The Best Mortgage Lenders in Butler, WI
Compare verified mortgage lenders serving Butler, Wisconsin. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Butler
Featured Mortgage Lenders
Landmark Credit Union Mortgage Team
Landmark Credit Union
Landmark Credit Union is one of southeastern Wisconsin's most established and highly-rated mortgage lenders with a strong presence throughout Waukesha County. While headquartered in New Berlin, they actively serve the Butler area with competitive rates and exceptional member service. Their mortgage team specializes in first-time homebuyer programs and offers personalized guidance through the entire lending process. With over 85 years of community banking experience, they provide local underwriting decisions and have earned numerous awards for customer satisfaction and mortgage lending excellence in the Milwaukee metro region.
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Waterstone Mortgage
Waterstone Mortgage Corporation
Waterstone Mortgage is a premier mortgage lender headquartered in the Milwaukee metro area with extensive experience serving Waukesha County communities including Butler. They consistently receive top ratings for their competitive rates, efficient processing, and knowledgeable loan officers. As a direct lender with in-house underwriting, they offer faster closing times and personalized service. Their team specializes in both purchase and refinance transactions with particular expertise in construction loans and jumbo financing. With multiple local branch locations and deep roots in southeastern Wisconsin, they understand the local real estate market dynamics.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage's Brookfield office serves the Butler area with exceptional mortgage services and consistently ranks among the highest-rated lenders in southeastern Wisconsin. Their local team of experienced loan officers provides personalized attention and competitive pricing across all loan types. They excel at streamlining the mortgage process with innovative technology while maintaining the personal touch of local decision-making. Particularly strong in first-time homebuyer programs and VA loans, they've built a reputation for going above-and-beyond for clients. Their extensive experience with Waukesha County properties makes them an excellent choice for Butler home purchases and refinances.
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Frequently Asked Questions
Common questions about mortgage lending in Butler, WI
What are the typical down payment requirements for homes in Butler, WI, given its market?
For most conventional loans in Butler, a 5% down payment is standard, though some lenders may offer 3% programs. Given Butler's median home price, this translates to a manageable upfront cost. It's important to note that if your down payment is less than 20%, you will be required to pay Private Mortgage Insurance (PMI).
Are there any Wisconsin-specific first-time homebuyer programs accessible to Butler residents?
Yes, the Wisconsin Housing and Economic Development Authority (WHEDA) offers several programs, including low fixed-rate mortgages and down payment assistance grants, which are available to eligible buyers in Butler. These programs often have income and purchase price limits, so consulting with a WHEDA-approved lender in the area is crucial to determine your eligibility.
How do property taxes in Butler, WI, impact my monthly mortgage payment and qualification?
Butler is located in Waukesha County, which has property tax rates that are generally higher than the national average. Lenders will include your estimated monthly property tax escrow in your debt-to-income (DTI) ratio calculation, which can affect how much home you qualify for. It's wise to get a precise tax estimate for any home you're considering.
What type of home appraisal challenges are common in Butler's older housing stock?
Butler has many well-maintained but older homes, particularly from the mid-20th century. Appraisals may sometimes come in lower than the offer price if the home lacks certain modern updates or if there are few comparable recent sales. An experienced local lender can help prepare for this by recommending appraisers familiar with the area's unique market.
How does Butler's location in the Milwaukee metro area influence mortgage rates and lender options?
As part of the greater Milwaukee area, Butler residents have access to a wide range of local credit unions, community banks, and national lenders, fostering competitive rates. While national trends set the baseline, shopping among these local institutions can often secure more favorable terms or specialized products for southeastern Wisconsin buyers.
Nearby Cities
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Why Choose a Mortgage Lender in Butler?
Local Market Knowledge
Lenders who understand Butler'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 Butler and get competitive rates on your home loan.