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East Troy, WI

The Best Mortgage Lenders in East Troy, WI

Compare verified mortgage lenders serving East Troy, Wisconsin. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.7
Avg Rating
715+
Reviews
10
Loan Types

Available Loan Programs in East Troy

Conventional
FHA
VA
USDA
Jumbo
Refinance
Construction
ARM
First-Time Homebuyer
Renovation

Featured Mortgage Lenders

1

Waterstone Mortgage

Waterstone Mortgage Corporation

★★★★☆
4.7/5

Waterstone Mortgage is a highly-rated regional lender headquartered in Pewaukee, Wisconsin, with a strong presence in Southeast Wisconsin, including East Troy. Founded in 2000, they have built an excellent reputation for competitive rates, personalized service, and a wide range of loan products. With hundreds of positive reviews highlighting their responsive communication and efficient processing, they are a top choice for homebuyers in Walworth County and surrounding areas. Their local expertise and commitment to community lending make them a trusted partner for mortgages.

Experience:24 years
Reviews:245 customer reviews
2100 Waterstone Blvd, Pewaukee, WI 53072

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceConstruction
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2

Guaranteed Rate

Guaranteed Rate, Inc.

★★★★☆
4.8/5

Guaranteed Rate is a nationally recognized mortgage lender with a strong local office in Brookfield, serving clients in East Troy and throughout Southeastern Wisconsin. Known for their innovative digital platform and competitive rates, they have consistently high customer satisfaction ratings. With over two decades of experience, they offer a comprehensive suite of loan options and are praised for their transparency, speed, and expert guidance. Their extensive review base and A+ BBB accreditation reflect their reliability and excellent service.

Experience:24 years
Reviews:350 customer reviews
17500 W Capitol Dr, Brookfield, WI 53045

Loan Types:

ConventionalFHAVAJumboARMRefinanceFirst-Time Homebuyer
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3

Fairway Independent Mortgage

Fairway Independent Mortgage Corporation

★★★★☆
4.6/5

Fairway Independent Mortgage has a robust presence in Wisconsin with multiple branches, including Milwaukee, and actively serves the East Troy area. Founded in 1996, they are renowned for their competitive pricing, exceptional customer service, and community involvement. They receive high marks for their knowledgeable loan officers and streamlined process, making home financing accessible and stress-free. With a focus on building long-term relationships and a wide array of loan products, they are a top contender for mortgages in the region.

Experience:28 years
Reviews:120 customer reviews
2500 N Mayfair Rd, Milwaukee, WI 53226

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceRenovation
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Frequently Asked Questions

Common questions about mortgage lending in East Troy, WI

Are there any special mortgage programs for first-time homebuyers in East Troy, WI?

Yes, the Wisconsin Housing and Economic Development Authority (WHEDA) offers several first-time homebuyer programs with competitive rates and down payment assistance, which are widely used in East Troy. Additionally, some local lenders may offer portfolio loans or grants specific to Walworth County. It's advisable to consult with a local mortgage broker familiar with these state and county-specific opportunities.

How do property taxes in Walworth County and the Village of East Troy affect my mortgage payments?

Walworth County property taxes are a significant component of your monthly escrow payment. East Troy's 2023 mill rate was approximately $22.74 per $1,000 of assessed value, which is competitive within the region. Your lender will calculate these taxes into your monthly payment, and it's wise to budget for potential annual increases, especially as home values in the area continue to rise.

What is the typical down payment needed for a home in East Troy's market?

While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in East Troy successfully purchase homes with 3%, 5%, or 10% down using conventional, FHA, or WHEDA loans. Given the median home sale price, a down payment of $15,000 to $40,000 is common. Local lenders can advise on the best structure for your budget and the competitive market.

Does East Troy's location in a rural area affect mortgage loan options or requirements?

East Troy's designation as a rural area by USDA standards can be an advantage. Buyers may qualify for a USDA Section 502 loan, which offers 100% financing (no down payment) for eligible properties and borrowers within specific income limits. This is a popular option for purchasing homes on the more rural outskirts of the village.

How do seasonal fluctuations in East Troy's real estate market impact the mortgage process?

The market is most active in spring and summer, leading to more competition and potentially quicker closing timelines demanded by sellers. In the quieter fall and winter months, you may have more negotiation power. Regardless of the season, getting pre-approved with a local lender is crucial to demonstrate you are a serious and qualified buyer in this market.

Mortgage Insights

Finding Your Perfect Home Loan Partner in East Troy

Searching for "house lenders near me" in East Troy, Wisconsin, is about more than just finding the nearest office. It’s about connecting with a financial partner who understands the unique character of our local market and can guide you through the exciting journey of buying a home here. Whether you’re drawn to the charm of a historic downtown property, the serenity of a home near the Alpine Valley Resort, or a modern build in a new subdivision, your choice of lender can make all the difference.

East Troy’s housing market presents a wonderful mix of classic Wisconsin homes, rural acreage, and newer developments. A local lender with their finger on the pulse will understand how factors like a home’s proximity to the East Troy Electric Railroad or the Walworth County Fairgrounds can influence value. They can provide realistic appraisals and financing options that reflect true local conditions, not just statewide averages. This hyper-local expertise is invaluable when making one of the biggest financial decisions of your life.

When evaluating lenders, don’t just compare interest rates online. Take the time to meet with a few local mortgage brokers or loan officers from community banks and credit unions. Ask them specific questions: What are you seeing with home inspections in East Troy’s older housing stock? How do you handle properties with wells and septic systems, common in the surrounding townships? Their answers will reveal their depth of local experience. A great local lender will also be a resource, often recommending reputable home inspectors, title companies, and real estate attorneys who are familiar with Walworth County processes.

Wisconsin offers several fantastic programs that a knowledgeable local lender can help you navigate. The WHEDA (Wisconsin Housing and Economic Development Authority) program is a standout, offering competitive rates, down payment assistance, and education for first-time and repeat homebuyers. There are also specific programs for veterans, public servants, and buyers in targeted areas. A lender based in Southeastern Wisconsin will be well-versed in these opportunities and can determine if you qualify, potentially saving you thousands.

Your actionable first step? Start with referrals. Ask your East Troy real estate agent, friends, or colleagues who have recently purchased locally for their lender recommendations. Then, schedule brief consultations. Come prepared with questions about both the loan process and their experience with East Troy closings. Choose the professional who not only offers a competitive rate but also demonstrates a clear understanding of our community and a commitment to clear, consistent communication. By partnering with the right local lending expert, you’ll secure more than just a loan—you’ll gain a trusted advisor for your East Troy home purchase.

Nearby Cities

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Why Choose a Mortgage Lender in East Troy?

Local Market Knowledge

Lenders who understand East Troy'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 East Troy and get competitive rates on your home loan.