Loans at American Bank

Mortgage Loans

About our Mortgage Services

We offer local servicing of your loan so you make your payment at any of our offices. Questions are answered right here which means faster, more efficient service to you! We offer a complete line of competitively priced mortgage loans to purchase or refinance a primary residence or second home. Available for qualified residential properties located in the State of Wisconsin.

Low Closing Costs!

  • Home Purchase transactions — not to exceed $595, which includes appraisal, title insurance, credit reports, recording fees and local servicing
  • Refinance Owner Occupied transactions-Not to exceed $595 plus title insurance
  • For down payment and terms of repayment, see current mortage rates.

Fixed Rate Loan

  • Competitive rates; down payment as low as 5%
  • 10, 15, 20 and 30 year terms (monthly payments)

Construction Loans

  • Unlimited number of draws
  • Contractors are typically paid within one business day
  • Fast Loan Approval

First Mortgage Loan - Owner Occupied Balloon

  • Competitive rate
  • Up to a 25-year amortization
  • Rate is fixed rate with monthly payments guaranteed for the term of the note
  • 20% down payment

Second Mortgage Loan - Owner Occupied Balloon

  • Competitive rate
  • Up to a 20-year amortization
  • Rate is fixed rate with monthly payments guaranteed for the term of the note
  • 20% equity required

Home Equity Line of Credit

  • Competitive rates
  • $50.00 annual fee; waived for the first year

 Contact your local lender for additional details

 Specialty Loans

  • Competitive rates and terms for the purchase or refinance of:
  • Land
  • Investment properties
  • WHEDA loans

American Bank NMLS ID #414651

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