Real Estate

The Harvard State Bank offers a wide range of mortgage loan products to meet your needs. We offer mortgages for construction, primary homes, second homes, non-owner occupied, and investment properties. 

Down Payment Plus Grant Program ($8,000.00)

A down payment and closing costs assistance program for our Northern Illinois and Southern Wisconsin moderate income homebuyer. Grants will be awarded to qualified applicants on a first come - first served basis until funds run out. Grants are provided by the Federal Home Loan Bank. The Homebuyer Grant makes home ownership a reality for families who otherwise might see it as only a dream.
Eligibility:

The household must have an annual income that is no more than 80% of the county median income for that family size. Our Loan Officer will help you determine this amount.

As a Downpayment Plus participating Bank, we are excited about the benefits to our Community

  • More Homeowners
  • More homes sold
  • More support jobs in our Community
The financial assistance provided is in the form of a 5 year forgivable grant (second mortgage with NO interest & NO payment)

The amount of your own funds required in the transaction may vary based on lenders, insurers and investors guidelines.


Home Equity Line of Credit

Loans for up to 85% of your home’s value to use for any purpose. Borrow what you need, set the term and payment to best fit your budget. 

Have you considered unlocking your home’s equity to access funds?

This loan provides the easiest, most convenient way to access your home’s equity. Home equity line checks provide you easy access. 

  • Interest rates based on the Prime lending rate 
  • Monthly billing with interest only payments 
  • Flexibility in principle payments
* A balance remains due at time of loan maturity which requires a new loan or a balloon payment

No Application Fee At Time of Closing

Checklist for HELOC Loans: (Home Equity Line of Credit)

  • Last 2 years W-2s 
  • Payroll stubs for most recent month 
  • Contact person and phone number of employer 
  • 2 Years full Federal Tax returns if self-employed 
  • Account numbers for all deposit accounts 
  • Last 3 month’s bank statements on all deposit accounts 
  • Balance of your present mortgage, name, address and telephone number of financial institution 
  • Recent appraisal if mortgage is with another institution 
  • Tax Bill, prior title, and homeowners insurance policies 

Fixed Rate Loans

  • Guaranteed rate for the term of the loan 

Balloon Loans

 Check List for Mortgages:
  • Last 2 years W-2s 
  • Payroll stubs for most recent month 
  • Contact person and phone number of employer 
  • 2 Years full Federal Tax returns if self employed 
  • Account numbers for all deposit accounts 
  • Last 3 month’s bank statements on all deposit accounts 
  • Landlord's name and address 
  • Balance of your present mortgage, name, address and telephone number of financial institution 
  • Purchase – offer to purchase 
  • Construction contact, plans and specs 
  • Refinance – tax bill, prior title, and homeowners insurance policies 
CONTACT ANY ONE OF OUR LOAN OFFICERS FOR SPECIFIC INFORMATION OR LOAN RATES ON ANY OF OUR LOAN PRODUCTS. 

The Harvard State Bank's NMLS Number is 704698 

Tony Villarreal Consumer & Mortgages NMLS # 204503 (815) 943-4400
Phillip Lehmann Business & Commercial NMLS # 744670 (815) 943-4400
Nick Nelson Mortgages NMLS # 384413 (815) 397-3111
Jennifer Goley Mortgages NMLS # 1051774 (815) 732-3111