Mortgage Programs

Buying a home can be a confusing process. At Hiawatha National Bank, we believe financing it shouldn't be. Whatever your situation, our local mortgage lenders can help you choose the right loan program for you.

We offer a variety of mortgage programs so you can find the loan program that works best for your unique situation.

Programs available include:
  • Conventional Fixed Rate
  • Conventional Adjustable Rate
  • Construction-to-Permanent
  • Home Equity Line of Credit (HELOC)

Conventional Fixed Rate

If you are looking for a set monthly mortgage payment, a Conventional Fixed Rate Mortgage may be right for you.

Conventional Fixed Rate Mortgage loans mean that your loan's interest rate is locked for the life of the loan.

Homebuyers may finance up to 95%* of their home purchase with a Conventional Fixed Rate Loan, or finance 80% without mortgage insurance. These attractive fixed rate programs may be available for your primary residence or your year-round second home. Fixed rate mortgages are also available on investment properties.

*Subject to credit approval

Conventional Adjustable Rate

If you are looking for a low initial monthly payment and are willing to accept the uncertainty of future rates and payments, an ARM may be right for you.

Adjustable-rate mortgages typically offer a lower initial interest rate than fixed-rate loans. That is because the loan's initial interest rate is only fixed for a set period of time. After that, the rate will adjust periodically, and so will your monthly mortgage payment. 


Building a new home can be an overwhelming process and confusing as to where to start. By working with a Mortgage Professional from Hiawatha National Bank, the mortgage process is simplified with our one-time-close option. Our construction-to-permanent loan program offer interest-only-payments for the construction term, then converts to a mortgage - saving you time and money.

Home Equity Line of Credit (HELOC)

A home equity line of credit is a revolving form of credit secured by your home.  You can borrow as little or as much as you need, up to your approved credit line and you pay interest only on the amount that you borrow.  You can take advantage of the flexible repayment term, and you can use the credit again as you pay down the balance.