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Mortgage Services

Make Yourself at Home

After serving the region for more than 120 years, Community State Bank has earned the reputation as one of the most flexible and customer-friendly mortgage lenders in Racine County, Kenosha County and Walworth County in Southeast Wisconsin.

Our mortgage lending team helps you when you need them — including weekends. Whether you’re a first-time homebuyer or an existing homeowner, looking to build or refinance, we’re the bank for you!

Our Mortgage Loans

Fixed-Rate Mortgage

With a fixed-rate mortgage, you have the security of always knowing what your monthly principal and interest payments will be. A fixed-rate mortgage is a popular type of financing because it offers predictability and stability for your budget.
•    Minimum down payment: 3%


Adjustable Rate Mortgage (ARM) Loan

How long are you planning to own your home? If you’re planning on selling or moving within the next five years, an adjustable rate mortgage (ARM) loan may be a great option for you. An ARM offers lower early payments than a fixed-rate mortgage. Your interest rate is fixed for five years and becomes variable for the remaining loan term, adjusting every year after that.
•    Minimum down payment: 5%


USDA Home Loan

USDA loans are mortgage loans that are guaranteed by the U.S. Department of Agriculture. Home buyers who buy a home in a qualified USDA area and who meet USDA income eligibility requirements can take advantage of the USDA’s low mortgage rates and a program requiring no down payment.* With a USDA loan, homebuyers can finance up to 100% of the purchase price of a property.
•    Minimum down payment: 0%
 

WHEDA Loans

The Wisconsin Housing and Economic Development Authority (WHEDA) has mortgage programs tailored to your individual needs, whether you are purchasing or refinancing, a first-time or repeat homebuyer. The WHEDA Advantage provides homebuyers with a versatile loan that features low monthly mortgage payments and a 30-year fixed rate.
•    Minimum down payment: 3%
 

Federal Housing Authority (FHA) Loan

The Federal Housing Administration provides mortgage insurance on loans made by FHA-approved lenders, including Community State Bank. FHA insures these loans on single-family and multi-family homes in the U.S. and its territories. FHA loans* are a good option for first-time homebuyers who may not have saved enough for a large down payment.
•    Minimum down payment: as low as 3.5%
 

Veterans Administration (VA) Loan

VA loans* help U.S. military servicemembers, veterans and eligible surviving spouses become homeowners. The U.S. Department of Veterans Affairs guarantees a portion of the loan, which enables qualified lenders — like Community State Bank — to offer more favorable terms. VA loans can also be used for home construction, repair and renovation.
•    Minimum down payment: as low as 0%

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Mortgage Lending Team

Michael Fohey
Michael Fohey VP | Mortgage Center Manager NMLS ID: 718442
Kim Terpstra
Kim Terpstra Mortgage Loan Officer NMLS ID: 776940
Kevin Jorgensen
Kevin Jorgensen Universal Banker III | Mortgage Lender NMLS ID: 1666771
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