The Best Mortgage Lenders in Cleveland, WI
Compare verified mortgage lenders serving Cleveland, Wisconsin. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Cleveland
Featured Mortgage Lenders
Mortgage Department
Investors Community Bank
Investors Community Bank has built an exceptional reputation throughout Eastern Wisconsin with their personalized mortgage services and deep community involvement. As a locally-owned bank with strong presence in Manitowoc County, they serve Cleveland residents with customized loan solutions and competitive rates. Their mortgage team receives consistent praise for their responsiveness, expertise with rural properties, and ability to guide borrowers through the entire process. They specialize in both purchase and refinance loans with particular strength in construction lending and agricultural property financing.
Loan Types:
Mortgage Center
Associated Bank
Associated Bank maintains a strong regional presence throughout Wisconsin with multiple branches serving the Cleveland area. Their experienced mortgage team offers comprehensive lending solutions with competitive rates and flexible terms. Customers consistently praise their efficient processing, transparent communication, and expertise with both conventional and government-backed loans. With deep roots in Wisconsin communities, they understand the local real estate market and provide personalized service for home purchases, refinancing, and home equity needs.
Loan Types:
Mortgage Services
North Star Home Services
North Star Home Services has earned outstanding reviews as a premier mortgage broker serving Sheboygan County and surrounding areas including Cleveland. They excel at shopping multiple lenders to secure the best rates and terms for their clients. Their team receives consistent praise for their exceptional customer service, thorough communication, and ability to handle complex financing scenarios. Specializing in both residential and investment properties, they offer a wide range of loan products and are particularly skilled with first-time homebuyer programs and construction loans.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Cleveland, WI
What are the typical mortgage rates for homebuyers in Cleveland, WI, and how do they compare to state or national averages?
Mortgage rates in Cleveland, WI, are generally aligned with the national average but can be slightly influenced by local lender competition and property types. As a rural community in Manitowoc County, buyers may find that local community banks or credit unions sometimes offer competitive rates, especially for conventional loans on primary residences. It's always wise to compare offers from both local and national lenders to secure the best rate for your situation.
Are there any down payment assistance or first-time homebuyer programs specifically available for Cleveland, WI, residents?
Yes, Cleveland residents have access to statewide Wisconsin programs like WHEDA (Wisconsin Housing and Economic Development Authority) Advantage and Capital Access loans, which offer competitive rates and down payment assistance for eligible first-time and repeat buyers. Additionally, the Village of Cleveland or Manitowoc County may occasionally offer local grants or affordable housing initiatives, so checking with the Cleveland Village Hall or a local WHEDA-approved lender is recommended.
How does the appraisal process work for a home in a rural area like Cleveland, WI, and what unique challenges might arise?
Appraisals in Cleveland can be more complex due to the rural setting and potential for unique property types, such as homes on larger lots or with agricultural elements. Appraisers must often use "comparable sales" from a wider geographic area, which can sometimes lead to valuation challenges if recent sales are scarce. It's important to work with a lender experienced in rural properties to ensure a smooth appraisal process.
What should I know about property taxes and insurance when getting a mortgage in Cleveland, WI?
Property taxes in Cleveland are determined by the Village and Manitowoc County, and rates are typically moderate compared to urban areas in Wisconsin. Lenders will require escrow for both taxes and homeowners insurance. Given the rural location, insurance may need to account for well and septic systems, and possibly flood insurance if the property is near the Branch River or other waterways, which can affect your total monthly payment.
Are USDA Rural Development loans a viable option for mortgages in Cleveland, WI?
Absolutely. Cleveland's designation as a rural area makes most of the village eligible for USDA Rural Development loans, which offer 100% financing (no down payment) for qualified buyers with moderate incomes. This is a highly attractive program for the area, but income limits and property eligibility apply, so consulting with a USDA-approved lender is crucial to determine if your desired property and household income qualify.
Why Choose a Mortgage Lender in Cleveland?
Local Market Knowledge
Lenders who understand Cleveland'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 Cleveland and get competitive rates on your home loan.