The Best Mortgage Lenders in Fontana, WI
Compare verified mortgage lenders serving Fontana, Wisconsin. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Fontana
Featured Mortgage Lenders
ABC Supply Cooperative Credit Union
ABC Supply Cooperative Credit Union
ABC Supply Cooperative Credit Union is one of southeastern Wisconsin's most trusted mortgage lenders with deep roots in the region. Serving Walworth County and surrounding areas including Fontana, they offer personalized service through local loan officers who understand the unique Wisconsin housing market. With exceptional customer satisfaction ratings and competitive rates, they provide comprehensive mortgage solutions with the flexibility of a credit union. Their long-standing community presence and member-focused approach make them a top choice for Fontana homebuyers seeking reliable, local mortgage expertise.
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First Citizens Bank
First Citizens Bank
First Citizens Bank has been serving Walworth County communities including Fontana for over a century, building a reputation for exceptional local service and mortgage expertise. As a community bank with deep Wisconsin roots, they offer personalized attention and local decision-making that larger institutions can't match. Their mortgage team specializes in Geneva Lake area properties and understands the unique needs of Fontana homebuyers. With competitive rates and a wide range of loan products, they provide the stability of a long-established financial institution combined with genuine local knowledge.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation's Elkhorn branch serves the Fontana area with exceptional mortgage services and consistently high customer satisfaction ratings. As one of the nation's top mortgage lenders with strong local presence, they combine national resources with personalized local service. Their experienced loan officers specialize in Wisconsin's unique housing market, particularly the Geneva Lake region. Known for competitive rates, efficient processing, and outstanding customer service, they've built a reputation for making the mortgage process smooth and transparent for Fontana homebuyers and refinancers alike.
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Frequently Asked Questions
Common questions about mortgage lending in Fontana, WI
What are typical down payment requirements for homes in Fontana, WI, given its lakeside property market?
For Fontana's desirable lake-access and waterfront properties, lenders often require a higher down payment, typically 20% or more, due to the higher loan amounts and perceived risk. For standard single-family homes away from the lake, you may still qualify for conventional loans with as little as 3% down or FHA loans with 3.5% down, depending on your credit and the specific property appraisal.
Are there specific mortgage programs or grants for first-time homebuyers in Walworth County that I can use in Fontana?
Yes, the Wisconsin Housing and Economic Development Authority (WHEDA) offers several first-time homebuyer programs with competitive rates, down payment assistance, and favorable terms, which are fully accessible in Fontana. Additionally, some local credit unions in Walworth County may offer special first-time buyer programs or grants aimed at helping residents purchase in the area.
How does Fontana's seasonal tourism economy affect mortgage approval for local service industry workers?
Lenders may scrutinize income stability more closely if you work in seasonal tourism. You'll typically need to provide a two-year history of employment in the industry and may need to demonstrate consistent year-round income or have significant reserves. Using tax returns that show your annual income, rather than just recent pay stubs from the peak season, is crucial for underwriting.
What should I know about property taxes and insurance when calculating my mortgage payment in Fontana?
Property taxes in Fontana and Walworth County are a significant component of your monthly escrow payment. Taxes can vary based on proximity to Lake Geneva and property value. Furthermore, due to the lake location, you may need additional flood insurance if the property is in a designated zone, which your lender will require and will be included in your monthly mortgage payment calculation.
Are jumbo loans common in Fontana, and what are the requirements for them?
Yes, jumbo loans are frequently used in Fontana for high-value lakefront and luxury properties that exceed the conforming loan limits ($$766,550 for 2024 in Walworth County). Requirements are stricter, often needing excellent credit (FICO scores of 720+), a down payment of 20-30%, lower debt-to-income ratios, and significant cash reserves after closing.
Why Choose a Mortgage Lender in Fontana?
Local Market Knowledge
Lenders who understand Fontana'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 Fontana and get competitive rates on your home loan.