Sat. Nov 28th, 2020

Looking to get down to real estate roots in Badger State? With 2.7 million housing units And the homeownership rate of 67% according to the US Census Bureau 2018 American Community Survey, You are in good company.

The state’s average housing price is $ 188,500, which falls below the national average of $ 229,700. However, the value of homes in Wisconsin counties is slightly more expensive than the national average.

What are mortgage rates in Wisconsin?

Average interest rate for a 30 year fixed rate Customizing Mortgage in Wisconsin 3.03%.

House interest rates Range from 2.63% Service 4% In Wisconsin.

What are today’s mortgage rates?

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

Loan type

Rate of this week

Last week rate

30-Year Fixed Rate Mortgage 3.01% 3.03%
15-Year Fixed Rate Mortgage 2.58% 2.56%
30-Year Fixed-Rate Jumbo Mortgage 3.03% 3.09%
5/1 ARM 3.04% 3.06%
5/1 Jumbo ARM 2.86% 2.87%

* Rates up to October 28, 2020

US News’ Best Wisconsin Mortgage Lender

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

Best for va loan

Giants United Home Loans provides mortgages to veterans and military families in all 50 states and Washington, DC, and specializes in VA loans. In 2019, Veterans United Home Loan generated the largest VA loan in the nation.

Before you apply

  • Mortgage Type: ARM, Traditional, FHA, Refinance, USDA and VA
  • Minimum FICO Credit Score: 660
  • Maximum loan amount: $ 1.5 million
  • Better Business Bureau Rating: A +

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  • No military service required

  • No minimum loan amount set

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Best for large loan amount

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

Lender highlights

  • Mortgage Type: ARM, traditional, FHA, first time homebuyer program, home equity lines of credit, refinance, VA
  • Minimum FICO Credit Score: 600
  • Maximum loan amount: $ 5 million
  • Better Business Bureau Rating: A +

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  • Different types of mortgages

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

  • No closing costs and no annual cash balance fees for balance transfers and HELOCs

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Best for online service

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

Before you apply

  • Mortgage Type: Traditional, FHA, Jumbo, Refinance, USDA and VA
  • Minimum FICO Credit Score: 580
  • Maximum loan amount: $ 3 million
  • Better Business Bureau Rating: a

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  • Homebuyer offers programs for the first time

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

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Best for low cost

Chase, one of the largest banks in the country, offers mortgage and refinance loans to qualified borrowers. Home equity loans and HELOC are also available.

Before you apply

  • Mortgage Type Offered: ARM, Traditional, FHA, Jumbo, Refinance and VA
  • Minimum FICO Credit Score: 620
  • Maximum loan amount: $ 3 million
  • Better Business Bureau Rating: A +

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  • Accepts up to 3% down payment

  • Receives high marks from Better Business Bureau

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Best for product selection

Guild Mortgage, established in 1960, specializes in home loans and serves lenders around the country. The complete lender of products includes traditional and government-backed mortgages and home equity loans.

Before you apply

  • Mortgage Type: ARM, Traditional, FHA, Jumbo, Manufactured Homes, Refinance, Reverse, USDA & VA
  • Minimum FICO Credit Score: 600
  • Maximum loan amount: Different
  • Better Business Bureau Rating: A +

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  • Receives strong customer service rating from Better Business Bureau

  • Offers a wide range of mortgage products

  • Offers exclusive mortgage programs for first time buyers and manufactured homebuyers

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Best for customer service

LoanDepot was founded in 2010 and has since funded over $ 70 billion in mortgages. It offers FHA, traditional and other mortgage options. Borrowers with a FICO credit score as low as 580 may qualify for a loan.

main characteristics:

  • Mortgage Type Offered: Traditional, FHA, VA, ARM, Refinance (Conventional), Refinance (FHA), Refinance (VA), Home Equity Loan
  • Minimum FICO Credit Score: 500 with conditions
  • Maximum debt-to-income ratio: 43% for FHA
  • Maximum combined debt-to-value ratio: 90%
  • JD Power Satisfaction Rating: Four out of five

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  • LoanDepot mortgages have a lifetime guarantee, meaning that if you ever decide to refinance an existing LoanDepot loan, the company will waive the lender fee and reimburse the appraisal fee.

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Best for online service

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

main characteristics:

  • Loan Type: Traditional, FHA, VA, USDA, ARM, Refinance
  • Minimum FICO Score: 600
  • Maximum debt-to-value ratio: Not disclosed
  • Maximum debt-to-income ratio: 43%
  • Total Closing Cost: 2% to 6% of the loan amount
  • Equity required: Not disclosed
  • JD Power Satisfaction Rating: Not rated

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  • Offers various types of mortgage loans.

  • Nationwide provides mortgage loans.

  • Helps with closing costs.

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Best for product availability

Quick Loan 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 (out of the best) in the 2018 US Primary Mortgage Organization Satisfaction Study.

Highlight:

  • Mortgage Type Offered: ARM, FHA, VA, Refinance (FHA), USDA, Traditional, Refinance (Traditional)
  • Minimum FICO Credit Score: 580 (FHA), other loans vary
  • Maximum debt-to-income ratio: 60%
  • JD Power Satisfaction Rating: Five out of five

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  • The complete loan procedure is available online.

  • Wide variety of mortgage products.

  • Good customer service rating.

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mortgage calculator

Are you reaching your dream home? US News’ mortgage calculator will show you how much home you can buy.

What are mortgage rates in Wisconsin?

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

  • available to: All homebuyers with good credit and income support a mortgage payment to purchase a property that will be their primary residence.
  • Income Range: Different from county.
  • First time homebuyers ?: No.
  • Loan Options: 30-Year Fixed Rate Mortgage.
  • Payment and closing cost assistance: Yes.

  • available to: Borrowers with a minimum 640 credit score and sufficient income to support monthly mortgage payments and other loan payments.
  • Income Range: Different from county.
  • First time homebuyers ?: No.
  • Loan Options: 30-Year Fixed Rate Mortgage.
  • Payment and closing cost assistance: No, but there is no minimum borrower contribution, so homebuyers can use gifted funds for a down payment.

  • available to: Borrowers wishing to purchase and renovate a home with a loan can finance all costs associated with the renovation, including a six-month mortgage payment if they are unable to occupy the home during the renovation.
  • Income Range: Different from county.
  • First time homebuyers ?: No.
  • Loan Options: 30-Year Fixed Rate Mortgage.
  • Payment and closing cost assistance: Can be combined with Wisconsin down payment assistance programs.

  • available to: First time homebuyers, experienced or people shopping in a federally designated target area can get a fixed rate mortgage at a price lower than the standard interest rate.
  • Income Range: Different from county.
  • First time homebuyers ?: No.
  • Loan Options: 30-Year Fixed Rate Mortgage.
  • Payment and closing cost assistance: Yes.

  • available to: Military veterans with a respectable leave or release who qualify for a WHEDA Conventional Benefit Loan may qualify for a lower home loan interest rate.
  • Income Range: Different from county.
  • First time homebuyers ?: No.
  • Loan Options: 30-Year Fixed Rate Mortgage.
  • Payment and closing cost assistance: Yes.

  • available to: Eligible borrowers are eligible for a white loan.
  • Income Range: Different from county.
  • First time homebuyers ?: No.
  • Loan Options: 30-Year Fixed Rate Mortgage.
  • profit: Claim an annual tax credit of 25% (or 40% for targeted areas or eligible veterans). The maximum annual tax credit is $ 2,000.

  • available to: Borrowers who qualify for a WHEDA benefit mortgage.
  • Income Range: Different from county.
  • First time homebuyers ?: No.
  • Loan Options: 30-Year Fixed Rate Mortgage.
  • Payment and closing cost assistance: Until the first mortgage is paid, get a 0% annual percentage rate second mortgage with no monthly payment.

  • available to: Borrowers who qualify for a Whida Advantage mortgage.
  • Income Range: Different from county.
  • First time homebuyers ?: No.
  • Loan Options: 30-Year Fixed Rate Mortgage.
  • Payment and closing cost assistance: A low cost, fixed interest rate for 10 years to cover payment and closing costs.

Advertisement Disclosure: Some of the loan offers on this site are from companies that are advertising customers of US News. Advertising considerations can influence where offers appear on the site but do not affect any editorial decisions, such as which loan products we write about and how to evaluate them. This site does not include all loan companies or all loan offers available in the market.

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