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.
Available Loan Programs in Union Grove
Featured Mortgage Lenders
Waterstone Mortgage
Waterstone Mortgage, Inc.
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.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
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.
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New American Funding
New American Funding
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.
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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.
Nearby Cities
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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.