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mortgages

what type of a mortgage are you looking for?

       



Mortgage Loan Options

Whether you're buying your first home, upgrading, or looking to refinance your current loan, we have options that will meet your needs. We invite you to discover how Blackhawk Bank & Trust can help guide you through the process. See below for information on our mortgage options including: 

  • Conventional mortgages
  • Adjustable Rate mortgages
  • Government guaranteed mortgages
  • Construction loans
  • Jumbo mortgages

Check current rates

Fixed Rate Mortgages


The Blackhawk Bank & Trust fixed rate mortgages has flexible terms to help meet your needs whether you are looking to purchase a new home or to refinance your current home. Plus, take comfort in knowing that you can make your loan payment at any Blackhawk Bank & Trust location throughout the life of your mortgage!  

  • Low down payment options
  • Flexible terms
  • Competitive rates
  • Free pre-qualification
  • Easy online applications
  • Downpayment Plus Programs available

Apply for a Mortgage

Check Mortgage Rates

Adjustable Rate Mortgages

Our Adjustable Rate Mortgage loans are flexible alternatives to conventional fixed rate mortgages and are underwritten, housed, and serviced right here, at Blackhawk Bank & Trust. Payments can be made directly to any branch throughout the life of the loan. 

  • 3/3 and 5/1 Adjustable Rate Mortgage (ARM) products
  • No private mortgage insurance (PMI), required
  • Below market closing costs
  • Down payment assistance program available*
  • Free pre-qualification
  • Easy online application

Apply Now

Check rates on ARM products

*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, VA, or Rural Development Loans

Blackhawk Bank & Trust offers a full range of mortgage options including FHA, VA, Rural Development Loans'. Questions? email us at mortgages@choosethechief.com or call our 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 specialist to determine if you are eligible for an FHA loan and all the benefits that come along with it. 

  • Low down payments option
  • Credit scores as low as 580
  • Competitive rates
  • Free pre-qualification
  • Easy online application

APPLY NOW

VA (Veterans Affairs)

The Blackhawk Bank & Trust team of experienced mortgage specialists 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

APPLY NOW

USDA (Rural Development)

With the USDA Rural Development loan program homeownership is possible even if you aren't able to make a down payment on your mortgage loan. Our mortgage professionals are here to help answer your questions and guide you through the approval process.

  • Up to 100% home financing; no down payment required
  • Must meet Rural Development income limits
  • 30-year loan terms with fixed interest rates
  • Owner-occupied, one-unit, primary residence only
  • Free pre-qualification

For more information about USDA Rural Development home loans and how to apply, please call our mortgage division at 309.787.4451 or email at mortgage@choosethechief.com.

Construction, Renovation, and Home Improvement Loans

What have you been dreaming up? From a major remodel, to renovating our home, to building a home from the ground up, discover if financing your project with Blackhawk Bank & Trust can make your dream a reality.


  • Contractor or home buyer financed projects
  • Competitive rates
  • Reduced closing costs with end financing through Blackhawk Bank & Trust

For more information about construction loans and how to apply, please call us at 309.787.4451 or email at mortgage@choosethechief.com.

High Balance Mortgage Loans

Looking to purchase a larger home in a more expensive area? Blackhawk Bank & Trust offers the ability to finance a home over $484,350 with our high balance loan option. 

  • Fixed rate or Adjustable Rate Mortgages (ARM) available
  • No private mortgage insurance (PMI) required
  • Free pre-qualification
  • Easy online application

Apply Now

Mortgage Refinance

Refinancing your existing home loan can be a smart way to change the length of your home loan's repayment period and potentially lower your interest rate and monthly mortgage payment. Visit with our mortgage team today to determine if refinancing is a smart decision for you.

Refinancing benefits:

  • Reduce your monthly payment
  • Debt consolidation
  • Home improvement
  • Education expense financing

Check current refinance rates