The Best Mortgage Lenders in Oakdale, WI
Compare verified mortgage lenders serving Oakdale, Wisconsin. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Oakdale
Featured Mortgage Lenders
Waterstone Mortgage
Waterstone Mortgage Corporation
Waterstone Mortgage is a highly-rated Wisconsin-based lender with a strong regional presence, serving Oakdale and surrounding areas. Founded in 2000, they are known for competitive rates, personalized service, and a wide range of loan options. With over 180 reviews praising their efficiency and customer care, they have built a reputation for reliability and expertise in rural and suburban Wisconsin markets. Their local loan officers provide tailored solutions, making them a top choice for homebuyers in Monroe County.
Loan Types:
Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a nationally recognized lender with a robust presence in Wisconsin, including service to Oakdale. Founded in 1996, they excel in customer satisfaction, offering competitive rates and a variety of loan programs. With over 220 reviews highlighting their responsive and knowledgeable staff, they are praised for streamlining the mortgage process. Their local branch network ensures personalized support for clients in Monroe County, making them a trusted option for home financing.
Loan Types:
Altra Federal Credit Union
Altra Federal Credit Union
Altra Federal Credit Union is a top-rated local institution with deep roots in western Wisconsin, serving Oakdale and Monroe County for decades. Although founded earlier, it maintains high customer ratings for its community-focused approach, competitive rates, and extensive loan options. With over 114 reviews commending their friendly service and flexibility, Altra is known for supporting first-time homebuyers and offering educational resources. Their physical branches in nearby Onalaska and Sparta provide convenient access for personalized mortgage assistance.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Oakdale, WI
What are the typical down payment requirements for homes in Oakdale, WI, given its rural setting?
While standard loans often require 3-5% down, many Oakdale properties may qualify for USDA Rural Development loans, which offer 0% down payment options. This is a significant advantage for the area, as most of St. Croix County, including Oakdale, is eligible. Local lenders are very familiar with this program and can guide you through the property eligibility maps.
Are there any Wisconsin-specific first-time homebuyer programs that are particularly useful in Oakdale?
Yes, the Wisconsin Housing and Economic Development Authority (WHEDA) offers competitive first-time homebuyer loans with down payment assistance. These programs are accessible in Oakdale and can be combined with the area's generally affordable home prices. A local mortgage broker can help you navigate WHEDA's requirements, including homebuyer education.
How do property taxes in St. Croix County impact my mortgage payments and affordability in Oakdale?
St. Croix County has property tax rates that are generally competitive within Wisconsin. Your lender will calculate these taxes into your monthly escrow payment. It's wise to get a precise tax estimate for any property, as rates can vary slightly between towns, but overall, Oakdale offers a favorable tax environment compared to more urban counties.
What should I know about getting a mortgage for an older or more rural property in Oakdale?
Financing older homes or properties with wells and septic systems is common here. Lenders will require specific inspections, like a well water test and septic compliance inspection, before loan approval. It's crucial to work with a lender experienced in rural properties who understands these requirements and can recommend qualified local inspectors.
How does Oakdale's proximity to the Twin Cities metro affect mortgage lending and appraisals?
While Oakdale offers a rural lifestyle, its location within commuting distance of Minneapolis-St. Paul can positively influence property values and appraisal outcomes. Appraisers will use comparable sales ("comps") from Oakdale and similar nearby communities, recognizing the demand for accessible rural living. This stability can be favorable for loan approval.
Why Choose a Mortgage Lender in Oakdale?
Local Market Knowledge
Lenders who understand Oakdale'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 Oakdale and get competitive rates on your home loan.