Mortgage & Equity
Fast, easy affordable loans. Our low-cost, convenient mortgage loans come with a variety of payment terms. It is easy to apply in person, online or by phone or mail. Shoreline offers low-cost loans with a variety of payment terms to fit your budget.
ARMortgage™
Looking to purchase or refinance your home? Try out our 15 ARMortgage™. Rates are as low as 2.24% for five years on a first mortgage and 2.49% on a second mortgage. A 0.25% Hometown Loan Rebate is also available. Do the math!
| Term | Rate | APR | Monthly Payment |
|---|---|---|---|
| 5.25/1 ARMortgages™ (15 year amortization) 1st Mortgage |
2.24% | 2.758% | $679.00 |
| 5.25/1 ARMortgages™ (15 year amortization) 2nd Mortgage |
2.49% | 2.840% | $682.91 |
ARMortgages™ = Adjustable Rate Mortgage. Membership requirements apply. Loans subject to credit and collateral approval. Payment example effective 3/10/2020. Example: Interest Rate = 2.24% Annual Percentage Rate (APR) = 2.758%. The listed APR is based on the borrower’s credit worthiness and the loan to value (LTV). A credit score of 740 or greater and 80% LTV was used for this example. With a loan amount of $100,000, 5.25 year term and 180 month amortization, the monthly payment will be $679. This example does not include amounts for taxes and insurance premiums, if applicable, and that the actual payment obligation will be higher. Adjustable-Rate Mortgages (ARMs) begin with a fixed interest rate and after the initial term the rate may change periodically, usually based upon a pre-determined index. Additionally, may qualify for Hometown Loan Rebate program. $20,000 new money required to get promotional rate.
Mortgage Rates:
Closing costs used for a purchase assuming / A credit / <80% LTV / $100,000 loan amount.
| Term | Rate | APR | Monthly Payment |
|---|---|---|---|
| 30 Year Fixed | Contact a loan officer for rates! | Contact a loan officer for rates! | – |
| 20 Year Fixed | Contact a loan officer for rates! | Contact a loan officer for rates! | – |
| 15 Year Fixed | Contact a loan officer for rates! | Contact a loan officer for rates! | – |
| 5.25/1 Yr. ARM | 3.240% (30 yr. amortization) | 3.332% | $434.66 |
| 13 Year Fixed | 3.375% | 3.554% | $792.79 |
| 10 Year Fixed | 3.125% | 3.352% | $971.39 |
| 7 Year Fixed | 2.875% | 3.192% | $1,315.70 |
| 5 Year Fixed | 2.875% | 3.313% | $1,791.32 |
Second Mortgage Rates:
Closing Costs used for Second Mortgage Equity Loan / A Credit / <80% LTV / $50,000 loan amount.
| Term | Rate | APR | Monthly Payment |
|---|---|---|---|
| 5.25/1 Yr. ARM | 3.49% (20 yr. amortization) | 3.834% | $289.72 |
| 13 Year Fixed | 3.99% | 4.166% | $411.31 |
| 10 Year Fixed | 3.74% | 3.964% | $500.07 |
| 7 Year Fixed | 3.49% | 3.804% | $671.77 |
| 5 Year Fixed | 3.49% | 3.921% | $909.36 |
Home Equity Line of Credit Rates
Establish a credit line with your home’s equity.
| Loan-to-Value | 740> Credit Grade* | 739-680 Credit Grade* | 679-640 Credit Grade* |
|---|---|---|---|
| 80% or Less | Prime | Prime + .25 | Prime + .50 |
| 80.01% – 89.99%+ | Prime + 1.00 | Prime + 1.25 | Prime + 1.50 |
Options Include:
- Purchases
- Refinances
- Pre-approvals
- Low money down program
- First and Second mortgages
- Home equity loans Apply today*
- 5, 7, 10, 13, 15, 20 and 30 year fixed-rate mortgages
- Additional Mortgage Loan Products
- VA Loans
- USDA Loans
- WHEDA Loans
- FHA Loans
Bring these items in when applying for a Mortgage
- Two years employment history
- Two years of federal income tax returns (W-2, I-9 and all schedules)
- Two months of financial statements
- One month of pay stubs
- Child support or alimony received documentation
- Pension, disability or Social Security income requires current awards letter and three months of payment proof
- Copy of property data sheet and offer to purchase documents
- If refinancing — a copy of the property tax bill, home owners insurance, current mortgage statement (HARP streamline refinances require original Note and HUD settlement statement)
- Child support or alimony court order if paying
- If divorced — copy of divorce decree.
Shoreline Lending Experts who can assist you with your loan requirements:
Nicole Hurlbert
920-794-5503
NMLS ID 1121905/409479
[email protected]
3131 Mishicot Rd.
Two Rivers, WI 54241
Andrea Schmitt
920-794-2115
NMLS ID 441422/409479
[email protected]
4400 Calumet Ave.
Manitowoc, WI 54220
Bank from home! For first available Hometown Lender, email us Here.