The Best Mortgage Lenders in Medford, WI
Compare verified mortgage lenders serving Medford, Wisconsin. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Medford
Featured Mortgage Lenders
Mark W. Wissbroecker
Forward Bank
Forward Bank is a highly-rated community bank deeply embedded in the Medford area with over a century of service. They consistently receive exceptional ratings for personalized mortgage services, local decision-making, and competitive rates. As a community-focused institution, they offer specialized guidance for rural and USDA loans which are particularly relevant to the Medford region. Their mortgage team has extensive experience with local property markets and provides comprehensive support throughout the entire home buying process.
Loan Types:
Mortgage Services Department
Associated Bank
Associated Bank maintains a strong physical presence in Medford with a local branch and offers comprehensive mortgage services throughout Wisconsin. They are particularly noted for their competitive jumbo loan options and extensive digital mortgage tools that streamline the application process. With decades of experience serving Wisconsin communities, they provide reliable underwriting and a wide range of loan products suitable for various borrower needs in the Medford area.
Loan Types:
Mortgage Lending Team
Waterstone Mortgage
Waterstone Mortgage is a Wisconsin-based mortgage lender with a strong statewide presence that actively serves the Medford area. They are particularly acclaimed for their construction and renovation loan expertise, making them an excellent choice for rural property development in Taylor County. Their local loan officers understand the unique aspects of central Wisconsin real estate and provide personalized service with the backing of a substantial regional mortgage company known for competitive rates and efficient processing.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Medford, WI
What are the current mortgage rates like in Medford, WI, and are they different from national averages?
Mortgage rates in Medford are generally in line with national averages, but local lenders may offer competitive terms. As a rural area in Taylor County, rates can sometimes be slightly more favorable due to lower cost of living and property values compared to major metro areas. It's always best to get quotes from both local credit unions, like Forward Financial, and national lenders for comparison.
Are there any down payment assistance programs specifically for buyers in Medford or Taylor County?
Yes, the Wisconsin Housing and Economic Development Authority (WHEDA) offers several first-time and repeat homebuyer programs accessible in Medford, including down payment assistance loans. Additionally, local lenders may have special programs or knowledge of community-specific grants. Checking with the Taylor County Housing Authority can also provide information on any localized assistance initiatives.
How does the appraisal process work in Medford's rural and small-town market?
Appraisals in Medford can be unique due to the mix of in-town properties and rural homes with acreage. Appraisers must find comparable sales ("comps") which can be challenging in a lower-volume market, sometimes requiring them to look at sales in nearby towns like Abbotsford or Stanley. This process can take slightly longer but is crucial for accurately valuing properties with outbuildings or large lots common in the area.
What should I know about property taxes and insurance when getting a mortgage in Medford?
Property taxes in Medford and Taylor County are typically lower than state averages, which can positively impact your debt-to-income ratio. For insurance, if your property is outside city limits with a private well and septic system, lenders will require water quality and septic inspections. Also, consider additional coverage for detached structures like barns or workshops, which are common in this area.
Are USDA Rural Development loans a good option for buying a home in Medford, WI?
Absolutely. Most properties in and around Medford qualify for USDA Rural Development loans, which offer 100% financing with no down payment. This is an excellent program for eligible buyers given Medford's designation as a rural area. These loans can be particularly advantageous for first-time buyers looking at homes on the outskirts of town or in the surrounding countryside of Taylor County.
Why Choose a Mortgage Lender in Medford?
Local Market Knowledge
Lenders who understand Medford'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 Medford and get competitive rates on your home loan.