The Best Mortgage Lenders in Hammond, WI
Compare verified mortgage lenders serving Hammond, Wisconsin. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hammond
Featured Mortgage Lenders
Royal Credit Union Mortgage Team
Royal Credit Union
Royal Credit Union stands out as one of western Wisconsin's most trusted mortgage lenders with exceptional customer satisfaction ratings. As a member-owned financial cooperative, they offer highly competitive rates and personalized service for Hammond area homebuyers. Their mortgage team specializes in first-time homebuyer programs and offers flexible underwriting with local decision-making. With multiple branches throughout the region and deep community involvement, RCU provides the combination of digital convenience and local expertise that makes them a top choice for St. Croix County residents.
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Affinity Plus Mortgage Center
Affinity Plus Federal Credit Union
Affinity Plus Federal Credit Union has built an outstanding reputation for mortgage lending throughout western Wisconsin and the Twin Cities metro area. While based in Minnesota, they actively serve Hammond and St. Croix County with competitive rates and exceptional member service. Their mortgage specialists are known for guiding borrowers through the entire process with transparency and expertise. The credit union offers special first-time homebuyer programs with low down payment options and provides digital mortgage tools alongside personalized local service, making them a preferred choice for Wisconsin homebuyers seeking quality financing.
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Waterstone Mortgage Corporation
Waterstone Mortgage
Waterstone Mortgage is a Wisconsin-based premier mortgage lender with a strong statewide presence and exceptional service reputation. As a direct lender with in-house underwriting and funding, they offer streamlined processing and competitive rates for Hammond area borrowers. Their experienced loan officers specialize in both purchase and refinance transactions with particular expertise in construction loans and jumbo financing. With deep roots in Wisconsin communities and consistently high customer satisfaction ratings, Waterstone provides the local expertise and national capabilities that make them a top regional mortgage provider serving St. Croix County.
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Frequently Asked Questions
Common questions about mortgage lending in Hammond, WI
What are the typical down payment requirements for buying a home in Hammond, WI, given its rural setting?
For most conventional loans in Hammond, a 20% down payment is standard to avoid private mortgage insurance (PMI). However, due to the area's rural designation, many buyers may qualify for USDA loans, which offer 0% down payment options for eligible properties and borrowers within income limits. FHA loans with 3.5% down are also common for first-time buyers.
Are there any local or county-specific first-time homebuyer assistance programs available in St. Croix County?
Yes, the St. Croix Valley Housing Initiative (SCVHI), in partnership with the Wisconsin Housing and Economic Development Authority (WHEDA), offers down payment and closing cost assistance grants to eligible first-time buyers in St. Croix County, including Hammond. These programs often have income limits and require homebuyer education.
How do property types common in Hammond, like homes on larger lots or with wells and septic systems, affect the mortgage process?
Lenders will require specific inspections for properties with private wells and septic systems to ensure they meet state and local health codes, which can add time and cost to the closing process. Appraisals for homes on larger, non-standard lots may also require appraisers with rural expertise, which is readily available from local lenders familiar with the area.
Is it difficult to get a mortgage for a manufactured home in Hammond, WI?
Financing for manufactured homes can be more complex but is available. The key is that the home must be permanently affixed to a foundation and classified as real property. Local lenders and credit unions with experience in the Hammond area are often the best sources for these loans, including possible options through WHEDA or FHA Title I programs.
How do property tax rates in Hammond and St. Croix County impact my mortgage payment and qualification?
St. Croix County has property tax rates that are competitive within Wisconsin but are a significant factor in your total monthly payment. Lenders will use the specific tax mill rate for the property's tax jurisdiction when calculating your debt-to-income ratio. It's important to get an accurate tax estimate, as taxes on a similar-valued home can vary between Hammond village and the surrounding township.
Why Choose a Mortgage Lender in Hammond?
Local Market Knowledge
Lenders who understand Hammond'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 Hammond and get competitive rates on your home loan.