View our
Loan Application Checklist

Download our Residential Loan Application (requires Adobe Acrobat Reader)   After printing and filling out your application,   Fax to: Attn: Henry D. Harseim Phone: 815-942-3232 Fax: 815-942-6109   Mail to: Morris Building & Loan Attn: Henry D. Harseim 211 E. Jefferson Street Morris, IL 60450   or drop it off during regular business hours.

Fixed Rates

• Interest rate remains the same during the life of the loan
• Flexible payment terms

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Balloon Loans

• Shortened monthly payments arranged
• Interest rate is lower than fixed rate loan and remains constant during the life of the loan
• Perfect for those not planning on staying in their home for many years

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Adjustable Rate Mortgage (ARM)

• Interest rate is fixed for an initial period
• Interest rate will never increase of decrease on any change date by more than 2%
• Interest rate will not increase more than 6% over the term of the loan
• Perfect for those not planning on staying in their home for many years

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Down Payment Plus^® Program

• Income qualified homes in Illinois may receive up to $5,000 in downpayment and closing cost assistance
• Homebuyer must contribute at least $750 towards the purchase of the home
• Provided as a 5 year forgivable grant--upon completion of 5 years the grant is totally forgiven

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Guaranteed Loan Program

• Income qualified applicants can receive a loan up to 102% of the appraised value
• No Private Mortgage Insurance Premiums
• No downpayment
• No loan limits
• No minimum credit score
• Not just for first time homebuyers
, anyone may qualify
• Must be US Citizen or Permanent Resident

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For more information, email us at loans@morrisbl.com