WoodTrust offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide:

FREE Pre-Approval

• You will know up front what your loan terms, costs, and approximate monthly payment will be for ease in planning for the future.
• You and your Realtor will know how much home you can afford, narrowing your home search to homes in the appropriate price range.
• Once a home is found, the final approval process and the closing can happen much sooner because the credit portion of the approval process is already complete.
• If your offer is being considered along with another offer on a home, a pre-approval can make your offer even more attractive to the seller.
• Our lenders can approve your mortgage loan and service it locally to help open the door to your new home.

Fixed Rate

• 15, 20, or 30 year terms
• Guaranteed Rate – fully amortized
• Interest may be tax deductible – consult your tax advisor for details
• Fixed payment
• 0% down
• Interest only
• No prepayment penalty
• 5 or 7-year balloon
• 5 or 10-year fixed (in-house)
• Bi-weekly payments

Adjustable Rate

• 1, 3, 5, or 10-year term
• Fully amortized
• Good choice if you do not plan on staying in the home long
• Flexible terms – can convert to a fixed rate at any time

WHEDA Home Loans

• Low fixed interest rate
• 3% down payment
• Assist the low and moderate income individual or family buy a home
• First time home buyer
• Income within current program limits
• Good employment and credit history

Investment Property

• 1-4 family
• Fixed rate
• 15, 20, or 30-year terms

Single Close Construction Loans

This type of loan establishes the construction loan as part of the buyer's permanent mortgage loan. During construction, the buyer pays only the interest on the amount advanced. When the home is complete, the buyer will begin regular monthly principal and interest payments. This type of loan saves the buyer time and money by eliminating the additional application and loan closing process required for permanent mortgage options. It's quick and easy.