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Types of Loans

 MORTGAGE OPTIONS

Your situation is unique, just like your existing or dream home. Fortunately, you can find a great mortgage option with AbbyBank. We have a variety of loan product options and our Mortgage Loan Officers will learn more about your situation to recommend the best option that fits your needs. Contact one of our mortgag to see how we can help your financial mortgage needs. 

Loan interest paid on home mortgages is normally deductible for personal income tax purposes. Check with your tax advisor to determine deductibility.  Contact an AbbyBank Mortgage Loan Officer for information on any of the loan types listed here.

Fixed Rate Mortgages* Mortgage Calculators

Fixed Rate Mortgages guarantee your loan rate will not change for the life of your loan. We offer several loan terms that can fit your needs and personal financial situation. During the life of the loan, you can call AbbyBank with questions because we service the loan locally. We offer  mortgage calculators to help you understand how loan terms and amounts will affect your payment and down payment schedules.

 Adjustable Rate Mortgages (ARM)*

With an adjustable rate mortgage (ARM) the loan rate is fixed for an initial period of time after which it resets periodically, such as annually.  The loan rate is based on a benchmark plus an additional spread.  For example, on a 6/1 thirty year ARM, the rate is fixed for the first 6 years, then resets annually for the next 24 years.

USDA Guaranteed Rural Housing

This U.S. Department of Agriculture Single Family Guaranteed Loan Program helps low-to-moderate income buyers who live in rural areas and communities become homeowners. There are income and resident eligibility requirements. Learn more about the Wisconsin income eligibility and home purchase information by visiting USDA Rural Housing's website.

Income Eligibility

Purchase Program

Land Purchase Loans*

Are you looking at purchasing land to build a future home? We can help! AbbyBank offers a very competitive option for your land purchasing needs.

 Construction Loans*

Are you looking at building a new home? We can help! AbbyBank offers a very competitive construction loan option that can help your building needs.

Home Equity Loans*

Home Equity Loans allow additional borrowing over the amount of the first mortgage and can be used for vehicle purchases, home improvements, etc. These loans are made based on the equity in the borrower's residence. Equity is the difference between the amount borrowed against the residence and the value of the residence.

A Home Equity Line of Credit (HELOC) allows you to borrow and repay on a revolving basis against the equity in your home. Interest is tied to Prime Rate and adjusts annually. Monthly interest payments are required. There is a $25.00 annual fee.

Need Help?

AbbyBank does offer many resources to better your financial lifestyle. On our Educational Resource page, we offer some free financial tools, videos on credit scores and many more financial resources or organizations that can help you. You can also sign up for our free Financial Lifestyle eNewsletter to receive information on current events, financial tips and current financial news.  In addition, we offer many financial calculators that can help you plan for mortgages, savings, retirement, taxes, etc.

 *All AbbyBank loans are subject to credit approval

AbbyBank NMLS #510760
401 E Spruce St., PO Box 648, Abbotsford, WI  54405
Toll Free:  (800) 288-2229
Office:  (715) 223-2345
Fax:  (715) 223-6385
loans@abbybank.com
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