Lending Update

Happy Spring, sort of……I am guessing we are going to end up going straight from Winter to Summer since we have apparently missed Spring!

I am sure we have all been busy preparing for the Spring buying season.  I know I have many, many Pre Approvals and not as many Accepted Offers as I was expecting.

  I am hearing from fellow lenders and Realtors that we are all in the same boat for the most part.  Lack of inventory is an issue as well as rising rates.  Frustrating but, understandable after the past 2 years of a booming market.  

As a Lender, I have noticed more interest in Arm Loan products.  The rate is quite a bit lower which has peaked buyer interest.  We have 5, 7 & 10 year Arm loan rates available, typically 1-1.5% lower than the 30 year fixed rates.  This Loan Option can finance up to 95% of a purchase price.  Another Product Associated has available that might be helpful is our Medical Professional loan.  This Loan is offered in any of our Fixed or Arm products up to 95% financing with NO PMI for buyers in the Medical Field. 

Happy house hunting everyone!


Jason “Smitty” Smith, AVP                        
Residential Loan Officer  |  Residential Lending

Office: 608-259-3774  |  Fax: 608-833-9159 |  Cell: 608-576-7067

7722 Mineral Point Rd.  |  Madison, WI 53717

750 Viking Dr.  |  Reedsburg, WI 53959

102 N. Main St.  |  Lodi, WI 53555

222 E Wisconsin St |  Portage, WI 53901

2420 Allen Blvd |  Middleton, WI 53562

269 S. Century Ave |  Waunakee, WI 53597


NMLS ID: 762823