Wisconsin’s Best Mortgage Lenders & Current Mortgage Rates

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Looking to put down real estate roots in the Badger State? With 2.7 million housing units and a homeownership rate of 67% according to the U.S. Census Bureau’s 2018 American Community Survey, you’re in good company.

The state’s median housing value is $188,500, which falls below the national average of $229,700. Home values vary by region, however, so homes in some Wisconsin counties are slightly more expensive than the national average.

What Are the Mortgage Rates in Wisconsin?

The average interest rate for a 30-year fixed-rate conforming mortgage in Wisconsin is 3.05%.

Home interest rates range from 2.5% to 4% in Wisconsin.

What Are Today’s Mortgage Rates?

Locking in a low mortgage rate today can save you thousands over the life of your loan. Compare your mortgage rate offers with national average trends.








Loan Types

This Week’s Rate

Last Week’s Rate

30-year fixed-rate mortgage 3.04% 3.08%
15-year fixed-rate mortgage 2.55% 2.59%
30-year fixed-rate jumbo mortgage 3.08% 3.11%
5/1 ARM 3.1% 3.11%
5/1 jumbo ARM 3% 2.98%

*Rates as of Oct. 7, 2020

U.S. News’ Best Wisconsin Mortgage Lenders

  • Veterans United Home Loans: Best lender for focused service for veterans and service members.

  • Bank of America: Best lender for up to 100% of the appraised value of the home.

  • Caliber Home Loans: Best lender for a first-time homebuyer program.

  • Chase: Best for up to $3,000 at closing with the Chase Homebuyer grant and completion of a homebuyer education course.

  • Guild Mortgage: Best lender for loans for up to $3 million.

  • loanDepot: Best lender for waived lender fees on future refinancing.

  • PrimeLending: Best lender with a closing cost assistance program.

  • Quicken Loans: Best lender for good customer satisfaction ratings.

Methodology: U.S. News conducted an in-depth review of leading direct mortgage lenders in Wisconsin. Research was based on program availability, customer satisfaction ratings and qualification requirements. Because each consumer has different needs, the top finishers in several key areas were chosen.

Best lender for focused service for veterans and service members.

Veterans United Home Loans provides mortgages to veterans and military families in all 50 states and Washington, D.C., and specializes in VA loans. In 2019, Veterans United Home Loans generated the largest number of VA loans in the nation.

Before You Apply

  • Mortgage types: ARMs, conventional, FHA, refinance, USDA and VA
  • Minimum FICO credit score: 660
  • Maximum loan amount: $1.5 million
  • Better Business Bureau rating: A+

Best Features

  • Requires no military service

  • Sets no minimum loan amount

See full profile

Best lender for up to 100% of the appraised value of the home.

Bank of America serves roughly 66 million customers in all 50 states. The lender offers conventional, Federal Housing Administration, Department of Veterans Affairs and jumbo loans, as well as home equity lines of credit and mortgage refinancing.

Lender Highlights

  • Mortgage types: ARMs, conventional, FHA, first-time homebuyer program, home equity lines of credit, refinancing, VA
  • Minimum FICO credit score: 600
  • Maximum loan amount: $5 million
  • Better Business Bureau rating: A+

Best Features

  • Wide variety of mortgages

  • Annual percentage rate or closing cost discounts for qualifying Bank of America and Merrill Lynch clients

  • No closing costs and no annual, balance transfer and cash advance fees for HELOCs

See full profile

Best lender for a first-time homebuyer program.

Caliber Home Loans of Coppell, Texas, offers mortgages nationwide, including conventional, refinance, jumbo and adjustable-rate loans. Government-backed options are FHA, USDA and VA. Caliber has been in business since 2008 and is solely focused on home loans.

Before You Apply

  • Mortgage types: conventional, FHA, jumbo, refinance, USDA and VA
  • Minimum FICO credit score: 580
  • Maximum loan amount: $3 million
  • Better Business Bureau rating: A

Best Features

  • Offers a first-time homebuyer program

  • Accepts mortgage applicants with FICO credit scores as low as 580

See full profile

Best lender for loans for up to $3 million.

Guild Mortgage, founded in 1960, specializes in home loans and serves borrowers nationwide. The lender’s full suite of products includes conventional and government-backed mortgages and home equity loans.

Before You Apply

  • Mortgage types: ARMs, conventional, FHA, jumbo, manufactured home, refinance, reverse, USDA and VA
  • Minimum FICO credit score: 600
  • Maximum loan amount: varies
  • Better Business Bureau rating: A+

Best Features

  • Receives strong customer service ratings from the Better Business Bureau

  • Offers a broad range of mortgage products

  • Provides special mortgage programs for first-time buyers and manufactured homebuyers

See full profile

Best lender for waived lender fees on future refinancing.

LoanDepot was established in 2010 and since then has financed more than $70 billion in mortgages. It offers FHA, conventional and other mortgage options. Borrowers may qualify for a loan with a FICO credit score as low as 580.

Highlights:

  • Mortgage types offered: Conventional, FHA, VA, ARM, Refinancing (conventional), Refinancing (FHA), Refinancing (VA), Home equity loans
  • Minimum FICO credit score: 500 with conditions
  • Maximum debt-to-income ratio: 43% for FHA
  • Maximum combined loan-to-value ratio: 90%
  • J.D. Power satisfaction rating: Four out of five

Best Features

  • LoanDepot mortgages have a lifetime guarantee, which means if you ever decide to refinance an existing loanDepot loan, the company will waive the lender fees and reimburse appraisal fees.

See full profile

Best lender with a closing cost assistance program.

PrimeLending is a Dallas-based mortgage lender with several mortgage loan options, including conventional loans, jumbo loans, government-backed loans and refinance loans. The lender is a subsidiary of PlainsCapital Bank.

Highlights:

  • Loan types: conventional, FHA, VA, USDA, ARM, refinancing
  • Minimum FICO Score: 600
  • Maximum loan-to-value ratio: not disclosed
  • Maximum debt-to-income ratio: 43%
  • Total closing costs: 2% to 6% of loan amount
  • Equity required: not disclosed
  • J.D. Power Satisfaction rating: not rated

Best Features

  • Offers a wide variety of mortgage loans.

  • Provides mortgage loans nationwide.

  • Helps with closing costs.

See full profile

Best lender for good customer satisfaction ratings.

Quicken Loans is a nationwide mortgage lender with several mortgage options. Known for customer service, the lender has an A+ Better Business Bureau rating and received a rating of five (among the best) in the 2018 U.S. Primary Mortgage Origination Satisfaction Study.

Highlights:

  • Mortgage types offered: ARM, FHA, VA, Refinancing (FHA), USDA, Conventional, Refinancing (conventional)
  • Minimum FICO credit score: 580 (FHA), other loans vary
  • Maximum debt-to-income ratio: 60%
  • J.D. Power satisfaction rating: Five out of five

Best Features

  • Complete loan process available online.

  • Wide variety of mortgage products.

  • Good customer service ratings.

See full profile

Mortgage Calculator

Is your dream home within reach? U.S. News’ mortgage calculator will show you how much house you can afford.

What Are the Mortgage Rates in Wisconsin?

Wisconsin homebuyers can get mortgage interest tax credits and help with down payments and closing costs from these programs.

  • Available to: All homebuyers with good credit and income to support a mortgage payment buying a property that will be their primary residence.
  • Income limits: Vary by county.
  • First-time homebuyers only?: No.
  • Loan options: 30-year fixed-rate mortgages.
  • Down payment and closing cost assistance: Yes.

  • Available to: Borrowers with a minimum 640 credit score and sufficient income to support the monthly mortgage payment and other debt payments.
  • Income limits: Vary by county.
  • First-time homebuyers only?: No.
  • Loan options: 30-year fixed-rate mortgages.
  • Down payment and closing cost assistance: No, but there is no minimum borrower contribution, so homebuyers can use gifted funds for the down payment.

  • Available to: Borrowers who wish to buy and renovate a home with one loan may finance all costs associated with the renovation, including six months of mortgage payments if they are unable to occupy the home during renovation.
  • Income limits: Vary by county.
  • First-time homebuyers only?: No.
  • Loan options: 30-year fixed-rate mortgages.
  • Down payment and closing cost assistance: Can be combined with Wisconsin down payment assistance programs.

  • Available to: First-time home buyers, veterans or people purchasing in a federally designated target area can get a fixed-rate mortgage priced below the standard conventional interest rate.
  • Income limits: Vary by county.
  • First-time homebuyers only?: No.
  • Loan options: 30-year fixed-rate mortgages.
  • Down payment and closing cost assistance: Yes.

  • Available to: Military veterans with an honorable discharge or release who qualify for a WHEDA Conventional Advantage loan can qualify for a reduced home loan interest rate.
  • Income limits: Vary by county.
  • First-time homebuyers only?: No.
  • Loan options: 30-year fixed-rate mortgages.
  • Down payment and closing cost assistance: Yes.

  • Available to: Qualified borrowers eligible for a WHEDA loan.
  • Income limits: Vary by county.
  • First-time homebuyers only?: No.
  • Loan options: 30-year fixed-rate mortgages.
  • Benefit: Claim an annual tax credit of 25% (or 40% for target areas or qualified veterans). The maximum annual tax credit is $2,000.

  • Available to: Borrowers who qualify for a WHEDA Advantage mortgage.
  • Income limits: Vary by county.
  • First-time homebuyers only?: No.
  • Loan options: 30-year fixed-rate mortgages.
  • Down payment and closing cost assistance: Get a 0% annual percentage rate second mortgage with no monthly payments until the first mortgage is paid.

  • Available to: Borrowers who qualify for a WHEDA Advantage mortgage.
  • Income limits: Vary by county.
  • First-time homebuyers only?: No.
  • Loan options: 30-year fixed-rate mortgages.
  • Down payment and closing cost assistance: A low-cost, fixed interest rate for 10 years to cover down payment and closing costs.

Advertising Disclosure: Some of the loan offers on this site are from companies
who are advertising clients of U.S. News. Advertising considerations may impact
where offers appear on the site but do not affect any editorial decisions,
such as which loan products we write about and how we evaluate them. This site
does not include all loan companies or all loan offers available in the marketplace.



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