The Best Mortgage Lenders in Gordon, WI
Compare verified mortgage lenders serving Gordon, Wisconsin. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Gordon
Featured Mortgage Lenders
Bay Lakes Credit Union Mortgage Department
Bay Lakes Credit Union
Bay Lakes Credit Union is a highly-rated Wisconsin-based financial institution with strong community presence throughout northeastern Wisconsin, including service to Gordon area residents. As a member-owned cooperative, they offer personalized mortgage services with competitive rates and local decision-making. Their mortgage team provides comprehensive guidance through the entire home financing process, with special expertise in rural properties and first-time homebuyer programs. With over 85 years of service to Wisconsin communities, they have established exceptional trust and customer satisfaction ratings.
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North Shore Bank Mortgage Services
North Shore Bank
North Shore Bank has been serving Wisconsin communities for nearly a century with a strong reputation for mortgage lending excellence. They maintain a significant presence throughout Wisconsin, including the Gordon area, with dedicated mortgage specialists who provide local expertise. The bank is particularly noted for their construction lending programs and flexible financing options suitable for rural properties. Their high customer satisfaction ratings reflect consistent service quality, competitive rates, and a commitment to making the mortgage process straightforward and transparent.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a nationally recognized mortgage lender with a strong local presence in northwestern Wisconsin, including dedicated service to the Gordon area. They consistently receive top ratings for customer service and have won multiple industry awards for lending excellence. Their local mortgage experts provide personalized guidance through every step of the home financing process, with particular strength in rural property financing and government-backed loans. The company's efficient processing and competitive rate offerings make them a preferred choice for homebuyers throughout the region.
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Frequently Asked Questions
Common questions about mortgage lending in Gordon, WI
Are there any down payment assistance programs specifically for homebuyers in Gordon, WI?
Yes, the Wisconsin Housing and Economic Development Authority (WHEDA) offers statewide programs like the WHEDA Advantage and WHEDA Easy Close, which are accessible to Gordon buyers. These programs provide competitive rates, low down payments, and may offer down payment assistance in the form of a low-interest second mortgage. Additionally, Douglas County or local lenders may have information on specific community-based grants or loans for rural home purchases.
How does Gordon's rural location and seasonal economy affect mortgage qualification and property appraisal?
Lenders may scrutinize stable, year-round income more closely if your employment is in seasonal industries like tourism or logging. For appraisals, finding comparable properties ("comps") can be challenging due to Gordon's low population density and unique properties, which can sometimes lead to appraisal gaps. It's wise to work with a lender experienced in rural Wisconsin markets who understands these nuances.
What are typical property taxes in Gordon, and how do they impact my mortgage payment?
Property taxes in Gordon and surrounding Douglas County are generally moderate for Wisconsin. The 2023 effective tax rate for the county was approximately 1.5% of assessed value. Your lender will collect funds for property taxes in your monthly escrow payment, so it's a significant component of your total monthly mortgage cost. You can get an accurate estimate from the Douglas County Treasurer's office for a specific property.
Are USDA Rural Development loans a common and good option for buying a home in Gordon?
Absolutely. Given Gordon's designation as a rural area, USDA loans are an extremely popular and advantageous option here. They offer 100% financing (no down payment), competitive interest rates, and more flexible credit guidelines. Most properties in and around Gordon will qualify for this program, making homeownership more accessible for low-to-moderate income buyers.
What local lenders or credit unions in the Gordon area are known for expertise in mortgages for lake properties or large land parcels?
For financing unique properties common in the Gordon area—like cabins on Lake St. Croix or homes on several acres—local institutions like Superior Choice Credit Union or Bank of the West in nearby Superior have deep experience. They understand the specific appraisal, insurance, and septic/well requirements for these types of properties, which can streamline the lending process compared to a national online lender.
Why Choose a Mortgage Lender in Gordon?
Local Market Knowledge
Lenders who understand Gordon'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 Gordon and get competitive rates on your home loan.