The Best Mortgage Lenders in Baraboo, WI
Compare verified mortgage lenders serving Baraboo, Wisconsin. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Baraboo
Featured Mortgage Lenders
Waterstone Mortgage
Waterstone Mortgage Corporation
Waterstone Mortgage is a top-rated Wisconsin-based lender known for its exceptional customer service and competitive rates. With over two decades of experience, they specialize in a wide range of loan products and have a strong reputation for streamlining the mortgage process. Their deep community ties and high customer satisfaction scores make them a reliable choice for Baraboo residents seeking personalized, efficient service.
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Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is highly regarded for its customer-centric approach and extensive loan options. With a strong presence in Wisconsin, including service to Baraboo, they are praised for their transparency, low rates, and dedicated support throughout the homebuying process. Their long track record and numerous industry awards highlight their commitment to excellence and client satisfaction.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a reputable national lender with a focus on community engagement and fast, reliable service. They offer competitive rates and a variety of loan programs, supported by a streamlined online application process. Their high customer ratings and efficient closing times make them a popular choice for Baraboo homebuyers, with dedicated local support ensuring a smooth mortgage experience.
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Frequently Asked Questions
Common questions about mortgage lending in Baraboo, WI
Are there any first-time homebuyer programs specific to Baraboo or Sauk County that can help with down payment or closing costs?
Yes, the Wisconsin Housing and Economic Development Authority (WHEDA) offers statewide programs like WHEDA Advantage and WHEDA Easy Close, which are widely used in Baraboo. These programs provide competitive rates, down payment assistance, and allow for lower credit scores. Additionally, local lenders often have knowledge of any city-specific or community development grants that may occasionally become available for income-eligible buyers in the area.
How does Baraboo's proximity to tourist attractions like the Circus World Museum and Devil's Lake State Park affect mortgage lending or property appraisals?
Lenders and appraisers are familiar with the mixed economy of Baraboo, which includes both a stable local community and seasonal tourism. For primary residences in established neighborhoods, appraisals typically follow standard comparisons. However, for unique properties or potential vacation rentals near attractions, lenders may require more detailed appraisals and scrutinize income documentation more closely if you plan to use rental income to qualify.
What are typical property taxes for a home in Baraboo, and how do they impact my mortgage qualification?
Property taxes in Baraboo and Sauk County are a significant factor, with an effective rate typically ranging from 1.8% to 2.2% of a home's assessed value. For a $250,000 home, you can expect annual taxes of roughly $4,500 to $5,500. Lenders will include this estimated monthly tax payment in your debt-to-income ratio calculation, which can affect how much home you qualify for compared to areas with lower tax rates.
Are USDA Rural Development loans a viable option for homes in Baraboo, Wisconsin?
Absolutely. While Baraboo itself is a city, many of the surrounding areas in Sauk County are eligible for USDA Rural Development loans, which offer 100% financing with no down payment. The city limits of Baraboo may have pockets that are USDA-eligible, but typically properties just outside the city center are more likely to qualify. A local mortgage lender can quickly map a specific property's address to confirm its eligibility for this valuable program.
How competitive is the Baraboo housing market, and should I consider getting pre-approved for a mortgage before house hunting?
The Baraboo market can be competitive for well-priced, move-in ready homes, especially in popular family neighborhoods. Getting a full pre-approval (not just a pre-qualification) from a local lender is strongly recommended. This demonstrates to sellers that you are a serious and qualified buyer, which can be crucial in a multiple-offer situation. Local lenders also understand the nuances of appraisals in the area, which can help streamline the closing process.
Nearby Cities
Explore mortgage lenders in cities near Baraboo, WI
Why Choose a Mortgage Lender in Baraboo?
Local Market Knowledge
Lenders who understand Baraboo'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 Baraboo and get competitive rates on your home loan.