The Best Mortgage Lenders in Saint Francis, WI
Compare verified mortgage lenders serving Saint Francis, Wisconsin. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Saint Francis
Featured Mortgage Lenders
Waterstone Mortgage
Waterstone Mortgage Corporation
Waterstone Mortgage is a top-rated lender headquartered in the Milwaukee area, making it highly accessible for Saint Francis residents. With over two decades of experience, they are renowned for their competitive rates, personalized service, and extensive loan options. They consistently receive high customer satisfaction ratings for their efficient processing and local expertise, with many reviews praising their responsive communication and ability to handle complex mortgage scenarios. Their strong community presence and commitment to Wisconsin homebuyers make them a trusted choice.
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Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a highly reputable lender with a strong regional presence in Wisconsin, serving Saint Francis through local loan officers and offices. Founded in Madison, they have built a stellar reputation for exceptional customer service, competitive rates, and a wide range of loan products. They are frequently praised in reviews for their transparency, speed, and support throughout the mortgage process, earning numerous industry awards for reliability and customer satisfaction. Their deep roots in Wisconsin ensure they understand local market dynamics.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a nationally recognized mortgage lender with a robust presence in Wisconsin, including service to Saint Francis. Known for their innovative digital platform and competitive rates, they offer a seamless borrowing experience backed by decades of expertise. Customers highlight their efficiency, knowledgeable staff, and flexibility in loan options, with many reviews noting quick closings and excellent communication. Their combination of technology and personalized service makes them a top choice for homebuyers seeking reliability and modern convenience.
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Frequently Asked Questions
Common questions about mortgage lending in Saint Francis, WI
Are there any special down payment assistance programs for first-time homebuyers in Saint Francis, WI?
Yes, the Wisconsin Housing and Economic Development Authority (WHEDA) offers several programs, including the WHEDA Easy Close Down Payment Assistance loan, which can provide up to $6,000 in Saint Francis. Additionally, the City of Saint Francis may have local community development initiatives; it's recommended to check with City Hall for any targeted neighborhood programs.
How do property taxes in Saint Francis impact my mortgage payments and affordability?
Saint Francis, located in Milwaukee County, has a relatively high property tax rate, which significantly affects your total monthly payment. When calculating affordability, lenders will factor in these taxes, so it's crucial to get an accurate estimate from the city assessor's office. This often means you may qualify for a slightly lower mortgage principal compared to areas with lower tax rates.
What is a typical down payment percentage for conventional loans on homes in Saint Francis's market?
While 20% down is standard to avoid private mortgage insurance (PMI), many buyers in Saint Francis successfully purchase homes with down payments as low as 3-5% for conventional loans, especially for first-time buyers. Given the city's mix of modest starter homes and more expensive lakefront properties, your required percentage will depend heavily on the purchase price and your specific loan program.
Does living near Lake Michigan in Saint Francis affect my mortgage or insurance requirements?
Yes, if you are purchasing a home in a FEMA-designated flood zone near the lake, your lender will require you to carry flood insurance, which is a separate, mandatory cost added to your monthly mortgage payment. Even if not in a high-risk zone, lenders may still recommend it, and you should always get a flood zone determination during your due diligence.
Are there specific loan programs or considerations for buying a multi-family property (duplex/triplex) in Saint Francis?
Saint Francis has many duplexes, and you can use an FHA loan with as little as 3.5% down to purchase a 2-4 unit property if you intend to occupy one unit. This is a popular strategy for first-time buyers. For conventional financing, down payment requirements are typically 15-25% for investment properties, but owner-occupancy rules can provide better terms.
Nearby Cities
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Why Choose a Mortgage Lender in Saint Francis?
Local Market Knowledge
Lenders who understand Saint Francis'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 Saint Francis and get competitive rates on your home loan.