The Best Mortgage Lenders in Caledonia, WI
Compare verified mortgage lenders serving Caledonia, Wisconsin. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Caledonia
Featured Mortgage Lenders
David M. Miller
Johnson Bank Mortgage
Johnson Bank has been serving southeastern Wisconsin communities for over 50 years with deep roots in Racine County. As a regional community bank with multiple branches near Caledonia, they offer personalized mortgage services with local decision-making. Their mortgage team receives exceptional ratings for responsive communication, competitive rates, and expertise with first-time homebuyer programs. They're particularly strong with construction loans and conventional mortgages, with loan officers who have decades of experience serving the Caledonia and Racine County market.
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Mike DeRuyter
Associated Bank Mortgage
Associated Bank maintains a strong presence throughout Wisconsin with multiple locations serving the Caledonia area. Their mortgage division consistently receives high marks for competitive rate offerings and efficient loan processing. With specialized programs for Wisconsin homebuyers and extensive experience with both purchase and refinance transactions, they've built a reputation for reliability and local market knowledge. Their digital mortgage platform combined with local branch support makes them a popular choice for Caledonia residents seeking a balance of technology and personal service.
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Sarah Johnson
Waterstone Mortgage
Waterstone Mortgage, headquartered in Pewaukee, Wisconsin, has built an outstanding reputation throughout southeastern Wisconsin with particularly strong presence in Racine County. They consistently receive near-perfect ratings for their exceptional customer service and competitive loan products. As a direct lender with in-house underwriting and funding, they can often provide faster closings than traditional banks. Their loan officers have extensive knowledge of the Caledonia real estate market and offer specialized construction and renovation loan programs that are popular in the area's growing communities.
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Frequently Asked Questions
Common questions about mortgage lending in Caledonia, WI
Are there any special mortgage or down payment assistance programs for first-time homebuyers in Caledonia, WI?
Yes, Caledonia homebuyers can access statewide Wisconsin programs like WHEDA (Wisconsin Housing and Economic Development Authority) Advantage and Capital Access loans, which offer competitive rates and down payment assistance. These programs are particularly valuable in Caledonia's market, where median home prices can be higher than the state average, helping to reduce upfront costs.
How do Caledonia's property taxes impact my mortgage qualification and monthly payment?
Racine County, which includes Caledonia, has property tax rates that are moderately high compared to the national average. Lenders will factor this into your debt-to-income ratio, and your monthly mortgage payment will include an escrow for these taxes. It's crucial to get an accurate tax estimate for your specific property, as rates can vary within the village.
What is a typical down payment percentage needed for a conventional loan on a home in Caledonia?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Caledonia successfully purchase with conventional loans requiring only 3-5% down, especially for first-time buyers. Given the mix of newer subdivisions and established homes, your required down payment will depend heavily on the purchase price and your specific loan program.
Does Caledonia's location in the "Racine-Kenosha Corridor" affect mortgage rates or availability?
Generally, mortgage rates are standardized nationally, but local market health can influence lender appetite. Caledonia's stable, family-oriented community with good access to Milwaukee and Chicago is viewed favorably by lenders, potentially leading to a smooth underwriting process. Local credit unions, like Educators Credit Union, may also offer competitive member rates.
Are there specific considerations for getting a mortgage for a home with well and septic in Caledonia?
Yes, many properties in Caledonia's more rural areas use private wells and septic systems. Lenders will typically require a satisfactory water quality test and a septic system inspection as a condition of the loan. These are important to budget for during the inspection period, as repairing or replacing a failing system can be costly.
Why Choose a Mortgage Lender in Caledonia?
Local Market Knowledge
Lenders who understand Caledonia'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 Caledonia and get competitive rates on your home loan.