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Union Grove, WI

The Best Mortgage Lenders in Union Grove, WI

Compare verified mortgage lenders serving Union Grove, Wisconsin. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.7
Avg Rating
730+
Reviews
8
Loan Types

Available Loan Programs in Union Grove

Conventional
FHA
VA
USDA
Jumbo
Refinance
Reverse Mortgages
ARM

Featured Mortgage Lenders

1

Waterstone Mortgage

Waterstone Mortgage, Inc.

★★★★☆
4.5/5

Waterstone Mortgage is a highly respected lender headquartered in Wisconsin with over two decades of experience serving the Milwaukee metropolitan area, including Union Grove. They are renowned for their competitive rates, personalized customer service, and extensive loan options. With strong local presence and high customer satisfaction ratings, they consistently receive praise for their efficient processing and community involvement, making them a top choice for homebuyers in Racine County and beyond.

Experience:24 years
Reviews:250 customer reviews
10850 W Park Pl, Milwaukee, WI 53224

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

Fairway Independent Mortgage Corporation

Fairway Independent Mortgage Corporation

★★★★☆
4.8/5

Fairway Independent Mortgage, founded in Madison, Wisconsin, is a nationally recognized lender with a strong regional focus on serving communities like Union Grove. They excel in providing a wide array of mortgage products with an emphasis on customer education and support. Known for their exceptional service, local expertise, and high approval rates, they have built a reputation for reliability and trustworthiness, backed by numerous industry awards and positive client reviews.

Experience:28 years
Reviews:180 customer reviews
7111 Mineral Point Rd, Madison, WI 53717

Loan Types:

ConventionalFHAVAUSDAJumboReverse Mortgages
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3

New American Funding

New American Funding

★★★★☆
4.7/5

New American Funding is a top-rated national lender with a significant presence in Wisconsin, including service to Union Grove. They are praised for their innovative technology, diverse loan programs, and commitment to underserved communities. With competitive rates, flexible terms, and a dedicated team of local loan officers, they offer personalized assistance and fast closings. Their high customer satisfaction scores and extensive review base highlight their effectiveness in meeting home financing needs across the region.

Experience:21 years
Reviews:300 customer reviews
14511 Myford Rd, Irvine, CA 92606

Loan Types:

FHAVAConventionalJumboARMRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Union Grove, WI

Are there any first-time homebuyer programs specifically for Union Grove, WI, residents?

Yes, the Wisconsin Housing and Economic Development Authority (WHEDA) offers several statewide programs, including the WHEDA Advantage and WHEDA Conventional loans, which are popular in Union Grove. These programs provide competitive interest rates, down payment assistance, and flexible credit requirements. Additionally, Racine County may offer local down payment assistance programs, so it's wise to check with a local lender familiar with the area.

How do property taxes in Union Grove affect my mortgage payment and qualification?

Union Grove, located in Racine County, has property tax rates that are moderately high for Wisconsin, which directly impacts your monthly escrow payment and debt-to-income (DTI) ratio. Lenders will factor these taxes into your payment calculation, which can affect how much home you qualify for. It's crucial to get an accurate tax estimate for any property you're considering to ensure your budget and pre-approval are realistic.

What is the typical down payment needed for a home in Union Grove's competitive market?

While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Union Grove successfully purchase homes with 3%, 5%, or 10% down, especially using conventional or FHA loans. Given the competitive nature of the local market, a stronger down payment can make your offer more attractive to sellers. Working with a local lender who can structure a competitive pre-approval is key.

Are USDA rural development loans available for homes in Union Grove, WI?

Yes, parts of Union Grove and the surrounding Village area are eligible for USDA loans, which offer 100% financing with no down payment. This is a significant advantage for eligible buyers looking in this community. You should consult with a lender to confirm the specific property's eligibility using the USDA's online mapping tool, as eligibility can vary by street.

How do I account for potential special assessments when getting a mortgage for a home in Union Grove?

Union Grove, like many Wisconsin villages, may levy special assessments for public improvements like sewer, water, or street projects. A lender will require these to be paid off at closing or will factor ongoing payments into your DTI ratio if they are not paid in full. It is critical to review the property's title report and work with your real estate agent to investigate any existing or pending assessments during your inspection period.

Mortgage Insights

Finding Your Perfect Home Loan in Union Grove, Wisconsin

Searching for "home loans near me" is about more than just finding the closest lender. In a community like Union Grove, it's about connecting with financial partners who understand the unique character of our local market and can guide you through the specific opportunities available right here in Racine County. As you embark on your homebuying journey in our village, a strategic approach to your mortgage search will make all the difference.

Union Grove presents a compelling mix of small-town charm with convenient access to larger metro areas. This dynamic directly influences the housing market and, by extension, your loan strategy. You'll find a range of properties, from historic homes near the downtown area to newer subdivisions. Given this variety, your first practical step should be to get pre-approved with a lender familiar with the local appraisal landscape. A lender who knows Union Grove can accurately assess property values on tree-lined streets versus newer builds, ensuring your loan process stays on track.

Wisconsin offers several regional programs that Union Grove buyers should actively explore. The WHEDA (Wisconsin Housing and Economic Development Authority) loan program is a standout. WHEDA offers competitive interest rates, down payment assistance, and flexible credit guidelines, which can be a game-changer for first-time homebuyers or those with modest savings. Additionally, explore if any Racine County-specific down payment assistance programs are available, as these can often be layered with other loans.

When seeking "home loans near me," prioritize lenders with a physical presence in Southeastern Wisconsin. Local loan officers have their finger on the pulse of market trends—like how quickly homes in the Union Grove area are selling or how the local school district impacts property values. They can also provide invaluable advice on managing closing costs, which in Wisconsin include specific items like title insurance and recording fees. Don't hesitate to interview a few local lenders, including community banks and credit unions, which often have a deep commitment to the area and may offer more personalized service.

Your actionable advice is this: Start your loan search by identifying two or three local lenders who actively work in Racine County. Ask them specifically about their experience with Union Grove properties and their knowledge of WHEDA and other state programs. Get detailed pre-approval letters from each to understand your true budget. Remember, in a competitive market, a strong, locally-sourced pre-approval can make your offer stand out to a seller who knows and values our community.

By focusing your search for "home loans near me" on true local expertise, you're not just securing a mortgage—you're gaining a partner who understands the value of calling Union Grove home.

Nearby Cities

Explore mortgage lenders in cities near Union Grove, WI

Why Choose a Mortgage Lender in Union Grove?

Local Market Knowledge

Lenders who understand Union Grove'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 Union Grove and get competitive rates on your home loan.