Purchase

At Intercity State Bank, we realize that no two borrowers are the same. That’s why we have several programs to suit each borrowers needs. We provide local decision making and in-house servicing on our conventional and balloon mortgages.

Prequalification

Give yourself the power of knowledge before you begin your home search. We offer a no fee prequalification program, so you can be confident knowing that you qualify for a certain price range. Having a prequalification shows a seller that you’re a serious buyer, and will help you with the negotiating process. Check out our calculators to do some preliminary number crunching.

Types of Loans

Conventional Fixed Rate Loans – This loan features a fixed rate for the entire term of the loan. There are multiple year terms available to you. This is a popular option for many people.

WHEDA Advantage – This program by the (Wisconsin Housing Economic Development Authority – WHEDA) is specific to first time home buyers. Some of the features of WHEDA advantage are a 30-yr. fixed rate requiring low down payment and job loss protection.

Balloon Rate Mortgages – Your rate is fixed for a shorter, preset term. Payment can be amortized for a number of years. This loan option is available as an alternative to conventional financing.

Construction Loans – Perhaps you are interested in building a new home. This loan option is usually set for a short period of time and your payment is interest only on the amount borrowed.

Vacant Land / Lot Loans – Whether you are looking for an investment, hunting land or a spot to build your perfect home, we have a variety of flexible financing options.

All loans subject to approval.