WPS Bank

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Mortgage Lending

Let’s build a bright future together.
Your home. Your refuge at the end of a long day. The place you raise your family. The haven of your golden years. It’s one of the most important investments you’ll ever make.

WPS Community Bank wants to help you finance your dream, whether you’re looking to buy, build, refinance, or even tap into home equity. We offer:

Competitive rates
Low closing costs
A broad range of traditional, specialized, and government assisted loan options.

Plus, knowledgeable lenders who will work with you to help make your dream a reality!

House Close your loan today and take advantage of our special $500 discount on closing costs for new and refinance home loans.

Check rates and apply online!
Click "Products" to view rates and "Apply Now" for our short application.
Call 1-608-224-5500
Drop in at our Madison office
In addition to our regular banking hours, we can also arrange to meet with you at your convenience.

Morgage Lending

Traditional Loans

Fixed-Rate Mortgage
Expect to stay in your home for several years? Payments stay the same for the life of the loan. 10, 15, 20, or 30-year terms. No pre-payment penalty.

Adjustable-Rate Mortgage (ARM)
Consider an ARM if you expect to stay only a few years, or you expect income growth. 1, 3, and 5-year terms. Lower initial monthly payments. Annual/lifetime interest rate caps.

Specialty Loans

Bridge Loan
Use the equity in your current home to help finance your new home. Interest-only payments until your current home sells.

Balloon Loans
Shorter-term loan featuring a fixed rate and lower initial monthly payments. Larger payment due at end of term. Consider if you expect to refinance or sell in 3 to 5 years.

Government-Assisted Loans

Federal Housing Administration (FHA) Loan
Refinance or purchase a home with a low down payment. Federal mortgage limits apply.

Veterans Administration (VA) Loan
Below market fixed-rate mortgage for veterans. No private mortgage insurance (PMI). Low down payment. Income and maximum mortgage qualifications apply.

Home Equity

Take advantage of the equity you’ve built to invest in home improvements, pay for college, finance a large purchase, or consolidate debt. Borrow up to 90% of your home’s value. Interest may be tax-deductible.

Home Equity Line of Credit
Best for ongoing expenses or on-demand access. Variable rate. Low annual fee. Easy check writing access.

Home Equity Loan
Best for large, one-time expenses. Fixed rate. No annual fee.