The Best Mortgage Lenders in Grafton, WI
Compare verified mortgage lenders serving Grafton, Wisconsin. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Grafton
Featured Mortgage Lenders
Landmark Credit Union Mortgage Services
Landmark Credit Union
Landmark Credit Union stands out as one of the highest-rated mortgage lenders serving Grafton directly, with their local branch providing personalized mortgage services. They maintain exceptional 4.8-star ratings across multiple platforms for their competitive rates, transparent process, and exceptional customer service. As a member-owned financial institution, they offer lower fees and more flexible underwriting than many national banks, with mortgage specialists who guide borrowers through the entire process. Their strong community presence and commitment to local homebuyers makes them a top choice for Grafton residents seeking conventional loans, government-backed programs, or specialized mortgage products.
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Waterstone Mortgage
Waterstone Mortgage Corporation
Waterstone Mortgage has built an outstanding reputation throughout southeastern Wisconsin, including strong service in Grafton and Ozaukee County. With a 4.7-star rating from hundreds of verified reviews, they're praised for their efficient processing, competitive rates, and knowledgeable loan officers. As a direct lender headquartered in Pewaukee, they offer the advantage of local decision-making combined with extensive lending capabilities. Their team specializes in both purchase and refinance transactions, with particular expertise in jumbo loans and construction financing. Customers consistently highlight their responsive communication and ability to close loans on time.
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Associated Bank Mortgage
Associated Bank, N.A.
Associated Bank maintains a strong regional presence with multiple branches serving the Grafton area, including their nearby Saukville location. With over three decades of mortgage lending experience and a 4.6-star rating, they offer comprehensive mortgage solutions backed by the stability of a regional banking institution. Their mortgage specialists receive high marks for personalized service and expertise in various loan programs, particularly VA loans and first-time homebuyer programs. As a bank with deep Wisconsin roots, they understand local market conditions and provide competitive rate options with the convenience of local underwriting and decision-making.
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Frequently Asked Questions
Common questions about mortgage lending in Grafton, WI
Are there any local down payment assistance programs specifically for Grafton, WI homebuyers?
Yes, the Wisconsin Housing and Economic Development Authority (WHEDA) offers statewide programs, but Grafton homebuyers should also explore the Ozaukee County Housing Authority. They occasionally administer local grants or affordable housing initiatives for income-eligible buyers in the county, which can be layered with WHEDA loans to help with down payments and closing costs in Grafton's competitive market.
How do Grafton's property taxes impact my mortgage qualification and monthly payment?
Ozaukee County has some of the highest property tax rates in Wisconsin, which significantly affects your debt-to-income ratio and monthly escrow payment. When getting pre-approved in Grafton, lenders will use the specific tax mill rate for your property's village/township and school district. It's crucial to budget for this, as taxes can add several hundred dollars to your monthly mortgage payment compared to other regions.
What is a typical down payment percentage needed for a home in Grafton's current market?
Given Grafton's desirable school district and steady demand, competitive offers often include down payments of 10-20%. While some conventional loans allow as low as 3%, a stronger down payment strengthens your offer in a multiple-bid situation common here. For the median Grafton home price, local lenders recommend aiming for at least 10% to improve loan terms and offer competitiveness.
Are there specific mortgage considerations for buying a historic home in Grafton's older neighborhoods?
Yes, purchasing a historic home near downtown Grafton or in established neighborhoods may require a specialized appraisal and a thorough inspection for older electrical, plumbing, and foundations. Some lenders may have stricter requirements on the condition of the property. It's advisable to work with a local mortgage broker familiar with Grafton's historic properties and to explore renovation loans like the FHA 203(k) if updates are needed.
How do interest rates for mortgages in Grafton compare to the national or state average?
Mortgage rates in Grafton are primarily set by national markets and your personal credit profile, not your zip code. However, working with a local credit union, like Landmark Credit Union which has a strong presence in Ozaukee County, can sometimes offer competitive member rates or relationship discounts. Always compare offers from a local lender familiar with the market against larger national banks.
Nearby Cities
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Why Choose a Mortgage Lender in Grafton?
Local Market Knowledge
Lenders who understand Grafton'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 Grafton and get competitive rates on your home loan.