30 Year Fixed |
2.625% | 2.690% |
|
15 Year Fixed |
2.125% | 2.245% |
|
10/1 ARM** |
3.000% | 2.988% |
|
7/1 ARM** |
2.875% | 2.918% |
|
5/1 ARM** |
2.375% | 2.773% |
|
3/3 ARM** |
3.000% | 3.033% |
|
3/1 ARM** |
3.000% | 2.934% |
|
1/1 ARM** |
3.000% | 2.916% |
|
30Yr No/Low Cost* |
2.875% | 2.941% |
|
20 Year Fixed |
2.500% | 2.593% |
Start With A Free Preapproval
It’s the best first step. Because when you get a preapproval on your loan, you have the green light to go up to a maximum purchase price – and you have extra credibility on your offer to purchase. You just need:
-
A government-issued ID
-
Your most recent 30 days of pay stubs and two years of W-2s
-
Your statement or account numbers for all bank accounts and loan balances
Mortgage Status Updates
Check the status of your mortgage application or upload requested documents online anytime.
Figure out your monthly payment and amortization schedule.
Does it makes sense to refinance your mortgage loan?
Compare 15- and 30-year terms.
Are you better off buying your home, or resigning that lease?
We thought so! And here’s a way to save big that you might not know about: pay a little extra on your mortgage each year.
