The Best Mortgage Lenders in Kenosha, WI
Compare verified mortgage lenders serving Kenosha, Wisconsin. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Kenosha
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong local presence in Kenosha, known for its innovative digital mortgage platform and competitive rates. Founded in 2000, it has built a reputation for excellent customer service, fast closings, and a wide range of loan products. With high ratings across review platforms, it is praised for its transparency, knowledgeable loan officers, and efficient online application process, making it a preferred choice for homebuyers in southeastern Wisconsin.
Loan Types:
Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a highly reputable lender with deep roots in Wisconsin, offering personalized service and competitive loan options. Established in 1996, it has consistently high customer satisfaction ratings due to its local expertise, community involvement, and dedicated loan officers. Specializing in first-time homebuyer programs and refinancing, Fairway is known for its responsive support, flexible terms, and ability to navigate complex mortgage scenarios, making it a trusted partner for Kenosha residents.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a nationally recognized lender with a strong commitment to local communities, including Kenosha. Founded in 2008, it stands out for its streamlined processes, competitive rates, and emphasis on customer education. With a focus on building long-term relationships, Movement offers a variety of loan products and is acclaimed for its quick turnaround times and supportive loan officers. Its high review scores reflect reliability and a customer-centric approach, ideal for those seeking a smooth mortgage experience in the Kenosha area.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Kenosha, WI
Are there any first-time homebuyer programs specific to Kenosha, WI that can help with down payment or closing costs?
Yes, the Wisconsin Housing and Economic Development Authority (WHEDA) offers several programs, including the WHEDA Advantage and WHEDA Conventional loans, which are widely used in Kenosha. These can provide competitive interest rates, down payment assistance, and are particularly beneficial for first-time buyers. Additionally, local lenders often have knowledge of city-specific grants or assistance programs for qualifying buyers in Kenosha's targeted neighborhoods.
How do property taxes in Kenosha County impact my mortgage payments and affordability?
Kenosha County has property tax rates that are generally competitive within southeastern Wisconsin but are a significant factor in your monthly payment. Your lender will calculate an escrow payment for taxes as part of your monthly mortgage, so it's crucial to budget for this. It's advisable to get a precise tax estimate for any property you're considering, as rates can vary between the City of Kenosha, Pleasant Prairie, and Somers.
What is the typical down payment required for a conventional mortgage on a home in Kenosha's current market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many conventional loans in Kenosha are obtained with down payments as low as 3-5%, especially for first-time buyers. Given Kenosha's relatively affordable market compared to nearby Illinois and Milwaukee, a lower down payment can be a strategic way to enter the market. However, a stronger down payment can make your offer more competitive in multiple-bid situations.
Does Kenosha's proximity to Illinois and Chicago affect mortgage lending or rates differently?
Not directly, as mortgage rates are set on national and secondary markets. However, many Kenosha lenders are exceptionally familiar with cross-border buyers moving from Illinois, who may be seeking lower property taxes and cost of living. These lenders can efficiently handle employment verification and financial profiles for Illinois-based buyers, making the process smooth for this common demographic in the Kenosha market.
Are there specific mortgage considerations for buying a historic home in Kenosha's downtown or Library Park district?
Yes, purchasing a historic home may involve additional steps. Some lenders may require specialized appraisals and potentially more stringent inspections for older properties. Furthermore, if you plan to use a renovation loan like an FHA 203(k) to update a historic property, you must ensure the work complies with local historic preservation guidelines, which a knowledgeable local lender can help you navigate.
Nearby Cities
Explore mortgage lenders in cities near Kenosha, WI
Why Choose a Mortgage Lender in Kenosha?
Local Market Knowledge
Lenders who understand Kenosha'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 Kenosha and get competitive rates on your home loan.