The Best Mortgage Lenders in Port Edwards, WI
Compare verified mortgage lenders serving Port Edwards, Wisconsin. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Port Edwards
Featured Mortgage Lenders
Mike Kumm
Marshfield Mortgage Center
Marshfield Mortgage Center is a highly-rated local mortgage broker serving central Wisconsin, including Port Edwards. With over two decades of experience, they specialize in personalized service and competitive rates for home purchases and refinancing. Their team, led by Mike Kumm, has built an exceptional reputation for guiding clients through the mortgage process with expertise in various loan programs including first-time homebuyer programs specific to Wisconsin. They are known for their responsive communication and ability to close loans efficiently.
Loan Types:
Mortgage Department
Associated Bank
Associated Bank has a strong physical presence in Wisconsin Rapids, just minutes from Port Edwards, with deep roots in Wisconsin communities. As one of the largest banks headquartered in Wisconsin, they offer comprehensive mortgage services with local decision-making. Their mortgage team provides competitive rates and personalized service, with expertise in both primary residences and vacation properties common in the Wisconsin River area. They are particularly strong in construction lending and offer special programs for Wisconsin homeowners.
Loan Types:
Mortgage Services
North Shore Bank
North Shore Bank has been serving Wisconsin communities for nearly a century, with a dedicated mortgage team in their Wisconsin Rapids branch that actively serves Port Edwards residents. They are known for their competitive rates and local underwriting expertise, offering a full range of mortgage products with the personal touch of a community bank. Their mortgage specialists have extensive knowledge of the central Wisconsin housing market and provide educational resources to help borrowers make informed decisions. They consistently receive high marks for customer service and loan processing efficiency.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Port Edwards, WI
What are the current average mortgage rates for homebuyers in Port Edwards, WI, and how do they compare to state or national averages?
Mortgage rates in Port Edwards are generally aligned with statewide Wisconsin averages, which often run slightly below the national average due to a stable local economy and lower population density. As of recent trends, you can expect competitive conventional loan rates. It's always wise to compare offers from local credit unions, like the local branch of IncredibleBank or other Wisconsin-based lenders, who may offer special promotions.
Are there any down payment assistance programs specifically available for Port Edwards homebuyers?
Yes, Port Edwards homebuyers have access to statewide Wisconsin programs like WHEDA (Wisconsin Housing and Economic Development Authority) Advantage and Conventional loans, which offer competitive rates and down payment assistance for eligible borrowers. These programs are particularly valuable in Port Edwards, where median home prices are accessible, making the assistance go further for first-time and repeat buyers meeting income and purchase price limits.
How does the appraisal process work in Port Edwards, given its mix of riverfront properties and more standard residential homes?
Appraisals in Port Edwards require appraisers familiar with the local market nuances, such as the value of properties along the Wisconsin River versus those in established neighborhoods like Park Place. Lenders will typically order an appraisal from a professional with knowledge of Wood County comparables, ensuring the valuation accurately reflects factors like lot size, proximity to the river, and the condition of often older, well-maintained homes in the area.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Port Edwards?
Property taxes in Port Edwards (within Wood County) are a key component of your escrow payment and are currently at a mill rate that is competitive within the region. Homeowners insurance is generally affordable but can be influenced by proximity to the Wisconsin River, with lenders possibly requiring a flood determination. Your lender will help you estimate these costs based on the specific property's assessed value and location.
As a first-time homebuyer in Port Edwards, what local lender resources or homebuyer education courses are recommended?
First-time buyers in Port Edwards are strongly encouraged to utilize WHEDA's homebuyer education courses, which are available online and are often required for their assistance programs. Additionally, local lenders like AbbyBank or Heartland Credit Union have mortgage specialists who can provide personalized guidance on navigating the purchase in Port Edwards's tight-knit market, where word-of-mouth and local relationships are valuable.
Nearby Cities
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Why Choose a Mortgage Lender in Port Edwards?
Local Market Knowledge
Lenders who understand Port Edwards'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 Port Edwards and get competitive rates on your home loan.