The Best Mortgage Lenders in Ellsworth, WI
Compare verified mortgage lenders serving Ellsworth, Wisconsin. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Ellsworth
Featured Mortgage Lenders
Waterstone Mortgage
Waterstone Mortgage Corporation
Waterstone Mortgage Corporation is a top-rated lender headquartered in Wisconsin, known for its strong local presence and exceptional customer service. With over two decades of experience, they offer a comprehensive range of loan products, including government-backed and jumbo loans, and are praised for their competitive rates and personalized approach. Their deep roots in the state make them a reliable choice for Ellsworth residents, with many reviews highlighting their efficiency and transparency throughout the mortgage process.
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Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a highly reputable national lender with a robust presence in Wisconsin, serving Ellsworth and surrounding areas. They are celebrated for their fast loan processing, competitive interest rates, and high customer satisfaction scores. With nearly three decades in business, they provide a wide array of mortgage options, including specialized products like reverse mortgages, and have consistently received accolades for their community involvement and dedicated support teams.
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New American Funding
New American Funding
New American Funding is a well-established mortgage lender known for its innovative online platform and strong customer service, with operations extending to Wisconsin communities like Ellsworth. Founded in 2003, they offer diverse loan types, including adjustable-rate mortgages, and are recognized for their efforts in promoting homeownership through educational resources and flexible terms. Their high ratings stem from responsive support and competitive rates, making them a popular choice for borrowers seeking convenience and reliability.
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Frequently Asked Questions
Common questions about mortgage lending in Ellsworth, WI
What are the current mortgage rates like in Ellsworth, WI, and how do they compare to state or national averages?
Mortgage rates in Ellsworth are generally aligned with national averages but can be influenced by local lender competition and property types. As a smaller, rural community, you may find slightly higher rates for certain property types like acreages compared to standard suburban homes, but shopping with local credit unions like Royal Credit Union or banks can yield competitive terms. It's always wise to compare a local lender's offerings with online lenders to ensure you get the best rate for your situation.
Are there any down payment assistance or first-time homebuyer programs specifically available for Ellsworth residents?
Yes, Ellsworth homebuyers can access statewide Wisconsin programs like WHEDA (Wisconsin Housing and Economic Development Authority) loans, which offer competitive rates, low down payments, and down payment assistance for eligible buyers. Additionally, local lenders often have knowledge of community-specific grants or programs, and Pierce County may occasionally offer housing initiatives, so consulting with a local mortgage officer is crucial to explore all available options.
How does appraising a home in Ellsworth differ from a larger city, and what challenges might arise?
Appraisals in Ellsworth can be challenging due to a lower volume of recent, comparable home sales ("comps"), especially for unique properties with land. Appraisers may need to look at sales in nearby towns like Prescott or River Falls, which can affect the valuation. For rural properties with wells and septic systems, additional inspections are required, potentially lengthening the mortgage process compared to urban areas.
What should I know about property taxes and insurance when budgeting for a mortgage in Ellsworth?
Property taxes in Ellsworth and Pierce County are a significant factor in your monthly payment, with rates typically higher than the national average. It's important to get an accurate estimate from the county treasurer. For insurance, if your property is outside the city limits in a rural area, you may face higher homeowners insurance premiums due to distance from fire hydrants and fire stations, which lenders will require you to account for.
Are USDA Rural Development loans a common and viable option for mortgages in the Ellsworth area?
Absolutely. Given Ellsworth's location, many homes in the surrounding areas are eligible for USDA loans, which offer 100% financing (no down payment). This is a highly popular and advantageous program for eligible buyers with moderate incomes looking at properties in designated rural areas. A local lender can quickly determine if a specific property qualifies for this beneficial program.
Nearby Cities
Explore mortgage lenders in cities near Ellsworth, WI
Why Choose a Mortgage Lender in Ellsworth?
Local Market Knowledge
Lenders who understand Ellsworth'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 Ellsworth and get competitive rates on your home loan.