The Best Mortgage Lenders in Burlington, WI
Compare verified mortgage lenders serving Burlington, Wisconsin. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Burlington
Featured Mortgage Lenders
Tim Czarnecki
Waterstone Mortgage
Waterstone Mortgage is a highly-rated local mortgage lender with a strong physical presence in Burlington. With over 20 years in business, they have built an exceptional reputation for personalized service and competitive rates. Tim Czarnecki and his team specialize in serving the Burlington community with comprehensive mortgage solutions including first-time homebuyer programs, construction loans, and refinancing. Their local expertise and commitment to customer satisfaction make them a top choice for Burlington area homebuyers.
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Scott Miller
Johnson Bank Mortgage
Johnson Bank has been serving southeastern Wisconsin communities for over 50 years with a dedicated Burlington branch. Their mortgage team offers comprehensive lending services with deep local market knowledge. As a community-focused bank, they provide personalized service and competitive rates with the stability of a well-established financial institution. Their mortgage specialists work closely with Burlington residents on purchase loans, construction financing, and refinance options with local decision-making authority.
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Mike Thompson
Landmark Credit Union Mortgage
Landmark Credit Union maintains a strong Burlington presence with their local branch and mortgage center. As a member-owned financial cooperative, they offer competitive rates and lower fees than many traditional banks. Their mortgage team specializes in first-time homebuyer programs and provides exceptional member service throughout the loan process. With deep roots in southeastern Wisconsin, they understand the local Burlington market and offer flexible underwriting with a personal touch that larger national lenders can't match.
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Frequently Asked Questions
Common questions about mortgage lending in Burlington, WI
Are there any first-time homebuyer programs specifically for Burlington, WI, residents?
Yes, the WHEDA (Wisconsin Housing and Economic Development Authority) Advantage program is widely used in Burlington. It offers competitive interest rates, down payment assistance, and flexible credit guidelines. Additionally, local lenders often have knowledge of Racine County-specific initiatives or grants that can be paired with WHEDA loans to make homeownership more accessible in the Burlington area.
How do property taxes in Burlington, WI, impact my mortgage payments and affordability?
Burlington and Racine County have property tax rates that are a significant component of your monthly escrow payment. While generally lower than some neighboring Illinois counties, taxes can vary within the city limits. It's crucial to get a precise tax estimate for any property you're considering, as this will directly affect your debt-to-income ratio and the overall loan amount you can qualify for with local lenders.
What is the typical down payment needed for a mortgage on a home in Burlington's current market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Burlington successfully purchase with 3-5% down using conventional loans or 3.5% down with an FHA loan. Given the competitive nature of the market for single-family homes, having a stronger down payment can make your offer more attractive, but local lenders can help you explore low-down-payment options that are feasible.
Does Burlington's location in a flood zone affect the mortgage process?
Properties near the Fox River or other waterways may require a flood zone determination. If the home is in a Special Flood Hazard Area, your lender will mandate flood insurance as a condition of the loan, which becomes part of your monthly payment. It's essential to factor this potential additional cost into your budget when looking at properties in specific neighborhoods of Burlington.
Are USDA rural development loans available for homes in Burlington, WI?
Yes, parts of Burlington and the surrounding area are eligible for USDA loans, which offer 100% financing (no down payment). This can be a major advantage for eligible buyers looking at properties on the outskirts of the city. A local mortgage officer can quickly determine a specific property's eligibility using the USDA's online map tool.
Why Choose a Mortgage Lender in Burlington?
Local Market Knowledge
Lenders who understand Burlington'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 Burlington and get competitive rates on your home loan.