MORTGAGE LOAN OPTIONS
Whether you're buying your first home, upgrading, or looking to refinance we have options to meet your needs:
- Conventional mortgages
- Adjustable Rate mortgages
- Government guaranteed mortgages
- Construction loans
- Jumbo mortgages
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FIXED RATE MORTGAGES
Our fixed-rate mortgages offer flexible terms to suit your needs, whether you're buying a new home or refinancing. Plus, enjoy the convenience of making payments at any Blackhawk Bank & Trust location throughout the life of your loan!
- Low down payment options
- Flexible terms
- Competitive rates
- Free pre-qualification
- Easy online applications
- Downpayment assistance programs available
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ADJUSTABLE RATE MORTGAGES
Our Adjustable Rate Mortgage (ARM) loans are flexible alternatives to conventional fixed rate mortgages that are underwritten, housed, and serviced right here, in-house. Payments can be made directly to any branch throughout the life of the loan.
- 3/1 and 5/1 Adjustable Rate Mortgage (ARM) products
- No private mortgage insurance (PMI), required
- Below market closing costs
- Downpayment Plus Programs available*
- Free pre-qualification
- Easy online application
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*Downpayment Plus® is a matching program from the Federal Home Loan Bank of Chicago. Restrictions apply. Please see the Federal Home Loan Bank of Chicago’s website at www.fhlbc.com for complete requirements. “Downpayment Plus” is a registered trademark of the Federal Home Loan Bank of Chicago.
FHA AND VA LOANS
Blackhawk Bank & Trust offers a full range of mortgage options including FHA and VA Loans. Questions? Send us a secure email, using the following link or call us at (309) 787-4451.
FHA (Federal Housing Authority)
Federal programs make home financing available and affordable, helping to make many borrowers dreams of home ownership a reality. Stop in to speak with a mortgage officer to determine if you are eligible for an FHA loan and all the benefits that come along with it.
- Low down payment options
- Credit scores as low as 580
- Competitive rates
- Free pre-qualification
- Easy online application
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VA (Veterans Affairs)
The Blackhawk Bank & Trust team of experienced mortgage officers are here to help service members, veterans, and eligible surviving spouses become homeowners. Work with our team to determine your Veterans Affairs loan eligibility and to learn about the benefits that are available through the federal programs.
- Up to 100% home financing; no down payment required
- No private mortgage insurance required
- Competitive rates
- Free pre-qualification
- Easy online application
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CONSTRUCTION, RENOVATION, AND HOME IMPROVEMENT LOANS
Let us help finance your dreams. From remodels or renovations to building a home from the ground up, Blackhawk Bank & Trust can help make those dreams a reality.
- Contractor or home buyer financed projects
- Competitive rates
- Reduced closing costs with end financing through Blackhawk Bank & Trust
For more information, call (309) 787-4451 and ask to speak with a Loan Officer or send us an email.
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HIGH BALANCE MORTGAGE LOANS
Homeownership dreams come in all shapes and sizes. This loan option helps to finance home purchases over $484,350.
- Fixed rate or Adjustable Rate Mortgages (ARM) available
- No private mortgage insurance (PMI) required
- Free pre-qualification
- Easy online application
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MORTGAGE REFINANCE
Refinancing your home loan can help you lower your interest rate, reduce your monthly payment, or potentially shorten your repayment term. Our mortgage team will explore your options and help find the best choice for you.
Refinancing benefits:
- Reduce your monthly payment
- Debt consolidation
- Home improvement
- Education expense financing
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DOWNPAYMENT PLUS® PROGRAM
Blackhawk Bank & Trust and the Federal Home Loan Bank of Chicago can help! Through the Downpayment Plus Program, up to $10,000 may be available to eligible homebuyers to use towards a down payment and closing costs.
Ask one of our mortgage officers today to see if you are eligible! Homebuyers must meet income eligibility requirements and:
- Contribute at least $1,000 to the purchase of the home
- Complete pre-purchase homebuyer education and counseling
- Live in the home as your primary residence
Contact one of our mortgage specialists to determine if you qualify!
SEND A MESSAGE TO OUR MORTGAGE SPECIALISTS
LEARN MORE ABOUT THE PROGRAM