WHY SHOULD I CONSIDER MOUND CITY BANK?

We take pride in giving every Mound City Bank mortgage customer our highest level of service. We'll listen to your needs and concerns, and we'll take the time to explain the mortgage process. We'll do everything we can to make you feel at home.

Choosing a mortgage lender can be difficult, or it could be one of the easiest decisions you make. Mound City Bank is "Here For You" with experienced Personal Bankers.

HOW MUCH WILL MY LOAN REALLY COST?

When you're shopping for a mortgage, the first thing you'll probably look for is a low interest rate. Keep in mind, though, that closing costs, points, rate guarantees, rate buy-downs, and prepayment penalties can also greatly affect your loan's true cost.

WHAT MAKES MOUND CITY BANK BETTER?

The convenience you need, and the fast response you deserve:

• For your convenience, you can schedule meetings with your Mound City Bank Personal Banker before, during, or after normal business hours.
• Before you start home shopping, we'll prequalify your loan so you know how much house you can actually afford.
• We can pre-approve your financing before you decide on a home, giving you the extra negotiating power provided by a secure financing commitment.

WE CAN CUT YOUR LOAN APPROVAL TIME IN HALF!

Getting a rapid response to your mortgage loan application is easier than ever. Just apply for Mound City Bank's In-House Mortgage Loan Program. With an In-House Application, your loan can be approved in a week or less. That's twice as fast as any other mortgage lenders! It can be a valuable asset during your home buying process, as well as:

• Give you added "purchasing power" to negotiate a lower price for your house.
• Shorten the time for loan closing, making your offer more attractive.
• Lower the chance you might lose your dream home to a competing offer.

RELY ON MOUND CITY BANK PERSONAL BANKERS

Whether you're buying or building, finding your first home or that special place to spend your retirement years - or just refinancing your current mortgage - contact us!.

Together, we'll find an affordable combination of interest rate, loan term, down payment and closing costs that will get you to most home for your money.

MOUND CITY BANK MORTGAGE OPTIONS:

Secondary Market Fixed-Rate Programs
A fixed-rate mortgage assures that your monthly principal and interest payment will remain the same over the term of the loan. Click here to view our Fixed Rate Programs. If you're planning to stay in your new home for many years, a fixed-rate mortgage makes a lot of sense.

First-Time Home Buyer Programs
These types of loans are designed for people looking to purchase their first home who have a limited down payment. The programs offered by Mound City Bank are the WHEDA Home Program accepting a low down payment and the Guaranteed Rural Housing Program requiring no down payment. For more information, click here for WHEDA or GRH.

Adjustable-Rate Mortgages
Adjustable-Rate Mortgages (ARM'S) generally offer lower interest rates and lower initial payments. Rates and payments do adjust over the term of the mortgage. Interest rates will never exceed a pre-established ceiling. If you're planning to stay in your home only for a few years, an ARM can get you more home and lower your monthly payments.

Balloon Mortgages
A balloon mortgage often has easier qualification requirements. It starts out at a fixed-rate for a preset term. Although the term of the loan is shortened, monthly payments are based up to a 30-year amortization schedule. At the end of the initial loan period, however, the remainder of the full loan is due. At that time, you must refinance your loan at the prevailing interest rate. Balloon mortgages are most attractive if you expect to sell your home within 5 to 7 years.

Construction Loans
While you're deciding on your builder, talk to your Mound City Bank Personal Banker. We offer a balloon mortgage construction program that is designed to save you money while you're building.

Loan Terms
Click here to find an offered term to fit your situation.

Repayment Options
Traditionally, loan customers make monthly mortgage payments. We also offer a bi-weekly payment option as well. Because you're making 26 half-payments in a year - the equivalent of 13 monthly payments instead of 12 - you pay off your loan faster and pay much less interest!

Click here for current home mortgage rates.

Apply Now
We can help get you a home - and a mortgage that gives you more. You'll discover we can be just the personal banker you need! Click here to apply now.

Join the homeowners who have discovered the value of home equity as a credit resource. Equity, the amount of money you would enjoy if you sold your house today, can secure your personal line of credit.

We understand the value of home equity and offer you a revolving line of credit secured by the equity you have in your home. Once your application is approved and your credit limit is determined, you can conveniently access your loan account. A single application gives you an ongoing source of credit.

Once you establish your Home Equity Access Line of Credit you decide when and where to use it. Cash for what you need, when you need it.

• College tuition
• Investment opportunities
• Home improvements
• Starting a new business
• A second home
• A car, boat or RV
• Snapping up a bargain
• Any purpose you choose...