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Home Mortgages

When it comes to real estate financing, applying for a mortgage can sometimes be very intimidating because there are so many different options to choose from. Our experienced team of mortgage specialists will help guide you to find the loan that's best for you.

Conventional

• Features fixed 30-year, 20-year, 15-year or 10-year loan options
• Minimum down payment is 3.00%
• Mortgage Insurance is required until the loan is below 80% loan-to-value
• As low as 620 credit score with automated underwriting approval

USDA

• Property must fall within certain rural areas
• Features fixed 30-year and 15-year loan options 
• Minimum down payment is 0.00%.
• Mortgage Insurance is required for the life of the loan
• As low as 640 credit score with automated underwriting approval

Federal Housing Authority (FHA)

• Features fixed 30-year and 15-year loan options
• Minimum down payment is 3.50%
• Mortgage Insurance is required for the life of the loan 
• As low as 580 credit score with automated underwriting approval

Federal VA Loans

• Features fixed 30-year and 15-year loan options 
• Minimum down payment is 0.00%
• Mortgage Insurance is not required
• As low as 600 credit score with automated underwriting approval

WI Housing Economic Development Authority (WHEDA)

• Borrowers must fall under certain income and Purchase price requirements
• Features fixed 30-year and 15-year loan options 
• Minimum down payment is 3.00%. The down payment and closing costs can be financed as
  a fixed 2nd mortgage loan through WHEDA 
• Mortgage Insurance is required until the loan is below 80% loan-to-value. WHEDA offers
  discounted Mortgage Insurance
• As low as 640 credit score with automated underwriting approval

MN Housing

• Borrowers must fall under certain income and purchase price requirements
• Features fixed 30-year and 15-year loan options
• Minimum down payment is 3.00%. The down payment and closing costs can be financed as 
  a fixed 2nd mortgage loan through Minnesota Housing
• Mortgage Insurance is required until the loan is below 80% loan-to-value. Minnesota Housing
  offers discounted mortgage insurance
• As low as 640 credit score with automated underwriting approval

 

Coulee Bank's lending priority is focused on serving the communities in close proximity to our branch offices. For our La Crosse and Onalaska, Wisconsin branches, our primary lending area will be residents in Jackson, La Crosse, Monroe, Trempealeau, and Vernon counties in Wisconsin and Houston and Winona counties in Minnesota. For our Twin Cities branch located in St. Paul, Minnesota, our primary lending area will be residents in Anoka, Carver, Chisago, Dakota, Hennepin, Ramsey, Scott, Washington, and Wright counties in Minnesota, and St. Croix and Pierce counties in Wisconsin.  For our Rochester, Minnesota  Lending Production office, our primary lending area will be residents in Olmstead, Wabasha, Goodhue, Dodge, Fillmore, and Mower counties.