The Best Mortgage Lenders in Fredonia, WI
Compare verified mortgage lenders serving Fredonia, Wisconsin. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Fredonia
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender known for its exceptional customer service and competitive rates. With over 27 years in business, they offer a wide range of loan products and have a strong local presence in southeastern Wisconsin, including Fredonia. They are highly praised for their personalized approach, fast closings, and expertise in handling first-time homebuyer and refinance needs. Their commitment to community involvement and high customer satisfaction scores make them a trusted choice.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a leading digital mortgage lender with a robust local presence in the Milwaukee area, serving Fredonia residents efficiently. Founded in 2000, they combine technology with personalized service to offer competitive rates and fast loan approvals. They are renowned for their user-friendly online platform, transparency, and high customer satisfaction. With over two decades of experience, they provide a variety of loan options and have consistently high ratings for their reliability and professional service.
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Caliber Home Loans
Caliber Home Loans, Inc.
Caliber Home Loans has built a strong reputation in Wisconsin for its flexible loan solutions and customer-centric approach. Since its founding in 2008, they have expanded to serve Fredonia and surrounding areas with a focus on competitive rates and efficient processing. They specialize in various loan types, including renovation loans, and are noted for their knowledgeable staff and responsive service. With numerous positive reviews, they are a reliable option for homebuyers seeking tailored mortgage advice and support.
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Frequently Asked Questions
Common questions about mortgage lending in Fredonia, WI
What are typical mortgage rates for homebuyers in Fredonia, WI, and how do they compare to state or national averages?
Mortgage rates in Fredonia are generally competitive with statewide Wisconsin averages, which often run slightly below national rates due to a stable local economy. However, your specific rate will depend heavily on your credit profile and loan type. It's advisable to compare offers from local credit unions, like Port Washington State Bank, as well as regional lenders familiar with Ozaukee County.
Are there any down payment assistance programs specifically for buyers in Fredonia or Ozaukee County?
Yes, the Wisconsin Housing and Economic Development Authority (WHEDA) offers several first-time and repeat homebuyer programs with competitive rates and down payment assistance, which are available statewide, including in Fredonia. Additionally, some local employers or credit unions may have partnerships or special programs, so it's worth inquiring directly with lenders who operate in the area.
How does Fredonia's location in a floodplain or near the Milwaukee River impact the mortgage process?
Due to areas of Fredonia being in or near flood zones, lenders will typically require a flood certification as part of the appraisal. If the property is in a designated Special Flood Hazard Area (SFHA), you will be mandated to purchase flood insurance, which becomes a condition of your mortgage loan and adds to your monthly housing costs.
What should I know about property taxes in Fredonia when calculating my total monthly mortgage payment?
Ozaukee County has some of the highest property tax rates in Wisconsin. When getting pre-approved in Fredonia, lenders will use an estimated tax rate (often around 2.2-2.5% of assessed value) to calculate your escrow payment. It's crucial to get an accurate estimate from the local assessor's office, as this significantly impacts your PITI (Principal, Interest, Taxes, and Insurance) payment.
Are USDA Rural Development loans available for homes in Fredonia, WI?
Yes, Fredonia's population and location make it eligible for USDA Rural Development loans, which offer 100% financing (no down payment). This can be a significant advantage for eligible buyers looking in this area. You should confirm the specific property's eligibility with a lender, as certain neighborhoods or parcels must meet the USDA's rural designation criteria.
Why Choose a Mortgage Lender in Fredonia?
Local Market Knowledge
Lenders who understand Fredonia'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 Fredonia and get competitive rates on your home loan.