The Best Mortgage Lenders in Florence, WI
Compare verified mortgage lenders serving Florence, Wisconsin. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Florence
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender with a strong presence in Wisconsin, serving Florence and surrounding areas. Known for competitive rates and exceptional customer service, they have consistently high ratings from borrowers for their efficient processing and wide range of loan options. Their local Green Bay office ensures personalized support, and their longevity in the industry since 1996 demonstrates reliability and trustworthiness. They specialize in first-time homebuyer programs and offer digital tools for a smooth mortgage experience.
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Movement Mortgage, LLC
Movement Mortgage, LLC
Movement Mortgage is a highly-rated national lender with a significant footprint in Wisconsin, including service to Florence. They are praised for their fast closing times and transparent process, with numerous customer reviews highlighting responsive loan officers and competitive rates. Founded in 2008, they combine innovation with experience, offering a broad array of loan products and a commitment to community engagement. Their Brookfield office provides regional support, making them a reliable choice for borrowers in northern Wisconsin.
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Caliber Home Loans, Inc.
Caliber Home Loans, Inc.
Caliber Home Loans is a reputable mortgage lender serving Florence and the broader Wisconsin area, with a focus on customer satisfaction and flexible loan solutions. They have built a strong reputation for their streamlined application process and knowledgeable staff, supported by high ratings from borrowers. Founded in 2008, they offer a variety of loan types, including government-backed options, and their Wauwatosa office ensures local expertise. Their emphasis on technology and personalized service makes them a top contender for home financing in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Florence, WI
Are there any special mortgage programs for first-time homebuyers in Florence, WI?
Yes, the Wisconsin Housing and Economic Development Authority (WHEDA) offers several programs, including low down payment options and competitive rates, which are accessible to Florence homebuyers. These programs are particularly valuable in Florence's market, where median home prices are relatively affordable compared to state averages, helping buyers overcome initial savings hurdles.
How do property taxes in Florence County impact my monthly mortgage payment?
Florence County has some of the lowest property tax rates in Wisconsin, which positively affects your total monthly mortgage payment by keeping escrow costs down. When applying for a mortgage, lenders will use the county's mill rate (approximately 1.6% to 1.8% of assessed value) to calculate your escrow, making overall homeownership more affordable here than in many other parts of the state.
What are typical mortgage rates offered by local lenders in Florence?
While national rates set the baseline, local lenders like River Valley Bank or Northwoods Credit Union often provide competitive rates and personalized service for Florence residents. Given the rural nature of the area and lower loan amounts compared to urban centers, it's especially important to shop locally, as some lenders may offer relationship discounts or specialized products for rural properties.
Are USDA Rural Development loans a common option for mortgages in Florence, WI?
Absolutely. Since Florence is designated as a rural area by the USDA, many buyers utilize USDA loans, which offer 100% financing with no down payment. This is an extremely popular option here, making homeownership accessible for qualified buyers on Florence's more modest incomes, especially for properties outside the small village center.
How does the seasonal economy and tourism around the Florence area affect mortgage approval?
Lenders may scrutinize income stability more closely if your employment is tied to seasonal tourism (e.g., recreation, hospitality) or logging. It's crucial to demonstrate at least a two-year history in such work. Providing year-round income documentation, even if from multiple seasonal sources, can help secure loan approval in this fluctuating local economy.
Why Choose a Mortgage Lender in Florence?
Local Market Knowledge
Lenders who understand Florence'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 Florence and get competitive rates on your home loan.