Wisconsin Mortgage Corporation Rates, Fees & Info
BROOKFIELD, WILEI: 549300S4QGNTM8G5J005
Tax ID: 39-1460253
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Mortgage Data
Review & Overview
Wisconsin Mortgage Corporation is a smaller mortgage company specializing in Home Purchase loans. Wisconsin Mortgage Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Milwaukee, Racine, Janesville, Whitewater, and Sheboygan among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)Wisconsin Mortgage Corporation has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Wisconsin Mortgage Corporation is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.61% | 12/16/24 |
| 30 Year Conventional Refi | 6.55% | 12/16/24 |
| 30 Year Cash-out Refi | 6.39% | 12/16/24 |
| 30 Year FHA Purchase | 7.18% | 12/16/24 |
| 30 Year VA Purchase | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 6.37% | 12/16/24 |
| 15 Year Conventional Refi | 6.20% | 12/16/24 |
| 15 Year Cash-out Refi | 6.20% | 12/16/24 |
| 15 Year FHA Refi | 5.68% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Wisconsin Mortgage Corporation Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
356Origination Dollar Volume (All Markets)
$91,570,000Awards
WISCONSIN MORTGAGE CORPORATION - 2023
WISCONSIN MORTGAGE CORPORATION is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Wisconsin Mortgage Corporation's average 30 year fixed mortgage rate was
6.72%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.24%.
Relative Fees (Closing Costs)
Wisconsin Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,811.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 256 | $70,320,000 | $274,688 | $3,835 | 6.68% |
| RACINE, WI (FHA|USDA|VA) | 22 | $5,380,000 | $244,545 | $3,299 | 6.64% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 16 | $2,790,000 | $174,375 | $3,241 | 6.50% |
| Whitewater, WI (FHA|USDA|VA) | 10 | $2,640,000 | $264,000 | $3,383 | 7.00% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 10 | $2,200,000 | $220,000 | $3,519 | 6.76% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 8 | $1,950,000 | $243,750 | $3,770 | 7.09% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 6 | $1,250,000 | $208,333 | $2,974 | 6.40% |
| Beaver Dam, WI (FHA|USDA|VA) | 8 | $1,180,000 | $147,500 | $2,902 | 6.47% |
| Outside of Metro Areas | 6 | $1,130,000 | $188,333 | $3,661 | 7.06% |
| FOND DU LAC, WI (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $3,085 | 7.54% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $2,751 | 6.81% |
| MADISON, WI (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $4,336 | 6.58% |
| Marinette, WI-MI (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $2,696 | 7.17% |
| Manitowoc, WI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,520 | 7.50% |
| Menomonie, WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,885 | 6.38% |
| Stevens Point, WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,769 | 6.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against WISCONSIN MORTGAGE CORPORATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 18
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 308 | $78,820,000 | $255,909 | $3,112 | 6.71% |
| FHA | 35 | $9,155,000 | $261,571 | $7,528 | 6.72% |
| VA | 13 | $3,595,000 | $276,538 | $7,414 | 6.54% |
For 2023, Wisconsin Mortgage Corporation's most frequently originated type of loan was Conventional, with 308 originations. Their 2nd most popular type was FHA, with 35 originations.
Loan Reason
For 2023, Wisconsin Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 348 originations. The 2nd most popular reason was Refi, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 340 | $89,010,000 | $261,794 | $3,811 | 6.72% |
| 10 Year | 8 | $40,000 | $5,000 | $0 | 6.36% |
| 15 Year | 8 | $2,520,000 | $315,000 | $2,824 | 6.39% |
For 2023, Wisconsin Mortgage Corporation's most frequently cited loan duration was 30 Year, with 340 originations. The 2nd most popular length was 10 Year, with 8 originations.
Origination Fees/Closing Costs
Wisconsin Mortgage Corporation's average total fees were $3,811, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 245 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 206 | $54,520,000 | $264,660 |
| 7-8% | 96 | $26,720,000 | $278,333 |
| 5-6% | 49 | $8,715,000 | $177,857 |
| Over 8% | 4 | $1,610,000 | $402,500 |
| <2.5% | 1 | $5,000 | $5,000 |
During 2023, Wisconsin Mortgage Corporation's average interest rate for loans was 6.72%, while their most frequently originated rate bucket for loans was 6-7%, with 206 originations.
Loan Sizing
2023 saw Wisconsin Mortgage Corporation place emphasis on $200k-400k loans with 182 originations, totaling $50,950,000 in origination value.
Applicant Income
Wisconsin Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 104 originations. The second most popular income band? $50k-75k, with 77 originations.
Applicant Debt to Income Ratio
Wisconsin Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 77 originations. The next most common DTI ratio? 20-30%, with 60 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.32%
Wisconsin Mortgage Corporation has an average approval rate.
Pick Rate
Approvals leading to origination78.93%
Wisconsin Mortgage Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 356 | $91,570,000 | $257,219 |