The Best Mortgage Lenders in Highland, WI
Compare verified mortgage lenders serving Highland, Wisconsin. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Highland
Featured Mortgage Lenders
Justin Haines
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is one of Wisconsin's most highly-rated mortgage lenders with a strong presence throughout the state. Justin Haines' Madison-based team consistently receives exceptional reviews for their personalized service, competitive rates, and expertise in rural Wisconsin properties. They specialize in serving clients across Iowa County and surrounding areas, with particular expertise in USDA loans which are ideal for Highland's rural character. Their 24/7 online application process and local underwriting make them a top choice for homeowners in smaller communities.
Loan Types:
Chris Kringle
Royal Credit Union
Royal Credit Union has built an outstanding reputation across western Wisconsin for mortgage lending, particularly in rural communities like Highland. As a member-owned financial cooperative, they offer highly competitive rates and personalized service that national banks can't match. Their mortgage specialists have extensive experience with USDA rural development loans and construction financing, making them ideal for Highland's market. With multiple branches throughout the region and a commitment to local communities, they provide both convenience and trusted expertise for home financing needs.
Loan Types:
Mike Miller
Associated Bank
Associated Bank has deep roots throughout Wisconsin with a strong mortgage division that serves communities across the state, including Highland and Iowa County. Their experienced loan officers like Mike Miller provide comprehensive mortgage services with the stability of a regional bank combined with local decision-making. They offer special first-time homebuyer programs and have particular expertise with rural properties and land purchases. With physical branches throughout Wisconsin and dedicated mortgage specialists, they provide reliable, professional service backed by decades of community banking experience in the region.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Highland, WI
Are there any special mortgage programs for first-time homebuyers in Highland, WI?
Yes, the Wisconsin Housing and Economic Development Authority (WHEDA) offers several first-time homebuyer programs with competitive rates, down payment assistance, and flexible credit requirements. These are widely used in Highland and can be a great resource, especially for buyers with moderate incomes. Local lenders in the area are very familiar with these programs and can help you navigate the application process.
How do property taxes in Highland and Iowa County affect my mortgage payment and qualification?
Iowa County has property tax rates that are generally moderate for Wisconsin, but they are a key component of your monthly escrow payment. Lenders will factor these taxes into your debt-to-income ratio during pre-approval. It's wise to get an estimate of the annual taxes on your target property early in the process, as this can significantly impact your overall housing budget and loan affordability.
What are typical down payment requirements for homes in Highland's rural market?
While 20% down is standard to avoid private mortgage insurance (PMI), many buyers in Highland utilize conventional loans with 3-5% down or USDA Rural Development loans, which offer 0% down payment options for eligible properties and borrowers in designated rural areas. Given Highland's location, many properties qualify for USDA loans, which are a popular and advantageous choice for qualified buyers.
How does the appraisal process work for a unique or older home in Highland?
Highland has many charming, older, or more rural properties. An appraisal here requires a lender who works with appraisers experienced in valuing non-standard homes, considering factors like well and septic systems, outbuildings, and local comparable sales that may be limited. Be prepared for the appraisal to be a critical and potentially more detailed step in your mortgage process compared to a standard suburban home.
Are interest rates in Highland different from the national average, and what local factors influence them?
Mortgage rates in Highland are primarily set by national markets, but your final rate depends on your personal financial profile and the lender you choose. Working with a local community bank or credit union in the area can sometimes offer more personalized service and competitive terms, as they have a deep understanding of the local real estate market and property values in Iowa County.
Why Choose a Mortgage Lender in Highland?
Local Market Knowledge
Lenders who understand Highland'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 Highland and get competitive rates on your home loan.