The Best Mortgage Lenders in New Franken, WI
Compare verified mortgage lenders serving New Franken, Wisconsin. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in New Franken
Featured Mortgage Lenders
Fox Communities Credit Union Mortgage Department
Fox Communities Credit Union
Fox Communities Credit Union is consistently ranked among the top mortgage lenders in Northeast Wisconsin, serving the New Franken area with exceptional customer satisfaction. As a member-owned financial cooperative with deep roots in the community, they offer highly competitive rates and personalized service. Their mortgage team provides comprehensive guidance through the entire home financing process, with particular expertise in first-time homebuyer programs and construction loans. With multiple local branches and digital banking options, they combine convenience with the personal touch of a community-focused institution.
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Associated Bank Mortgage Division
Associated Bank
Associated Bank maintains a strong physical presence throughout Brown County and has been serving New Franken residents for generations. As Wisconsin's largest bank headquartered in the state, they offer extensive mortgage expertise with the stability of a long-established financial institution. Their mortgage specialists provide tailored solutions for various home financing needs, including specialized programs for agricultural properties common in the New Franken area. Customers consistently praise their responsive service, local decision-making authority, and competitive rate offerings for both purchase and refinance transactions.
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Great Midwest Bank Mortgage Team
Great Midwest Bank
Great Midwest Bank has built an outstanding reputation throughout Northeast Wisconsin for their exceptional mortgage lending services, particularly in rural and suburban communities like New Franken. As a community bank with deep local roots, they excel in understanding the unique property needs of the area, including agricultural land and rural development loans. Their mortgage processors are known for efficient closings and personalized attention throughout the loan process. The bank consistently receives high marks for their competitive rates, local underwriting, and expertise with USDA rural development loans that benefit many New Franken homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in New Franken, WI
What are typical mortgage rates for homebuyers in New Franken, WI, and how do they compare to state or national averages?
Mortgage rates in New Franken generally align with national averages, but local credit unions like Capital Credit Union or Associated Bank may offer competitive, slightly lower rates for members. As a village in Brown County with a stable, rural housing market, borrowers with strong credit often find favorable terms. It's always wise to compare offers from both local lenders and larger national institutions.
Are there any down payment assistance programs specifically for buyers in New Franken or Brown County?
Yes, the Wisconsin Housing and Economic Development Authority (WHEDA) offers statewide programs like WHEDA Advantage and WHEDA Catalyst, which are accessible to New Franken buyers and provide low down payments and competitive rates. Additionally, the Brown County Home Ownership Program may offer down payment and closing cost assistance for income-eligible first-time homebuyers purchasing within the county.
How does New Franken's rural location and proximity to Green Bay affect the home appraisal process for a mortgage?
Appraisals in New Franken must consider its unique setting as a rural village with agricultural and residential properties. Appraisers will look at comparable sales within New Franken and similar nearby communities like Luxemburg or Denmark, as well as the value influence of being within commuting distance to Green Bay's employment centers. Unique property features like larger lots or outbuildings are carefully evaluated.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in New Franken?
New Franken is within the Luxemburg-Casco School District, and property taxes in Brown County are a significant component of your escrow payment. Taxes are typically lower than in the city of Green Bay but vary by assessed value. For insurance, lenders will require coverage that reflects the area's exposure to Midwest weather, including potential for severe storms and winter damage.
Are USDA Rural Development loans a viable option for mortgages in New Franken, Wisconsin?
Absolutely. New Franken's designation as a rural area makes most of the village eligible for USDA Section 502 Guaranteed Loans, which offer 100% financing (no down payment). This is a popular and advantageous program for qualified buyers in the area, making homeownership more accessible given the local market's mix of newer subdivisions and established rural homes.
Nearby Cities
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Why Choose a Mortgage Lender in New Franken?
Local Market Knowledge
Lenders who understand New Franken'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 New Franken and get competitive rates on your home loan.