Benefits of a Pre-Approval
Getting pre‐approved to buy a home is one of the most important steps.
Your Home Loan Options
With a fixed-rate mortgage, your monthly principal and interest payments remain the same throughout the life of the loan. Most common fixed-rate home loan terms range from 10 to 30 years.
If you plan to stay in your home several years, a fixed-rate mortgage may be right for you.
Adjustable-Rate Mortgage (ARM)
Adjustable-rate mortgages generally have monthly principal and interest payments that change after a set period of time, based on an external financial index. ARMs can offer a variety of features, such as a lower initial interest rate, periodic and lifetime caps on the interest rate and conversion options after construction completion.
If you plan on relocating or trading up in a few years, you may want to take advantage of an adjustable-rate mortgage.
Click the link below to view the disclosures that describe the features of the most common ARM programs we offer.ARM PROGRAMS
A jumbo loan is an option if you are looking to finance a home for more than $726,200. A jumbo loan exceeds the conforming loan limits and the maximum loan amount allowed by most mortgage investors. Jumbo loans potentially have some additional underwriting and property requirements.
If your situation provides you a low debt‐to‐income (DTI) ratio, an excellent credit score and a larger down payment, then a jumbo loan may be perfect for you.
Financing a condominium is different from a typical home mortgage. Our mortgage loan officers are experienced in the condo market and can help you determine if condo living is right for you.
They are knowledgeable in the financing available for a particular building, how many units are owner-occupied or rentals, what's included in the project, association budgets and insurance, and whether the property is eligible for financing.
Medical Doctor and Dentist Loans
Specialized mortgage loans designed for medical doctors and dentists may provide benefits that include zero down payments and no private mortgage insurance (PMI) requirements. Additionally, preferred pricing may be available with certain Johnson Financial Group relationships and deferred student loan debt may be excluded from loan ratios.
Whether you're fresh out of residency or close to retirement, we help you navigate your home loan options.Learn More Learn more about financing solutions for Physicians
Low Down Payment Loans
Several loan programs can make homeownership more affordable. These options include low down payments, down payment assistance, gifts and grants to help you finance your dream.Learn More Learn more about low down payment loan options
As a VA home loan provider, we’re proud to offer special benefits to active military and veterans to make buying a home more affordable. Take advantage of a zero down payment loan with low rates and low closing costs.LEARN MORE
The Mortgage Process
We will file your satisfaction with the Register of Deeds. In approximately 30 days, you will receive a copy of the satisfaction in the mail for your records, along with any overpayment amount, if applicable.
We will quote you the final payment amount. Your final payment can be made at any of our branch locations, or if your deposit account is currently with Johnson Financial Group, we may be able to process the final payment over the phone for you. Please call 888.769.3796 for additional options.
We are happy to help you review your escrow statement in detail. Please call us at 888.769.3796.
Tax documents are available under the primary account holder's MyJFG online or mobile banking under Documents. If you earned $10.00 of interest or more on a deposit account, you will receive a 1099. If you paid $600.00 or more in interest on a Mortgage or Home Equity Loan, you will receive a 1098.
Should I buy or rent?
Is homeownership the right path for you? Use our calculator to analyze the total cost to rent versus the total cost to own for a specific period of time.CALCULATE Use the Should I Buy or Rent calculator
Buying a Home
Whether you're relocating to a new community, refinancing, buying your first home or moving into a new home, learn more about the home financing process.LEARN MORE Learn more about the home financing process
Home Financing Library
Learn more about the terms and topics related to the home financing process.Learn more about home financing
Loans are subject to credit and property approval, bank underwriting guidelines, and may not be available in all states. Other loan programs and pricing may be available. Certain conditions, terms, and restrictions may apply based on the loan program selected. The term of the loan may vary based upon program chosen. Property insurance is required; if the collateral is determined to be in an area having special flood hazards, flood insurance will be required.
Doctor/Dentist (ARM): The Annual Percentage Rate is 7.965% effective 01.04.24 for a period of one month. Rates and payments based on 90% Loan to Value. Minimum down payment of 10% required. The interest rate on these loans vary and may increase after consummation. The interest rate cannot increase or decrease more than 2%-6% at the first adjustment period; and not more than 1%-2% at each subsequent adjustment period. Your interest rate cannot increase or decrease more than 6%-8% over the term of the loan. The interest rate will be based on the 30-day average SOFR (the index) as published by the Federal Reserve Bank of New York, plus our margin rounded to the nearest one eighth of one percentage point (0.125%). The initial rate may include a premium or discount and may not be based on the current index value. A monthly payment on a 360 month fully amortized $1,750,000 mortgage loan at 7.75% is $7.16 per $1,000 borrowed. Payments include principal and interest. Actual payments/monthly expenses may be greater due to term selected, property taxes and required homeowner’s insurance and, if required, flood insurance. Required closing costs, including property appraisal and title insurance, range from $2,500 to $3,000.
Doctor/Dentist (Fixed): The Annual Percentage Rate is 8.552% effective 01.04.24 for a period of one month. Rates and payments based on 90% Loan to Value. Minimum down payment of 10% required. A monthly payment on a 360 month fully amortized $1,750,000 mortgage loan at 8.50% is $7.69 per $1,000 borrowed. Payments include principal and interest. Actual payments/monthly expenses may be greater due to term selected, property taxes and required homeowner’s insurance. Required closing costs, including property appraisal and title insurance and other fees range from $2,500 to $3,000.