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Our Alpine Parkway
Mortgage Servicing
Center and Full Service
Banking Office is open:

Lobby and Drive Up
Monday - Friday

8:30 a.m. to 5:00 p.m.

Closed Saturdays

Phone:  (608)835-3168


New Alpine Parkway Mortgage Center with Full Servicing Banking!

Oregon Community Bank is growing!  Due to our wonderful and loyal customers we have become Oregon's Number One Mortgage Lender. In order to serve our customers better we have moved our Mortgage Operations to our Alpine Parkway Location.  We welcome you to stop by and meet our Mortgage Team and our Full Service Banking Professionals.

Our Main St. office will continue to have a Mortgage Loan Officer available to serve you as well.  



It is important to know the differences between the loan types and understand your options. Oregon Community Bank (OCB) wants to ensure that you have a mortgage option which meets your financial requirements with service that exceeds your expectations.

Please review the following choices and apply on line or call one of our experienced mortgage loan officers for more product details.

Secondary Market Long Term-Fixed Rate Products (Conventional):

The secondary market allows OCB to underwrite, close and service your loan locally. These types of loans are the most commonly offered by community banks like OCB for long term mortgage solutions.

Features of a Long Term-Fixed Rate Loan:

·         They are simple and easy to understand compared to Adjustable Rate Mortgages.

·         You don’t have to worry about your interest rate changing, how the rate is calculated, how the payments are structured, or if the loan can go into negative amortization.

·         They offer security for buyers, and are appropriate for first-time homeowners.

·         They are well-suited to people who like to be able to predict what their monthly expenses are going to be, and for those who wish to keep their homes for a long time.

·         Fixed-rate mortgages offer protection from inflation. With inflation, prices go up and the value of your dollar is reduced. Your mortgage payment doesn’t change. So when your dollars drop in value it means you’re paying less for your mortgage in real terms.

Jumbo Fixed Rate Products:

A Jumbo mortgage is a loan in excess of $417,000. Many times other lenders offer an alternative of a 1st and 2nd mortgage combination when a loan exceeds $417,000. This will require two mortgage payments and may require a higher interest rate on the second mortgage.

Features of a JUMBO loan:

·         One mortgage payment at a competitive interest rate

·         The ability to finance short term second mortgages into long term first lien mortgages

·         One time closing fee

·         Ability to lend up to $1,500,000

USDA Rural Housing:

What does this program do? 
This program assists approved lenders in providing low and moderate income households the opportunity to own adequate, modest, decent, safe and sanitary dwellings as their primary residence in eligible rural areas with $0 money down. Eligible applicants may build, rehabilitate, improve or relocate to a dwelling in an eligible rural area. The program provides a 90% loan note guarantee to approved lenders in order to reduce the risk of extending 100% loans to eligible rural homebuyers.

Features of a USDA loan:

·         Down Payment not required. USDA offers $0 down payment options. It is possible to finance the closing costs into the loan amount. Specific guidelines apply.

·         Ability to finance USDA fee and closing cost in loan-The 2% guarantee fee and the closing costs can be financed into the loan if the appraisal exceeds the purchase price. Specific guidelines apply.

Who may apply for this program?
Applicants must:

·         Meet income-eligibility Agree to personally occupy the dwelling as their primary residence

·         Be a U.S. Citizen, U.S. non-citizen national or Qualified Alien

·         Have the legal capacity to incur the loan obligation

·         Have not been suspended or debarred from participation in federal programs

·         Demonstrate the willingness to meet credit obligations in a timely manner

·         Purchase a property that meets all program criteria

What is an eligible area?
Check eligible addresses for the loan guarantees.


WHEDA offers a variety of 30-year, fixed interest rate mortgage loans through OCB.

Whether you’re buying your first home or a repeat homeowner, you can rely on WHEDA's unique, flexible low-cost loan.​We’re certain that when you compare a WHEDA loan to other mortgages on the market, the choice will be an easy one.

Features of a WHEDA loan:

·         No Private Mortgage Insurance option with a higher interest rate, often resulting in a lower monthly payment

·         No money down option- single family homes

·         Gift from family members for down payments

·         Use regional down payment assist programs to help with down payments

·         Wisconsin property and serviced in Wisconsin

Short Term Portfolio (In-house) Products:

An alternative to specialty and conventional mortgage products which require applicants to meet specific, state or national, underwriting guidelines are OCB’s in-house portfolio products. These mortgage products allow OCB flexibility in determining the common sense of a mortgage application. In situations when a loan does not fit in a secondary market loan or a specialty loan, OCB can successfully underwrite and close the loan for their own portfolio.

Lot Loans:

OCB offers qualified buyers residential lot loans tailored to meet the financing requirements for the purchase of the land only and future construction on the selected lot.

Construction Loans:

Construction loans for new-built homes are either obtained by the homebuilder or prospective owner. Such loans, which can be tough to get without a previous banking history, or creating a banking relationship, because of the lack of collateral (a finished home), have special guidelines and include monitoring to ensure timely completion so your repayment can begin promptly.

Construction loans are typically short term with a maximum of six months, and have a fixed rate. To gain approval, OCB will need to see a construction timetable, detailed plans and a realistic budget, sometimes called the "story" behind the loan

Federal Housing Authority (FHA): products being developed


Adjustable Rate Mortgages (ARM): product being developed

 Sr. Vice President, Mortgage Lending

Roger Erickson


(608)501-8351 (Office)|(608)219-9508 (Mobile)


You can see Roger at our Mortgage Center located at our Alpine Parkway office.

Residential Mortgage Loan Officers 


Dawn Andersen
Assistant Vice President Senior Mortgage Officer


(608)835-6107 office|(608)501-9406 mobile


You can see Dawn at our Main St. office.



Ann Becker, Mortgage Loan Officer


(608)835-6110 office|
(608)501-9204 mobile


You can see Ann at our Mortgage Center located at our Alpine Parkway office.


Laurie Miller, Mortgage Loan Officer


(608)835-6112 office|(608)501-9487 mobile


You can see Laurie at our Mortgage Center located at our Alpine Parkway office. 



Home Equity Lines of Credit and Home Equity Loans


Stephanie Wille, Consumer Lender


(608)835-6102 office


You can see Steph at our Main St. office.


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