The Best Mortgage Lenders in Malone, WI
Compare verified mortgage lenders serving Malone, Wisconsin. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Malone
Featured Mortgage Lenders
Community First Credit Union
Community First Credit Union
As one of Wisconsin's largest and most established credit unions, Community First has been serving homeowners across the state for over eight decades. While headquartered in Green Bay, they have a strong presence throughout eastern Wisconsin and serve the Malone area with competitive mortgage products. They're particularly renowned for their first-time homebuyer programs and personalized service approach. With nearly 300 excellent reviews and an A+ BBB rating, they consistently receive praise for their competitive rates, transparent process, and local decision-making authority that benefits rural communities like Malone.
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National Exchange Bank & Trust
National Exchange Bank & Trust
With deep roots in eastern Wisconsin since 1933, National Exchange Bank & Trust has extensive experience serving rural communities throughout Fond du Lac County and surrounding areas, including Malone. They offer a comprehensive range of mortgage products with particular expertise in rural property financing and construction loans. Their local underwriting team understands the unique aspects of Wisconsin rural properties, and they're known for their competitive rates and long-term relationship banking approach. The bank maintains strong community ties and has earned numerous local awards for customer service excellence.
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Waterstone Mortgage
Waterstone Mortgage Corporation
Waterstone Mortgage is a Wisconsin-based premier mortgage lender with a strong statewide presence and national reach. Headquartered in the Milwaukee area, they actively serve customers throughout Wisconsin, including the Malone region. They're particularly noted for their innovative loan programs and competitive pricing structure. With over 300 positive reviews, customers consistently praise their efficient processing, knowledgeable loan officers, and ability to handle complex financing scenarios. Their Wisconsin roots give them particular insight into local market conditions and property types common in rural areas like Malone.
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Frequently Asked Questions
Common questions about mortgage lending in Malone, WI
What are the current mortgage rates like in Malone, WI, and how do they compare to state or national averages?
Mortgage rates in Malone are generally aligned with national averages, but local lenders may offer competitive rates due to the community-focused banking environment. It's common to find rates slightly below the national average through regional banks or credit unions like Horicon Bank or Citizens Bank, which have a strong presence in Dodge County. Always get multiple quotes, as even a small difference can be significant over a 30-year loan.
Are there any local down payment assistance or first-time homebuyer programs specifically for Malone residents?
Yes, Malone homebuyers can access statewide Wisconsin programs like WHEDA (Wisconsin Housing and Economic Development Authority) loans, which offer competitive rates, down payment assistance, and are widely used in rural communities. Additionally, some local lenders may offer their own community programs or grants. Consulting with a local mortgage broker familiar with Dodge County is the best way to uncover all available options.
How does the appraisal process work for a home in a rural area like Malone, and are there any unique challenges?
Appraisals in Malone can be more complex due to the rural setting and the prevalence of unique properties, like farms or homes on large lots. Comparable sales ("comps") may be fewer and farther apart, which can sometimes affect valuation. Using a local appraiser with experience in Dodge County is crucial to ensure they understand the value of land, outbuildings, and the local market dynamics.
What should I know about property taxes and insurance when budgeting for a mortgage in Malone?
Property taxes in Malone (within Dodge County) are a key factor, with rates typically around 1.8% to 2.2% of assessed value. Homeowners insurance can be very affordable compared to urban areas, but if your property includes a well and septic system (common in Malone), you may need to budget for additional water quality and septic maintenance coverage. Your lender will help you estimate these costs for your escrow account.
Are USDA Rural Development loans a common and good option for buying a home in Malone, WI?
Absolutely. Given Malone's rural designation, USDA loans are an extremely popular and advantageous option here. They offer 100% financing (no down payment), competitive interest rates, and are specifically designed for eligible borrowers in rural areas. Most properties in and around Malone qualify, making this a top program for buyers who meet the income requirements.
Nearby Cities
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Why Choose a Mortgage Lender in Malone?
Local Market Knowledge
Lenders who understand Malone'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 Malone and get competitive rates on your home loan.