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Make a decision you'd love to live with.

Applying for a mortgage shouldn't be hard. For over 125 years, we've been crafting our mortgage process to be the exact opposite: Simple and stress free. Need advice? You can count on our mortgage experts to help you find the right option for you.

Make Your Dream Home a Reality With MutualBank

Our Variety of Mortgage Loan Programs Gives You Options

Fixed Rate Mortgages

We offer competitive rates and payments that are fixed for the entire mortgage term. This means your rate won’t change for the life of your loan.

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Adjustable Rate Mortgages

Our adjustable rate mortgage loans (ARMs) offer attractive rates (based on market conditions) and a variety of terms.

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FHA, VA & USDA Loans*

FHA, VA and USDA mortgages are a cost-effective option for individuals with a lower down payment capacity. Let us help you select the best one.

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Construction Loans

Building a new home? Ask us about how we could tailor a construction loan to your specific situation.

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Bridge / Interim Loans

Need to borrow funds from your current home equity to finance a new home? A bridge loan may be what you need.

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*FHA, VA, and USDA loans are offered by SummitMortgage, a subsidiary of MutualBank. SummitMortgage is not a member of the FDIC. MutualBank is a member of the FDIC. All loans are subject to credit approval by the lender. The lender is not affiliated with FHA, VA, or USDA. Additional terms and conditions may apply.

Financing our first home seemed like an impossible feat at the time even though that house was less than most mid-sized cars are today. We were just starting out and didn’t know anything about buying or financing a home. The professional people at MutualBank helped us through the process and made our dream of home ownership come true.

John Finley

MutualBank has made it possible for us buy two different homes in a stress free transaction. There was never any surprises nor any pressure to buy any other services. The communication was outstanding throughout the process.

Curt Singrey

Check Today`s Rate

Featured Home Mortgage Loan Rates

 

Rate APR Points
30 Year Fixed Rate
4.375% 4.224% 0.000%
20 Year Fixed Rate
4.125% 4.009% 0.000%
Rate APR Points
15 Year Fixed Rate
3.375% 3.540% 0.000%
1 Year Adjustable Rate
3.000% 4.054% 0.000%
Rate APR Points
5 Year Adjustable Rate
3.500% 4.062% 0.000%
7 Year Adjustable Rate
3.625% 4.109% 0.000%

APR - Annual Percentage Rate

SUBJECT TO CREDIT APPROVAL

We have Answers

Frequently Asked Questions About Buying a Home

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Is comparing APRs typically the best way to decide which lender has the lowest rates and fees?
x
Is comparing APRs typically the best way to decide which lender has the lowest rates and fees?

You can use the APR as a guideline to shop for loans but you should not depend solely on the APR in choosing the loan program that's best for you. Look at total fees, possible rate adjustments in the future if you're comparing adjustable rate mortgages, and consider the length of time that you plan on having the mortgage.

Also, unfortunately, the APR doesn't include all the closing fees and lenders are allowed to interpret which fees they include. Fees for things like appraisals, title work, and document preparation are not included even though you'll probably have to pay them.

Lastly, don't forget that the APR is an effective interest rate–not the actual interest rate. Your monthly payments will be based on the actual interest rate, the amount you borrow, and the term of your loan.

open
What are typical reasons why someone might choose a 15-year loan rather than a 30-year loan?
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What are typical reasons why someone might choose a 15-year loan rather than a 30-year loan?

A 15-year fixed rate mortgage gives you the ability to own your home free and clear in 15 years. While the monthly payments are somewhat higher than a 30-year loan, the interest rate on the 15-year mortgage is usually a little lower. More importantly, you'll pay less than half the total interest cost of the traditional 30-year mortgage.

However, if you can't afford the higher monthly payment of a 15-year mortgage don't feel alone. Many borrowers find the higher payment out of reach and choose a 30-year mortgage.

open
Can someone apply for a loan before he/she finds a property to purchase?
x
Can someone apply for a loan before he/she finds a property to purchase?

Yes, applying for a mortgage loan before you find a home may be the best thing you could do! If you apply for your mortgage now, we could issue an approval subject to you finding the perfect home. You can use the pre-qualification letter to assure real estate brokers and sellers that you are a qualified buyer. Having a pre-qualification letter for a mortgage may give more weight to any offer to purchase that you make.

When you find the perfect home, you'll simply call your Mortgage Lender to complete your application. You'll have an opportunity to lock in our great rates and fees then and we'll complete the processing of your request.

open
Tell me more about closing fees and how they are determined.
x
Tell me more about closing fees and how they are determined.

A home loan often involves many fees, such as the appraisal fee, title charges, closing fees, and state or local taxes. These fees vary from state to state and also from lender to lender. Any lender or broker should be able to give you an estimate of their fees, but it is more difficult to tell which lenders have done their homework and are providing a complete and accurate estimate. We take quotes very seriously and have completed the research necessary to make sure that our fee quotes are accurate to the city level.

  • Is comparing APRs typically the best way to decide which lender has the lowest rates and fees?

    Is comparing APRs typically the best way to decide which lender has the lowest rates and fees?


    You can use the APR as a guideline to shop for loans but you should not depend solely on the APR in choosing the loan program that's best for you. Look at total fees, possible rate adjustments in the future if you're comparing adjustable rate mortgages, and consider the length of time that you plan on having the mortgage.

    Also, unfortunately, the APR doesn't include all the closing fees and lenders are allowed to interpret which fees they include. Fees for things like appraisals, title work, and document preparation are not included even though you'll probably have to pay them.

    Lastly, don't forget that the APR is an effective interest rate–not the actual interest rate. Your monthly payments will be based on the actual interest rate, the amount you borrow, and the term of your loan.

  • What are typical reasons why someone might choose a 15-year loan rather than a 30-year loan?

    What are typical reasons why someone might choose a 15-year loan rather than a 30-year loan?


    A 15-year fixed rate mortgage gives you the ability to own your home free and clear in 15 years. While the monthly payments are somewhat higher than a 30-year loan, the interest rate on the 15-year mortgage is usually a little lower. More importantly, you'll pay less than half the total interest cost of the traditional 30-year mortgage.

    However, if you can't afford the higher monthly payment of a 15-year mortgage don't feel alone. Many borrowers find the higher payment out of reach and choose a 30-year mortgage.

  • Can someone apply for a loan before he/she finds a property to purchase?

    Can someone apply for a loan before he/she finds a property to purchase?


    Yes, applying for a mortgage loan before you find a home may be the best thing you could do! If you apply for your mortgage now, we could issue an approval subject to you finding the perfect home. You can use the pre-qualification letter to assure real estate brokers and sellers that you are a qualified buyer. Having a pre-qualification letter for a mortgage may give more weight to any offer to purchase that you make.

    When you find the perfect home, you'll simply call your Mortgage Lender to complete your application. You'll have an opportunity to lock in our great rates and fees then and we'll complete the processing of your request.

  • Tell me more about closing fees and how they are determined.

    Tell me more about closing fees and how they are determined.


    A home loan often involves many fees, such as the appraisal fee, title charges, closing fees, and state or local taxes. These fees vary from state to state and also from lender to lender. Any lender or broker should be able to give you an estimate of their fees, but it is more difficult to tell which lenders have done their homework and are providing a complete and accurate estimate. We take quotes very seriously and have completed the research necessary to make sure that our fee quotes are accurate to the city level.

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