The Best Mortgage Lenders in Cambridge, WI
Compare verified mortgage lenders serving Cambridge, Wisconsin. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Cambridge
Featured Mortgage Lenders
Summit Credit Union Mortgage Team
Summit Credit Union
Summit Credit Union stands as one of southern Wisconsin's most highly-rated mortgage lenders with a strong presence throughout Dane County and the Cambridge area. With exceptional customer satisfaction ratings and deep community roots, they offer personalized service through local mortgage specialists who understand the Wisconsin housing market. Their comprehensive loan programs include specialized first-time homebuyer assistance and competitive construction lending options, backed by their not-for-profit structure that often results in lower fees and better rates for members.
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Johnson Financial Group Mortgage Division
Johnson Financial Group
Johnson Financial Group brings decades of Wisconsin banking expertise to the Cambridge market with a reputation for exceptional mortgage service and local decision-making. As a Wisconsin-based financial institution with strong ties throughout the southern part of the state, they offer the advantage of working with lenders who understand regional market conditions. Their construction-to-permanent loan programs are particularly well-regarded, and they maintain consistently high customer satisfaction ratings for both purchase and refinance transactions across their service area.
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Waterstone Mortgage Corporation
Waterstone Mortgage
Waterstone Mortgage has built an outstanding reputation across Wisconsin as a top-performing mortgage lender with extensive experience serving communities throughout the state, including Cambridge. Founded and headquartered in Wisconsin, they combine local market knowledge with national lending capabilities, offering competitive rates and exceptional customer service. Their streamlined digital mortgage process receives particularly high marks from customers, while their wide range of loan products ensures they can meet diverse borrower needs from first-time homebuyers to experienced investors.
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Frequently Asked Questions
Common questions about mortgage lending in Cambridge, WI
Are there any first-time homebuyer programs specific to Cambridge, WI that can help with down payment or closing costs?
Yes, the Wisconsin Housing and Economic Development Authority (WHEDA) offers statewide programs, including down payment assistance, that are widely used in Cambridge. Additionally, some local lenders in the Jefferson County area may offer special grants or community programs. It's advisable to consult with a local mortgage broker who is familiar with both WHEDA guidelines and any Cambridge-specific incentives for first-time buyers.
How do property taxes in Cambridge, WI impact my mortgage payments and affordability?
Cambridge is located within the Cambridge School District and Jefferson County, which have property tax rates that are generally competitive within the region. Your lender will roll estimated property taxes into your monthly escrow payment, so it's crucial to factor this into your budget. Jefferson County's stable tax base often results in predictable annual adjustments, but you should request a tax estimate from your realtor for the specific property.
What are typical mortgage rates offered by local lenders in Cambridge compared to national online lenders?
Mortgage rates in Cambridge are influenced by national trends but can vary slightly between local community banks, credit unions, and larger regional lenders. Local institutions like Cambridge State Bank or Heartland Credit Union may offer personalized service and sometimes competitive relationship-based discounts. It's wise to get quotes from both local and national lenders to find the best combination of rate, fees, and service for your Cambridge home purchase.
Does Cambridge's location in a rural area affect the type of loans available, like USDA loans?
Yes, Cambridge's setting in Jefferson County means many properties outside the village limits may qualify for USDA Rural Development loans, which offer 100% financing with no down payment. Even properties within the village may be eligible depending on specific maps. This is a significant advantage for eligible buyers looking in the Cambridge area, making homeownership more accessible.
How does the appraisal process work for a home in Cambridge, given its mix of historic and newer properties?
Appraisals in Cambridge require an appraiser familiar with the local market dynamics, including the value of homes near Lake Ripley, the historic downtown, and newer subdivisions. Comparable sales ("comps") will be drawn from Cambridge and nearby communities like Jefferson and Lake Mills. Unique or historic properties may require an appraiser with specific expertise to ensure an accurate valuation that satisfies lender requirements.
Nearby Cities
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Why Choose a Mortgage Lender in Cambridge?
Local Market Knowledge
Lenders who understand Cambridge'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 Cambridge and get competitive rates on your home loan.