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.
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 | 3.000% | 3.072% | $421.60 |
| 20 Year Fixed | 2.875% | 2.977% | $548.36 |
| 15 Year Fixed | 2.875% | 3.007% | $684.59 |
| 10 Year Fixed | 2.750% | 2.828% | $954.11 |
| 5.25/1 Yr. ARM | 3.240% (30 yr. amortization) | 2.735% | $434.66 |
| 5.25/1 Yr. ARM | 2.490% (15 yr. amortization) | 2.540% | $666.32 |
Second Mortgage Rates:
Closing Costs used for Second Mortgage Equity Loan / A Credit / <80% LTV / $50,000 loan amount.
| Term | Rate | APR | Monthly Payment |
|---|---|---|---|
| 20 Year Fixed | 3.500% | 3.585% | $289.96 |
| 15 Year Fixed | 3.50% | 3.609% | $357.44 |
| 10 Year Fixed | 3.375% | 3.470% | $491.51 |
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.
Casey and I had the pleasure of working with Nicole, at Shoreline Hometown Credit Union, for our first mortgage loan. For something that we thought was going to be stressful and daunting, she really made it easy for us! Thank you Nicole!
Casey & Jill
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.