Locations Log In Menu Current Mortgage Rates 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, and with no obligation! Our team of Mortgage Experts are excited to meet you and help you on your home financing journey. Getting started is easy! Whether you’re looking to purchase your dream home, or build it from the ground up, get started by completing one of our simple online applications today. APPLY NOW FOR A MORTGAGE LOAN APPLY NOW FOR A CONSTRUCTION LOAN The rates shown below are for some of our most common mortgage programs. Based on your specific needs and situation, we do offer other programs. Contact one of our Mortgage Experts for more information on other loan programs we offer or to request a customized mortgage rate quote. Check out our mortgage calculators to help assist you in your mortgage planning. Featured Mortgage Rates - Effective December 2, 2021 Loan Program Interest Rate Annual Percentage Rate (APR) Points Sample Payment Amount 30 Year Fixed 3.125% 3.182% 0.000% $642.56 20 Year Fixed 3.000% 3.081% 0.000% $831.90 15 Year Fixed 2.500% 2.603% 0.000% $1000.18 10 Year Fixed 1.990% 2.094% 0.000% $1379.53 3/1 ARM** 2.875% 3.420% 0.000% $622.34 5/1 ARM** 3.250% 3.471% 0.000% $652.81 7/7/7 ARM** 2.375% 2.918% 0.000% $756.54 WHEDA Low Down Payment^ 3.375% 3.658% 0.000% $663.14 WHEDA First Time Homebuyer^ 3.125% 3.402% 0.000% $642.56 Construction Loan^^ 1.950% 5.637% 0.000% $123.23 The information provided on this page is for comparative purposes only. Rates and terms may change at any time and without prior notice. Your actual rate, terms and costs could be different; get an official Loan Estimate before choosing a loan. Your rate, fees and terms may differ based on when your rate is locked, actual occupancy status, loan purpose, loan amount, credit score, debt to income ratio, loan to value (LTV) ratio, etc. Rates shown above are based on a $150,000 loan amount for the purchase of a single family primary residence, a 70% LTV and a 740 FICO score. Payment amounts do not include taxes or insurance. **Adjustable Rate Mortgages (ARM) loan rates are variable. The interest rate and subsequently your payment may change over the life of the loan. The interest rate is calculated by adding the Index (Weekly average yield on US Treasury adjusted to a constant maturity of one year) plus the margin. Contact a mortgage lender for our current rate and margin. A 3/1 ARM payment can adjust after the 36th payment and every year thereafter for the total loan term of 30 years. A 5/1 ARM loan payment can adjust after the 60th payment and every year thereafter for a total loan term of 30 years. The 7/7/7 ARM loan payment can adjust after the 84th payment and every seven years thereafter with a total loan term of 21 years. ^WHEDA rates shown above are based on a 97% LTV and 740 FICO score. Your Annual Percentage Rate (APR) will vary based on your final loan amount and finance charges. A minimum down payment of 3% is required. ^^Minimum 10% down payment required. Payments are based on nine monthly interest only payments with a final balloon payment due at the end of the nine-month term. Remaining balloon payment is dependent on your outstanding loan amount. Construction loan payments are based on interest only and do not reduce your principal. You must have a checking relationship with direct deposit at Monona Bank. Other rates may be available. Locations Belleville Bridge Road Brooklyn Cross Plains Cottage Grove Middleton Monona Drive Sauk Prairie Schenk's Corners Our Bank Our Community Community Giving Locations Careers News & Events Monona Bankshares Services True Mobile Banking Digital Wallet 24/7 Banking Investment Services Customer Care 608-223-3000 Routing Number 075912712 Privacy Notice Disclosure We're Not Just Your Neighborhood Bank. We're Your Neighbors. © 2020 Monona Bank - All rights reserved. MONONA BANK | JOIN THE MOVEMENT