Branch Closure Notice as of October 8th, 2020 and Message Regarding Marathon Bank’s response to COVID-19 (coronavirus). Read More

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Trust … more than a feeling of security, it’s your assurance that someone’s looking out for you. That’s what we believe. From personal savings to business expansion goals, you can expect more from Marathon Bank.

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Mortgage Loans
Rates as of October 21, 2020

Term Interest Rate Annual Percentage Rate Points
10/1 ARM 4.000% 4.074% 0.00
7/1 ARM 3.875% 3.945% 0.00
5/1 ARM 3.750% 3.815% 0.00
30 Year Fixed 2.875% 2.953% 0.00
20 Year Fixed 2.750% 2.860% 0.00
15 Year Fixed 2.375% 2.517% 0.00

Rates listed are based on a loan amount of $100,000 for the term shown to purchase a single family home located in Wisconsin, with a loan-to-value of 80%, a credit score of 740, and borrower paid finance charges and closing fees totaling approximately $2,154. Annual Percentage Rates (APR) and interest rates may vary based on the terms of the loan selected, loan type, underwriting, credit history, down payment, and debt-to-income ratios. All rates are subject to change without notice.

An Adjustable Rate Mortgage, or ARM, contains a variable rate feature which provides that the interest rate and payment and/or terms of the loan can change. After the initial fixed period, the amount of the monthly payment may increase. A $100,000 5/1 ARM loan, at an interest rate of 4.00%, could have a monthly payment of $477.42 for 360 months.

A fixed rate mortgage features an interest rate that will not change during the term of your loan, and the monthly payment will remain consistent for the term of the loan. A $100,000 15 year loan, at a fixed interest rate of 3.25%, could have a monthly payment of $702.67 for 180 months.

Your monthly payment may vary, and may include homeowner’s insurance and/or property taxes which could increase your monthly payment. All loans are subject to credit approval. Contact the Bank for more information.

Low Rate Adjustable Rate Mortgages

Oct 21, 2020

With an adjustable-rate mortgage, you benefit from an initial interest rate that may be lower than the rate on a fixed-rate mortgage. Our 3/3, 5/1, 7/1 and 10/1 ARMs offer the stability of a lower initial rate that is set for a period of three, five, seven or ten years before the adjusting period begins.

Effective Thursday October 8th, 2020 all Marathon Bank lobbies will be closed

Oct 08, 2020