The Best Mortgage Lenders in Evansville, WI
Compare verified mortgage lenders serving Evansville, Wisconsin. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Evansville
Featured Mortgage Lenders
Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a highly reputable lender with a strong presence in southern Wisconsin, serving Evansville and surrounding areas. Known for their competitive rates, exceptional customer service, and efficient loan processing, they have consistently high ratings for their personalized approach and wide range of mortgage products. Their local Janesville branch ensures easy access for Evansville residents, and they are praised for their transparency and support throughout the home buying process.
Loan Types:
New American Funding
New American Funding
New American Funding is a top-rated mortgage lender with a significant regional presence in Wisconsin, including service to Evansville. They excel in offering diverse loan options and are recognized for their community involvement and responsive customer care. With a focus on inclusivity and flexibility, they provide tailored solutions for first-time homebuyers and refinancing, backed by strong customer satisfaction reviews and a commitment to competitive pricing.
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Caliber Home Loans
Caliber Home Loans Inc.
Caliber Home Loans is a well-established mortgage lender serving the Evansville area through their Madison office, known for a streamlined application process and competitive rates. They offer a comprehensive suite of loan products and are highly rated for their customer-centric approach, including dedicated support for various mortgage needs. Their reputation for reliability and efficiency makes them a trusted choice for homebuyers in southern Wisconsin.
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Frequently Asked Questions
Common questions about mortgage lending in Evansville, WI
Are there any special down payment assistance programs for first-time homebuyers in Evansville, WI?
Yes, the Wisconsin Housing and Economic Development Authority (WHEDA) offers several programs, including the WHEDA Advantage and WHEDA Conventional loans, which provide competitive rates and down payment assistance for eligible buyers in Evansville. Additionally, local credit unions like Summit Credit Union often have community-specific programs or grants for first-time buyers in the Rock County area.
How do property taxes in Evansville, WI, impact my monthly mortgage payment?
Evansville is located in Rock County, which has a relatively moderate property tax rate compared to other parts of Wisconsin. For 2023, the effective property tax rate in Evansville is approximately 1.8-2.0% of assessed value. Your lender will factor this into your escrow account, directly increasing your monthly payment, so it's crucial to budget for this when determining how much house you can afford.
What are typical mortgage rates offered by local lenders in Evansville?
Mortgage rates in Evansville are influenced by national trends but can vary between local institutions. Community banks like Bank of Evansville or Blackhawk Community Credit Union often offer competitive, personalized rates. As of late 2023, rates for a 30-year fixed mortgage in the area typically range from 6.5% to 7.5%, but it's essential to get quotes from multiple local and national lenders for the best deal.
Does Evansville's growth and proximity to Madison and Janesville affect mortgage lending requirements?
Evansville's stable, small-town market with easy commuting access means lenders view it as a low-risk area, which can sometimes mean more flexible lending criteria compared to more volatile markets. However, because it's in a growing corridor, appraisals are critical to ensure the home's value aligns with the sale price, especially for older historic homes in the downtown area versus newer constructions on the outskirts.
Are there specific mortgage considerations for buying a historic home in Evansville's downtown district?
Yes, purchasing a historic home in Evansville's designated districts may require a specialized appraisal and potentially a different inspection process to account for older systems (like wiring or plumbing). Some lenders might have stricter requirements for these properties, and you should inquire about renovation loans (like the FHA 203k) if updates are needed, as preserving historical integrity can affect repair costs and financing.
Why Choose a Mortgage Lender in Evansville?
Local Market Knowledge
Lenders who understand Evansville'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 Evansville and get competitive rates on your home loan.