The Best Mortgage Lenders in Arlington, WI
Compare verified mortgage lenders serving Arlington, Wisconsin. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Arlington
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a highly-rated national mortgage lender with a robust local presence in Madison, directly serving the Arlington area. They are renowned for competitive interest rates, streamlined digital processes, and exceptional customer service. With over two decades of experience, they offer a wide array of loan products and have consistently high customer satisfaction scores, making them a top choice for homebuyers in Columbia County.
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Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-performing lender with deep roots in Wisconsin, including service to Arlington. They excel in personalized, local support and offer competitive rates across various loan types. Their experienced team is known for guiding clients through the mortgage process with transparency and efficiency, backed by strong community involvement and high customer approval ratings.
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Waterstone Mortgage
Waterstone Mortgage Corporation
Waterstone Mortgage, founded and headquartered in Wisconsin, has a strong regional presence that extends to Arlington and surrounding areas. They are praised for their reliable service, flexible loan options, and deep understanding of the local market. With a focus on community-centric lending and high customer satisfaction, they provide tailored solutions for homebuyers, supported by decades of industry expertise.
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Frequently Asked Questions
Common questions about mortgage lending in Arlington, WI
Are there any special mortgage programs for first-time homebuyers in Arlington, WI?
Yes, the Wisconsin Housing and Economic Development Authority (WHEDA) offers several programs ideal for Arlington buyers, including low down payment options and competitive fixed rates. Additionally, some local lenders in the Dane County area may offer special grants or assistance programs for first-time buyers purchasing in smaller communities like Arlington, which can help with closing costs.
How do property taxes in the Village of Arlington affect my mortgage payment and qualification?
Arlington is located in Columbia County, which generally has moderate property tax rates compared to other parts of Wisconsin. Your lender will use the specific tax rate for the property's tax district when calculating your escrow payment, which is part of your total monthly mortgage payment. It's wise to get a precise tax estimate, as rates can vary slightly even within the village, impacting your debt-to-income ratio.
What is the typical down payment needed for a home in Arlington's market?
While 20% down is standard to avoid private mortgage insurance (PMI), many buyers in Arlington utilize conventional loans with 3-5% down or FHA loans with 3.5% down, especially given the area's relatively affordable home prices. For a typical single-family home in Arlington, this can mean a down payment in the range of $10,000 to $25,000, making homeownership accessible.
Does Arlington's rural location near Madison affect mortgage lender options or rates?
Not negatively. While Arlington is a small village, its proximity to Madison means buyers have access to a wide network of regional and national lenders who are familiar with the area. Rates are typically consistent with broader south-central Wisconsin averages. You can easily work with lenders based in Madison, Sun Prairie, or Columbus, often with the convenience of remote processing.
Are there specific considerations for getting a mortgage on agricultural or larger-acreage properties in Arlington?
Yes, this is a key local consideration. If the property is over 10 acres or has agricultural income potential, many standard mortgage programs have restrictions. You may need to seek a rural development loan (like a USDA loan, though Arlington's location may affect eligibility) or a specialized portfolio loan from a local bank familiar with Columbia County's semi-rural properties. Be prepared for a more detailed appraisal.
Why Choose a Mortgage Lender in Arlington?
Local Market Knowledge
Lenders who understand Arlington's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Wisconsin.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Arlington and get competitive rates on your home loan.