The Best Mortgage Lenders in Edgerton, WI
Compare verified mortgage lenders serving Edgerton, Wisconsin. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Edgerton
Featured Mortgage Lenders
Johnson Bank Mortgage Team
Johnson Bank
Johnson Bank has been serving Southern Wisconsin communities for over 50 years with a strong local presence. Their mortgage team receives exceptional ratings for personalized service and competitive rates. They specialize in first-time homebuyer programs and offer comprehensive digital mortgage applications while maintaining local underwriting and decision-making. Their deep community roots in the Rock County area make them particularly knowledgeable about Edgerton's housing market.
Loan Types:
Summit Credit Union Mortgage Services
Summit Credit Union
As one of Wisconsin's largest credit unions, Summit has extensive experience serving the Edgerton area with highly competitive mortgage rates and exceptional member service. They offer special first-time homebuyer programs with low down payment options and provide personalized guidance throughout the entire mortgage process. Their local loan officers understand the unique aspects of the Southern Wisconsin housing market and offer both in-person and digital mortgage services.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corp
Fairway Independent Mortgage consistently ranks among the top mortgage lenders nationally while maintaining strong local expertise through their Madison branch that serves Edgerton. They receive outstanding customer reviews for their responsive communication, competitive rates, and efficient closing processes. Their loan officers have deep knowledge of Wisconsin's mortgage regulations and offer a wide variety of loan products with particularly strong refinance and first-time homebuyer programs.
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Frequently Asked Questions
Common questions about mortgage lending in Edgerton, WI
Are there any down payment assistance programs specifically for homebuyers in Edgerton, WI?
Yes, the Wisconsin Housing and Economic Development Authority (WHEDA) offers several programs, including the WHEDA Advantage and WHEDA Conventional loans, which provide low down payment options and competitive rates for eligible buyers in Edgerton. Additionally, Rock County may have local community development programs; it's advisable to check with the Edgerton City Hall or a local lender for any hyper-local grants or assistance initiatives.
How does Edgerton's property tax rate compare, and how does it affect my mortgage payment?
Edgerton, located in Rock County, has a property tax rate that is generally competitive within the region. For 2023, the combined rate was approximately $25.50 per $1,000 of assessed value. Your lender will calculate an escrow payment for taxes as part of your monthly mortgage, so it's crucial to factor this into your total housing budget when looking at homes in the area.
What are typical mortgage rates offered by local lenders in Edgerton?
Mortgage rates in Edgerton align with national and state averages but can vary between local institutions like Community First Bank, Blackhawk Community Credit Union, and national lenders. As of late 2023, rates for a 30-year fixed mortgage in Wisconsin typically ranged from the high 6% to low 7% APR. Getting quotes from multiple Edgerton-area lenders is the best way to secure a competitive rate.
As a first-time homebuyer in Edgerton, what special loan programs should I explore?
First-time homebuyers in Edgerton should prioritize WHEDA's programs, which often feature below-market interest rates, down payments as low as 3%, and no mandatory mortgage insurance with their Conventional loan. Furthermore, some local credit unions offer "first-time buyer" mortgages with flexible credit guidelines. A consultation with a WHEDA-certified lender in the area is highly recommended.
Does the strong agricultural and industrial base in the Edgerton area influence mortgage lending requirements?
While mortgage underwriting is standardized, lenders in the Edgerton area are familiar with the local economy, including seasonal or variable income common in agriculture and manufacturing. Self-employed individuals or those working at local industries like Seneca Foods or Dollar General's distribution center should be prepared with two years of tax returns and solid documentation to verify their stable income for loan approval.
Why Choose a Mortgage Lender in Edgerton?
Local Market Knowledge
Lenders who understand Edgerton'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 Edgerton and get competitive rates on your home loan.