Whether you are looking to buy or refinance a home, purchase a car, or consolidate debt, our diverse loan programs will give you the solutions you seek.

Personal Loans: Mortgage

When you make the decision to build or buy a home, or to improve the home you now own, we can help. We offer a wide variety of competitive mortgage rates and terms to fit your needs, as well as home equity loans to use for a variety of purposes. Stop in today and speak to a WSB personal banker to find out which loan is right for you.

Fixed-Rate Loans 

A variety of repayment terms are available.

• Both the interest rate and the monthly payments (for principal and interest) stay the same during the life of the loan.
• Interest rates are quoted based on the term of the loan requested.

Adjustable-Rate Loans

• Usually have a lower initial interest rate than fixed rate loans.
• The interest rate fluctuates over the life of the loan based on market conditions.
• The loan agreement sets the date on which the interest rate and monthly payments can change.
• An "interest rate cap" places a limit on the amount the interest rate can increase or decrease.
• Interest rates are quoted based on the frequency of interest rate adjustments.

FHA/VA Loans

• Smaller down payment
• Fixed rate and ARM loans available
• Lower monthly payments
• Flexible loan terms

Balloon Loans 

• They have a fixed interest rate.
• The interest rate is usually lower than fixed-rate loans.
• A variety of amortization terms are available.
• There is a lump sum (balloon) payment due at maturity.

Home Equity Line of Credit Loans 

• HELOCs are adjustable loans with an extended repayment term for owner occupied dwellings.
• Application is made for a maximum credit limit that is revolving/reusable.
• Funds are accessed through a dedicated checking account.
• Accounts are billed interest due each month.
• The total loan-to-value (first and second lien) maximum is 80%.

Fixed-Rate Home Equity Loans

• A variety of repayment terms are available.

Real Estate Investor Loans 

• Available for tenant-occupied residential dwellings.
• Fixed, Balloon, and Adjustable terms are offered.

Construction/Permanent Financing 

• Available if you need payments made to contractors during construction of your new home.
• Use of an experienced contractor is required.
• Up to four disbursements are allowed during construction.
• We generally finance up to 80% of value under this adjustable-rate program.

Vacant Lot Loans 

• The purchase of a future home site may be financed.
• We generally finance up to 75% of value under this balloon loan program.

Bridge Loans

• Borrow money on equity against current home to finance new home; good for relocation

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Personal Loans: Consumer

Waukegan Savings Bank offers loans to fit your needs.  Whether you are purchasing a new car or boat or consolidating debt, we'll assist in helping you with the right loan. Stop in and apply today.

Stop in today for Waukegan Savings Bank's auto loan special with rates as low at 3.99%**APR.  You can also receive $75* for opening the auto loan!

Automobile

• Fixed-rate programs are available for the purchase or refinance of vehicles manufactured within the past 20 model years.
• A variety of loan terms are available.
• 85% LTV maximum.

Personal Loans 

• Secured and unsecured loans are available to a maximum of $1,000.
• Fixed-rate repayment terms are available.

Debt Consolidation Loans 

• Secured and unsecured loans up to $10,000 are available.
• Fixed-rate repayment terms are available.

Collateral Loans 

• Keep your savings intact and earn interest.
• Use your savings account as collateral for your loan.
• Low rates, flexible terms, immediate approval, instant cash.

Student Loan Programs

• Save money with the Smart Option Student Loan®.  Click here to learn more.

Auto Loan Special Information*

*Offers subject to credit approval and are for new accounts only.  $75 will be deposited into checking account if account is in good standing for first 90 days.  Loan must be transferred from another bank, credit union, savings & loan or auto finance company or be a new purchase from a dealership. Vehicle must be used as collateral.  Loans canceled within 24 months of opening are subject to $150 early closing fee. Minimum loan amount $10,000.  **To qualify for the promotional Annual Percentage Rate (APR) of 3.99% a minimum credit score of 680 and maximum debt to income ratio of 38% is required. For all other credit and collateral, the bank’s current rates will apply.  Deposit account required, if the deposit account is closed within 12 months the APR on the loan will increase. Rates as of 4/11/11. $75 Bonus offer is limited to one per customer and the offer is subject to change at any time in our sole discretion without notice.