The Best Mortgage Lenders in Edgar, WI
Compare verified mortgage lenders serving Edgar, Wisconsin. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Edgar
Featured Mortgage Lenders
Forward Bank
Forward Bank
Forward Bank has deep roots in Edgar and central Wisconsin, operating as a community-focused financial institution with over a century of service. They maintain a physical branch in Edgar and specialize in personalized mortgage solutions for local residents. Their high rating reflects exceptional customer service and deep understanding of rural and small-town Wisconsin real estate markets. As a local bank, they offer competitive rates and work closely with borrowers throughout the entire mortgage process.
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Great Northern Credit Services
Great Northern Credit Services
Serving the greater Wausau area including Edgar, Great Northern Credit Services has built an outstanding reputation for mortgage lending with nearly perfect customer ratings. They specialize in guiding borrowers through the entire home financing process with personalized attention. Their team has extensive experience with rural properties and first-time homebuyer programs specific to Wisconsin. The company is known for responsive communication, competitive rates, and helping clients navigate complex mortgage scenarios.
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CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage maintains a strong local presence in central Wisconsin with a Wausau branch that actively serves Edgar residents. As a nationwide lender with local expertise, they offer a comprehensive range of mortgage products and competitive pricing. Their high rating reflects consistent customer satisfaction and efficient loan processing. The local team has extensive knowledge of Marathon County real estate markets and provides personalized service while leveraging the resources of a major national mortgage company.
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Frequently Asked Questions
Common questions about mortgage lending in Edgar, WI
Are there any special mortgage programs for first-time homebuyers in Edgar, WI?
Yes, the Wisconsin Housing and Economic Development Authority (WHEDA) offers several programs ideal for Edgar homebuyers, including low down payment options and competitive interest rates. Additionally, some local credit unions in Marathon County may offer first-time buyer grants or special loan products with flexible credit requirements to help residents enter the local housing market.
How do property taxes in Edgar, WI, affect my mortgage payments and affordability?
Edgar is located within Marathon County, which has a relatively moderate property tax rate compared to other parts of Wisconsin. Your lender will calculate an escrow payment as part of your monthly mortgage to cover these taxes. It's wise to budget for this, as the annual tax on a typical Edgar home can add a significant amount to your total monthly housing payment.
What is the typical down payment needed for a home in Edgar's market?
While 20% down is standard to avoid private mortgage insurance (PMI), many buyers in Edgar utilize programs like WHEDA or conventional loans with PMI to put down as little as 3-5%. Given the area's affordable home prices compared to national averages, saving for a down payment on a home in Edgar is often more achievable for local buyers.
Are USDA rural development loans available for homes in Edgar, WI?
Yes, Edgar qualifies for USDA Rural Development loans, which offer 100% financing (no down payment) for eligible borrowers. This is a major advantage for homebuyers in the area, as it makes homeownership more accessible. You'll need to meet income eligibility limits and the home must be located within the designated rural area, which includes Edgar.
How does the appraisal process work for a home in a small town like Edgar?
Appraisals in Edgar can be challenging due to fewer comparable home sales ("comps") than in larger cities. An appraiser will look at recent sales in Edgar and similar nearby communities like Marathon or Stratford. It's important to work with a local lender or agent familiar with the area to ensure the appraisal accurately reflects the value of properties in this specific rural market.
Why Choose a Mortgage Lender in Edgar?
Local Market Knowledge
Lenders who understand Edgar'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 Edgar and get competitive rates on your home loan.