The Best Mortgage Lenders in Maplewood, WI
Compare verified mortgage lenders serving Maplewood, Wisconsin. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Maplewood
Featured Mortgage Lenders
Mortgage Department
Security Financial Bank
Security Financial Bank has been serving western Wisconsin communities for nearly 90 years and maintains a strong presence in the Maplewood area. Their mortgage team receives exceptional ratings for personalized service and local market expertise. As a community bank, they offer competitive rates with the advantage of local decision-making and deep understanding of rural and semi-rural property financing needs in the region.
Loan Types:
Mortgage Services
Royal Credit Union
Royal Credit Union is one of the highest-rated financial institutions serving western Wisconsin, including the Maplewood area. Their mortgage department consistently earns top marks for customer satisfaction, competitive rates, and educational approach to home financing. As a member-owned cooperative, they prioritize member needs and offer specialized first-time homebuyer programs and local underwriting expertise.
Loan Types:
Mortgage Lending
Associated Bank
Associated Bank maintains a strong regional presence throughout Wisconsin with dedicated mortgage professionals serving the Maplewood area. They receive excellent ratings for their comprehensive loan options and professional service. With decades of experience in Wisconsin real estate markets, they offer competitive conventional and government-backed loans along with construction financing expertise that's particularly valuable in semi-rural areas like Maplewood.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Maplewood, WI
Are there any special first-time homebuyer programs available specifically for Maplewood, WI?
While Maplewood itself does not have a city-specific program, Wisconsin offers the WHEDA (Wisconsin Housing and Economic Development Authority) Advantage program, which is widely used in the area. This program provides competitive fixed-rate mortgages, down payment assistance, and favorable terms for first-time buyers, which is particularly helpful in Maplewood's market. Local lenders are very familiar with WHEDA and can guide you through the application process.
How does Maplewood's property tax rate affect my mortgage payments and qualification?
Maplewood, as part of the broader St. Croix County area, has property tax rates that are generally competitive within Wisconsin. Your lender will calculate these taxes into your total monthly payment (escrow) and your debt-to-income ratio. It's wise to get a precise tax estimate for your desired property, as this can significantly impact your overall housing budget and loan approval amount.
What are typical down payment requirements for homes in Maplewood given its market?
For conventional loans, a 20% down payment is standard to avoid private mortgage insurance (PMI), but many buyers in Maplewood utilize programs allowing for 3%, 5%, or 10% down. Given the area's mix of suburban and more rural properties, USDA loans with 0% down may also be an option for eligible homes and borrowers in certain parts of Maplewood, making homeownership more accessible.
How do appraisals work for unique or rural properties in Maplewood, WI?
Maplewood has a variety of property types, from standard suburban homes to larger lots with more land. For unique or rural properties, lenders often require appraisers with specific expertise in valuing land and non-standard features. This process can sometimes take longer than in a purely suburban market, so it's important to build extra time into your closing timeline when considering such properties.
Are jumbo loans common in Maplewood, and what are the requirements?
Jumbo loans (exceeding the conforming loan limits) are less common in Maplewood than in higher-cost Wisconsin metros, but they may be needed for higher-end properties. For 2024, the conforming limit for St. Croix County is $766,550. If you need a loan above this, expect stricter requirements, including excellent credit (often 700+), lower debt-to-income ratios, and larger reserve funds, typically from local or national banks familiar with the area.
Nearby Cities
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Why Choose a Mortgage Lender in Maplewood?
Local Market Knowledge
Lenders who understand Maplewood'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 Maplewood and get competitive rates on your home loan.