The Best Mortgage Lenders in Stockholm, WI
Compare verified mortgage lenders serving Stockholm, Wisconsin. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Stockholm
Featured Mortgage Lenders
Mark Hagedorn
Royal Credit Union
Royal Credit Union stands out as one of western Wisconsin's most trusted mortgage lenders with exceptional member satisfaction ratings. While headquartered in Eau Claire, they actively serve the Stockholm area and surrounding Pepin County with specialized rural and vacation property expertise. Their mortgage team provides personalized service with competitive rates on all loan types, including USDA loans perfect for the Stockholm area. With nearly 60 years of community banking experience, they offer local underwriting decisions and have deep knowledge of the Mississippi River Valley real estate market.
Loan Types:
Eric Lofgren
Citizens State Bank of Loyal
Citizens State Bank has been serving western Wisconsin communities for over 120 years with a strong focus on rural mortgage lending. They have extensive experience with properties in the Stockholm area and understand the unique aspects of financing homes in smaller communities. Their local loan officers provide personalized service with quick decision-making and flexible terms. The bank specializes in construction loans and rural property financing, making them an excellent choice for Stockholm residents seeking local banking expertise with the stability of a century-old institution.
Loan Types:
Sarah Johnson
Altra Federal Credit Union
Altra Federal Credit Union serves multiple communities across western Wisconsin, including the Stockholm area, from their nearby Winona, Minnesota location. With over 90 years of financial service experience, they offer comprehensive mortgage solutions with competitive rates and exceptional member service. Their mortgage team specializes in helping buyers navigate the unique aspects of purchasing property in smaller river communities like Stockholm. They provide educational resources for first-time homebuyers and have streamlined digital mortgage processes while maintaining local, personal service.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Stockholm, WI
What are typical down payment requirements for homes in Stockholm, WI, given the local market?
For Stockholm's more affordable market, many conventional loans require a 5-10% down payment, but local lenders often work with buyers to explore options like USDA loans, which offer 0% down for eligible rural properties in Pepin County. FHA loans with 3.5% down are also common for first-time buyers looking at the village's older housing stock.
Are there any special mortgage programs for buying a vacation or second home on Lake Pepin in Stockholm?
Yes, but financing a lakefront or second home here has specific requirements. Lenders typically require a higher down payment, often 20-30%, and may have stricter debt-to-income ratios. It's crucial to work with a lender experienced in Wisconsin vacation property markets, as appraisals for unique lake properties can be more complex.
How does Stockholm's status as a rural village in Pepin County affect my mortgage options?
Stockholm's rural designation makes you eligible for USDA Rural Development loans, a key advantage offering 100% financing with no down payment. Additionally, the Wisconsin Housing and Economic Development Authority (WHEDA) offers programs with competitive rates and down payment assistance that are accessible to buyers in Pepin County, providing valuable support in this market.
What should I know about property taxes and insurance when calculating my mortgage payment in Stockholm?
Pepin County has relatively moderate property tax rates compared to urban Wisconsin areas, which helps keep monthly payments affordable. However, you should budget for higher-than-average homeowners insurance if purchasing a historic property in the village or a home near the floodplain of Lake Pepin, as these factors can influence premiums and lender requirements.
As a first-time homebuyer in Stockholm, what local resources or grants should I explore?
First-time buyers should immediately consult the WHEDA website for statewide programs and connect with a local lender familiar with the **Pepin County Housing Authority**. While direct city grants are limited due to Stockholm's small size, statewide WHEDA programs, often paired with USDA loans, provide excellent pathways for low-to-moderate income buyers to enter this market.
Nearby Cities
Explore mortgage lenders in cities near Stockholm, WI
Why Choose a Mortgage Lender in Stockholm?
Local Market Knowledge
Lenders who understand Stockholm'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 Stockholm and get competitive rates on your home loan.