The Best Mortgage Lenders in Sussex, WI
Compare verified mortgage lenders serving Sussex, Wisconsin. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Sussex
Featured Mortgage Lenders
Landmark Credit Union
Landmark Credit Union
Landmark Credit Union stands out as one of southeastern Wisconsin's most trusted mortgage lenders with deep roots in the community. While headquartered in Menomonee Falls, they actively serve Sussex and surrounding Waukesha County areas. Their exceptional 4.8 rating reflects consistent customer satisfaction with competitive rates, personalized service, and comprehensive mortgage solutions. As a member-owned financial cooperative, they prioritize member needs over profits, offering lower fees and more flexible underwriting than many traditional banks. Their mortgage specialists provide guidance through every step of the home financing process, from pre-approval to closing.
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First Mortgage Corporation
First Mortgage Corporation
First Mortgage Corporation has built an outstanding reputation throughout Waukesha County and specifically serves the Sussex area with exceptional mortgage services. With three decades of experience, they've maintained a 4.7 rating through consistent dedication to customer satisfaction and competitive loan products. Their local underwriting team allows for faster processing and more personalized service than many larger national lenders. Specializing in both purchase and refinance transactions, they're known for their educational approach, ensuring borrowers fully understand their options. Their strong relationships with local real estate professionals make them a preferred lender for many Sussex homebuyers.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation - Waukesha Branch
Fairway Independent Mortgage Corporation's Waukesha branch consistently earns top ratings for their exceptional service to Sussex and surrounding communities. With a remarkable 4.9 rating based on hundreds of reviews, they've established themselves as one of southeastern Wisconsin's premier mortgage lenders. Their local loan officers have deep knowledge of the Sussex market and provide personalized attention throughout the mortgage process. Fairway is renowned for their competitive rates, efficient processing, and wide range of loan products to suit various borrower needs. Their strong technology platform ensures a smooth digital experience while maintaining the personal touch that local homebuyers appreciate.
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Frequently Asked Questions
Common questions about mortgage lending in Sussex, WI
What are the typical down payment requirements for homes in Sussex, WI, given its market?
For the median-priced home in Sussex, which often exceeds the state average, a conventional loan typically requires 5-20% down. However, many local lenders are familiar with USDA Rural Development loans, as parts of Sussex may still qualify for this 0% down payment program, making homeownership more accessible despite rising prices.
Are there any local or county-specific first-time homebuyer programs available in Sussex?
Yes, Sussex homebuyers can leverage the Waukesha County HOME Down Payment Assistance Program, which offers up to $10,000 in a deferred, forgivable loan for eligible first-time buyers. Additionally, the WHEDA (Wisconsin Housing and Economic Development Authority) Advantage program is widely used, offering competitive rates and down payment assistance statewide.
How do property taxes in Sussex impact my mortgage payment and qualification?
Waukesha County, including Sussex, has property tax rates that are generally lower than the Wisconsin average but higher than some neighboring states. Lenders will calculate your debt-to-income ratio using the estimated monthly escrow payment for taxes, which can be significant. It's crucial to get an accurate tax estimate, as it directly affects your purchasing power and monthly PITI payment.
What should I know about getting a mortgage for a home in a Sussex subdivision with a homeowners association (HOA)?
Many Sussex neighborhoods, especially newer developments, have active HOAs. Your lender will require a review of the HOA's budget, covenants, and fee structure. The monthly HOA fee (often $50-$150+) will be included in your debt-to-income calculation, and any special assessments could affect your appraisal and loan approval.
With Sussex's mix of older village homes and new construction, are there specific loan considerations for each?
Absolutely. For newer construction, your lender may need to work closely with the builder's preferred lender on construction-to-permanent financing. For older homes in the village, an FHA 203(k) or conventional renovation loan might be beneficial to finance updates, and a thorough appraisal is critical due to varying lot sizes and home conditions.
Why Choose a Mortgage Lender in Sussex?
Local Market Knowledge
Lenders who understand Sussex'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 Sussex and get competitive rates on your home loan.