The Best Mortgage Lenders in Downing, WI
Compare verified mortgage lenders serving Downing, Wisconsin. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Downing
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender known for its exceptional customer service and competitive rates. With over 28 years of experience, they specialize in a wide range of loan products and have a strong local presence in western Wisconsin, including Downing. They are highly praised for their efficient processing, personalized guidance, and high customer satisfaction scores, making them a reliable choice for homebuyers in the area.
Loan Types:
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a nationally recognized mortgage lender with a strong regional footprint in Wisconsin, serving Downing and surrounding areas. Founded in 2000, they offer innovative digital tools and competitive rates, backed by 24 years of experience. Customers highlight their transparent process, quick closings, and expert advice, earning them high ratings for reliability and customer service in the mortgage industry.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a highly-rated lender known for its community-focused approach and efficient service in Wisconsin, including Downing. With 16 years of experience, they excel in first-time homebuyer programs and offer a variety of loan options. Their dedication to fast approvals, local support, and competitive pricing has built a strong reputation for customer satisfaction and trust in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Downing, WI
Are there any special mortgage programs for first-time homebuyers in Downing, WI?
Yes, the Wisconsin Housing and Economic Development Authority (WHEDA) offers several programs ideal for first-time buyers in Downing, including low down payment options and competitive fixed-rate loans. These programs often have income and purchase price limits, but they are well-suited for the local market. It's also wise to check with local community banks or credit unions for any additional down payment assistance or special terms they may offer.
How do property taxes in Downing impact my mortgage payment and qualification?
Dunn County, where Downing is located, has property tax rates that are a key component of your total monthly payment (PITI). Lenders will factor these taxes into your debt-to-income ratio during qualification. It's important to get an accurate estimate of the annual tax bill for your prospective home, as this can significantly affect your budget and the loan amount you can afford in this rural market.
What are typical mortgage rates for buyers in a small town like Downing?
Mortgage rates in Downing are generally aligned with national averages, but your specific rate will depend heavily on your credit profile, loan type, and down payment. Working with a local lender who understands the appraisal process for rural properties can be advantageous. For unique properties like acreages or farms common in the area, you may need a specialized loan product which could have a different rate structure.
Are USDA Rural Development loans available for homes in Downing, WI?
Absolutely. Downing is located in an area that is almost certainly eligible for USDA Rural Development loans, which offer 100% financing (no down payment) for qualified buyers and properties. This is one of the most beneficial programs for the area, making homeownership more accessible. Eligibility is based on household income and the property meeting USDA guidelines, which most homes in Downing will.
What should I know about getting a mortgage for a home with acreage or a well/septic system in Downing?
Financing properties with land or private water/septic systems is common here. Lenders will require a satisfactory appraisal that includes specific inspections of the well and septic system. You may need to budget for water quality tests and septic inspections as a condition of the loan. For larger acreages, ensure your loan program has no land acreage limits, or you may need to explore agricultural or rural land loan options.
Why Choose a Mortgage Lender in Downing?
Local Market Knowledge
Lenders who understand Downing'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 Downing and get competitive rates on your home loan.