The Best Mortgage Lenders in Reedsburg, WI
Compare verified mortgage lenders serving Reedsburg, Wisconsin. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Reedsburg
Featured Mortgage Lenders
Citizens State Bank Mortgage Department
Citizens State Bank
As Reedsburg's hometown bank with over a century of service, Citizens State Bank offers deeply personalized mortgage services with local decision-making. Their mortgage team provides competitive rates on all loan types with exceptional knowledge of Sauk County's real estate market. They're particularly strong in agricultural and rural property lending, offering construction loans and USDA rural development loans that perfectly serve the Reedsburg area. Their long-standing community presence ensures trusted relationships and understanding of local property values.
Loan Types:
UW Credit Union Mortgage Services
UW Credit Union
UW Credit Union serves the entire southern Wisconsin region including Reedsburg, offering highly competitive rates and exceptional member service. With digital mortgage applications and local loan officers who understand the Reedsburg market, they provide a seamless homebuying experience. They're particularly strong with first-time homebuyer programs and offer exclusive member benefits like rate discounts and flexible underwriting. Their extensive branch network throughout Wisconsin ensures convenient service for Reedsburg residents.
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Johnson Financial Group Mortgage
Johnson Financial Group
Johnson Financial Group maintains a strong physical presence in Reedsburg with experienced local mortgage professionals who understand the community's unique needs. They offer comprehensive mortgage solutions including construction lending and investment property financing. Their relationship-based approach ensures personalized service throughout the loan process, and their local decision-making capability allows for faster closings. They have particular expertise in serving both residential and small business property needs in the Reedsburg area.
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Frequently Asked Questions
Common questions about mortgage lending in Reedsburg, WI
Are there any first-time homebuyer programs specifically for Reedsburg, WI, that can help with down payment or closing costs?
Yes, the Wisconsin Housing and Economic Development Authority (WHEDA) offers statewide programs, but local lenders in Reedsburg often pair these with city-specific knowledge. Additionally, some local credit unions, like Royal Credit Union or Altra Federal Credit Union which serve the area, may offer special first-time buyer grants or low-down-payment loans tailored to Sauk County's income limits, which can be more favorable than state averages.
How do property taxes in Sauk County and the City of Reedsburg impact my mortgage payments and affordability?
Sauk County property taxes are a significant factor in your monthly payment. Reedsburg's 2023 mill rate was approximately $23.90 per $1,000 of assessed value, which is moderately high for Wisconsin. Your lender will calculate these into your escrow account, and it's wise to budget for taxes that can be 1.8% to 2.2% of the home's value annually, directly affecting how much house you can qualify for.
What are typical mortgage rates offered by local lenders in Reedsburg compared to national online lenders?
Local community banks and credit unions in Reedsburg, such as Bank of Wisconsin Dells or Hometown Bank, often offer competitive rates that can be very close to national averages, sometimes with better terms for local buyers. They may provide more personalized service and understanding of appraisals in Reedsburg's unique neighborhoods, which can streamline the process even if the rate difference is minor.
Does Reedsburg's housing market, with its mix of older historic homes and new developments, affect the mortgage appraisal process?
Absolutely. Appraisals in Reedsburg can be challenging for unique or historic properties due to fewer comparable sales ("comps"). Lenders familiar with the area are crucial. New constructions in developments like Eagle Crest or on the city's edges may appraise more smoothly, but for older homes downtown, an experienced local appraiser is key to ensuring the loan meets the property's value.
Are there any special mortgage considerations for buying a home with land or acreage just outside Reedsburg city limits?
Yes, purchasing a property with several acres in the surrounding Sauk County countryside often requires different financing. Many standard conforming loans have limits on acreage. You may need a rural or agricultural-purpose loan, and local lenders like Citizens State Bank of Loyal or community banks are experienced with these types of mortgages and the specific well and septic inspections required.
Nearby Cities
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Why Choose a Mortgage Lender in Reedsburg?
Local Market Knowledge
Lenders who understand Reedsburg'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 Reedsburg and get competitive rates on your home loan.