Rural Housing Program (Purchase and Refinance)

• Gives qualifying borrowers the ability to purchase a home with zero downpayment.
• 30 year fixed rate loan
• maximum 29% Housing Ratio and 41% Total Debt Ratios;
• escrows are required; income and property location restrictions.
• Servicing Released

The Rural Housing Refinance program is available for borrowers who currently have an RD loan and are looking to lower the interest rate by at least 1 percent.  

 Federal VA Program

• Offers Veterans a 30 Year fixed rate a purchase of a home through the US Dept of Veterans Affairs.
• 1-4 unit family homes – borrower must occupy 1 unit. 
• No Mortgage Insurance required; escrows required.
• Community Bank must be approved with the US Dept of Veterans Affairs.  
• Community Bank is responsible for processing and closing document preparation. 
• Bankers’ Bank will provide initial and final underwriting.   Servicing released

Agency Programs. 10, 15, 20, 30 year fixed rates. 30, 45 & 60 day lock period.

Best Effort and Mandatory Delivery available.  Servicing retained by Bankers' Bank.  

Private Programs.  15, 20, 30 years fixed rates. 15, 30, 45 & 60 day lock periods.

Best Efforts and Mandatory Delivery available.   Servicing released.

Manufactured Homes. 15, 20, or 30 year fixed rate terms only – Agency Program only

Multi-width; owner occupied; Classified as real property built after 6/15/76. Must have HUD data plate.

Jumbo loans. Loan amount exceeds the FNMA max allowable loan amount. 15 or 30-year fixed terms. Purchase and Rate Term refinances.  Loan will be underwritten and serviced by private investor.

ARM.  3/1 ARM, 5/1 ARM and 7/1 ARM. Each program has specific program requirements for Margin, Caps, and LTV. Disclosures available on BB website. Serviced released.

WHEDA Program-Wisconsin only

• 30 year loan with 41% Total Debt Ratios;
• programs with and without mortgage insurance requirement;
• escrows are required. Income and Purchase limits apply.
• Qualifying borrowers can also obtain WHEDA Easy Close Second mortgage
• Serviced by WHEDA.

Approved Property Types

1-4 unit Owner Occupied and Investment properties                                     

Single Family, Second Home, Manufactured, Condominium, Planned Unit Developments (PUDs)