Whether you're buying, building or refinancing, our flexible loan options allow us to find the best mortgage solution to meet your needs. Our competitive rates and experienced, trusted mortgage advisors make the process hassle-free. Our online tools provide the information you need to make informed decisions – you can even apply online if you prefer.
New Mortgage Clients Save
Up To $500 On Closing Costs!
Take Advantage of Our
Low Construction Rates.
Take Advantage of the
Equity In Your Home.
Stand out from other buyers and let them know you’re serious. Once pre-approved and it comes time to make an offer on a home, you will be armed with a pre-approval letter that gets noticed. Your pre-approval will be from one of the most credible lenders in the area – Monona Bank – and that means something.
• Shop for a new home knowing that you can afford the mortgage.
• Pre-Approval is a simple, free of charge process. Apply Now.
One of the first and most important decisions you will make in the entire mortgage process is choosing the right mortgage lender. Whether this is your first mortgage, or your fifth, you need a mortgage lender who will partner with you and guide you through the lending process. When it comes to choosing the best mortgage for your specific needs, there are a lot of options to consider and decisions you’ll need to make. Our lenders have the experience to assist you every step of the way. Learn more about our expert mortgage lenders who will find you the best mortgage, at the best rate possible. We guarantee you’ll even have a little fun, too.
Like any major investment or purchase, the decision to buy your first home is very exciting, but it can also be a bit overwhelming at the same time. At Monona Bank, we like to break down the process to smaller, more manageable steps.
• Get your finances in order.
• Contact on of our mortgage lenders to get pre-approved.
• Work with your lender to see how much house you can afford.
• For more information on buying your first home, click below.
Buying your first home is a big step – from saving enough for a down payment, to determining how much you can afford and planning the timeline to find, finance and close on your new abode.
Our Home Buyer's Guide is designed to walk you though the process, answer common first-time home buyer's questions and to help you to manage expectations along the way.
Take a look, read the guide, check out the FAQs, visit our calculators page – and, when you're ready, one of our home lending specialists would be delighted to help you navigate the next steps.
Whether you're buying, building or refinancing, our flexible options and rates allow us to find the best mortgage solution to meet your needs.
Our competitive rates and experienced, trusted mortgage advisors make the process hassle-free. Our online tools provide loads of information – you can even apply online and in many cases get approved instantly, absolutely free, with no obligation!
If you are looking for a qualified lending partner, you will find everything you need to finance you new property right here. New home, second home, construction or refinance – we've got this.
Below are for some of our most common mortgage programs.
• Fixed Rate Loan
• Variable Rate Loan
• WHEDA Low Down Payment Loan
• WHEDA First Time Buyer's Loan
• Construction Loan
• Mortgage Refinance
• Home Equity Loan
Have a question about how much house you can afford, or how much your choice of a down payment or mortgage term will impact your monthly payment? Our mortgage calculators can help you with these, as well as many other questions you may have. Our calculators will quickly walk you through any scenario you’re considering so you’ll be better informed about the best choices for your specific financial situation and mortgage goals. Of course, you can always call your trusted mortgage lender.
Our mortgage lenders understand that each of our mortgage clients and their loan situations are unique. However, when you’ve helped as many clients as we have, we have a good idea of some of the common questions many of our clients have asked us about. Check out our Frequently Asked Questions to see if you can get any questions you may have answered right now. Of course, if you’re not seeing what you need, just contact your mortgage advisor for more assistance. We're here to help.
We generally need about 30 days to approve and close your loan. This could take a little more or less time, depending on your particular circumstances and also the loan program selected.
Rate locks are typically for a period of 45 days. The loan must close and fund within that window of time. Longer rate locks are available in some circumstances, but may carry an additional fee or a higher rate.
90 or 120 days, depending on the loan program. Monona Bank provides pre-approvals at no charge, and they can be easily updated if you don’t find the perfect house right away.
None of the loans we originate have a pre-payment penalty. This means you can make additional payments towards your principal balance at any time, which will reduce the amount of interest you pay over the life of the loan.
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