Wisconsin Mortgage Corporation Rates, Fees & Info

BROOKFIELD, WI

LEI: 549300S4QGNTM8G5J005

Tax ID: 39-1460253

5 stars - Updated: 12/6/24 - out of 5 stars, based on 19 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.61% 12/6/24
30 Year Conventional Refi 6.55% 12/6/24
30 Year Cash-out Refi 6.39% 12/6/24
30 Year FHA Purchase 7.18% 12/6/24
30 Year VA Purchase 6.27% 12/6/24
15 Year Conventional Purchase 6.37% 12/6/24
15 Year Conventional Refi 6.20% 12/6/24
15 Year Cash-out Refi 6.20% 12/6/24
15 Year FHA Refi 5.68% 12/6/24
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

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Wisconsin Mortgage Corporation. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

356

Origination Dollar Volume (All Markets)

$91,570,000

Awards

WISCONSIN MORTGAGE CORPORATION FHA Loans silver WISCONSIN MORTGAGE CORPORATION 30 Year Conventional Loans silver WISCONSIN MORTGAGE CORPORATION FHA Loans silver WISCONSIN MORTGAGE CORPORATION VA Loans bronze
Show all (4) awards

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%
Wisconsin Mortgage Corporation's top markets include Milwaukee, Racine, Janesville, Whitewater, and Sheboygan among others.

Their top states include:
  • Wisconsin (FHA|USDA|VA)
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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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 348 $90,290,000 $259,454 $3,723 6.71%
    Refi 5 $1,005,000 $201,000 $2,970 6.25%
    Cash Out Refi 3 $275,000 $91,667 $2,659 6.88%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 245 $60,565,000 $247,204
    $<1k 42 $8,940,000 $212,857
    $2k-3k 30 $8,400,000 $280,000
    $4k-5k 18 $6,930,000 $385,000
    $3k-4k 14 $3,940,000 $281,429
    $5k+ 7 $2,795,000 $399,286

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 182 $50,950,000 $279,945 $3,992 6.80%
    $100k-200k 101 $15,835,000 $156,782 $3,065 6.51%
    $400k-600k 42 $19,390,000 $461,667 $5,017 6.95%
    $100,000 or less 25 $1,325,000 $53,000 $1,738 6.27%
    $600k-1MM 6 $4,070,000 $678,333 $4,685 6.83%

    2023 saw Wisconsin Mortgage Corporation place emphasis on $200k-400k loans with 182 originations, totaling $50,950,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 104 $29,240,000 $281,154 $4,344 6.86%
    $50k-75k 77 $13,515,000 $175,519 $3,326 6.37%
    $75k-100k 71 $15,935,000 $224,437 $3,377 6.74%
    $150k-250k 61 $23,165,000 $379,754 $3,968 6.93%
    $50k or less 28 $3,100,000 $110,714 $2,463 6.25%
    $250k+ 15 $6,615,000 $441,000 $3,985 7.03%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 77 $20,385,000 $264,740 $3,407 6.73%
    20-30% 60 $15,390,000 $256,500 $3,328 6.67%
    38% 22 $5,730,000 $260,455 $4,572 6.64%
    39% 18 $3,450,000 $191,667 $3,123 6.24%
    <20% 17 $3,885,000 $228,529 $3,328 6.55%
    40% 17 $4,575,000 $269,118 $3,480 6.81%
    45% 16 $4,580,000 $286,250 $4,452 6.73%
    37% 15 $3,875,000 $258,333 $3,153 6.72%
    36% 15 $4,125,000 $275,000 $3,161 6.83%
    43% 15 $3,915,000 $261,000 $3,377 6.94%
    41% 14 $3,590,000 $256,429 $3,455 6.96%
    42% 12 $3,060,000 $255,000 $4,294 6.78%
    46% 12 $2,570,000 $214,167 $3,608 6.69%
    49% 11 $2,585,000 $235,000 $4,463 6.61%
    44% 11 $3,635,000 $330,455 $3,936 6.65%
    47% 10 $2,880,000 $288,000 $4,174 6.91%
    48% 10 $2,310,000 $231,000 $5,236 6.44%
    50-60% 4 $1,030,000 $257,500 $9,379 6.97%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 299 $75,895,000 $253,829 $3,562 6.72%
    Not provided 25 $8,365,000 $334,600 $5,652 6.82%
    Asian 15 $4,285,000 $285,667 $3,574 6.70%
    Black 10 $1,470,000 $147,000 $3,905 5.85%
    American Indian 6 $1,200,000 $200,000 $2,691 6.96%
    Asian Indian 1 $355,000 $355,000 $3,388 6.13%

    Approval Rates

    Total approvals of all applications
    93.32%

    Wisconsin Mortgage Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.93%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    356 $91,570,000 $257,219

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $1,670,000 $167,000 $2,673 6.58%
    40-60% 23 $5,895,000 $256,304 $3,381 6.39%
    60-80% 109 $28,265,000 $259,312 $3,192 6.76%
    80-100% 199 $53,625,000 $269,472 $4,004 6.77%
    Over 100% 6 $2,070,000 $345,000 $11,554 6.33%
    Under 20% 9 $45,000 $5,000 $0 5.65%