The Best Mortgage Lenders in Trevor, WI
Compare verified mortgage lenders serving Trevor, Wisconsin. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Trevor
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender known for its exceptional customer service and competitive rates, with a strong local presence in southeastern Wisconsin. Founded in 1996, it has built a reputation for reliability and expertise in various loan types, including government-backed and jumbo loans. With high customer satisfaction ratings and numerous awards, it serves Trevor and surrounding areas through its Kenosha branch, offering personalized guidance and efficient processing.
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Waterstone Mortgage
Waterstone Mortgage Corporation
Waterstone Mortgage, founded in 2000 and headquartered in Wisconsin, is a highly respected lender with a focus on community-oriented service and competitive financing options. It boasts a 4.7 rating from hundreds of reviews, highlighting its transparency, local expertise, and wide range of loan products. Serving Trevor and the broader Kenosha County area, Waterstone is praised for its responsive customer support and ability to handle complex mortgage scenarios.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a nationally recognized mortgage lender with a strong regional presence in the Midwest, including service to Trevor, WI. Founded in 2000, it has earned a 4.8 rating for its innovative digital tools, competitive rates, and efficient loan processing. Customers appreciate its user-friendly online platform and dedicated local advisors, making it a reliable choice for first-time homebuyers and refinancers alike in the southeastern Wisconsin area.
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Frequently Asked Questions
Common questions about mortgage lending in Trevor, WI
What are the typical down payment requirements for homes in Trevor, WI, given the local market?
In Trevor and the surrounding Kenosha County area, conventional loans typically require 5-20% down, but many local lenders work with first-time buyers on programs requiring as little as 3%. Given Trevor's more affordable price point compared to larger metro areas, a solid down payment of 5-10% is often achievable and can help secure better terms. It's advisable to consult with a local credit union or community bank familiar with the area's property valuations.
Are there any Wisconsin-specific first-time homebuyer programs that are accessible in Trevor?
Yes, the Wisconsin Housing and Economic Development Authority (WHEDA) offers excellent programs for Trevor buyers, including down payment assistance and competitive fixed-rate loans. WHEDA's programs have income and purchase price limits, which many homes in Trevor can qualify for, making them a popular choice. A local mortgage broker can help you navigate the specific requirements and application process.
How do property taxes in Kenosha County impact my mortgage payments in Trevor?
Kenosha County property taxes are a significant component of your monthly escrow payment. The combined tax rate for Trevor (village and county) is a key factor lenders use to calculate your debt-to-income ratio. While generally lower than in some Illinois border communities, it's crucial to get an accurate tax estimate for your specific property, as this will directly affect your total monthly mortgage payment.
What should I know about getting a mortgage for a home with well and septic in Trevor's more rural areas?
Many properties in and around Trevor are not on municipal water and sewer. Lenders will require a satisfactory water quality test and a septic system inspection as a condition of the loan. It's essential to budget for these inspections upfront and work with a lender experienced in rural properties, as issues with well flow or septic systems can delay or jeopardize loan approval.
How does Trevor's location near the Illinois border affect mortgage lending or buyer competition?
Trevor's proximity to the Illinois border, particularly the Chicago metro area, can attract out-of-state buyers seeking more affordable Wisconsin property taxes and home prices. This can create competitive market conditions. It's wise to get pre-approved with a strong, verifiable pre-approval letter from a reputable Wisconsin lender to make your offer stand out to sellers who may be comparing multiple bids.
Why Choose a Mortgage Lender in Trevor?
Local Market Knowledge
Lenders who understand Trevor'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 Trevor and get competitive rates on your home loan.