Wisconsin Mortgage Corporation Rates, Fees & Info

BROOKFIELD, WI

LEI: 549300S4QGNTM8G5J005

Tax ID: 39-1460253

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Wisconsin Mortgage Corporation is a smaller mortgage company specializing in Home Purchase and Refi loans. Wisconsin Mortgage Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Milwaukee, Racine, Whitewater, Chicago, and Watertown among others. We have data for 21 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 about average 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% 5/4/24
    30 Year Conventional Refi 6.55% 5/4/24
    30 Year Cash-out Refi 6.39% 5/4/24
    30 Year FHA Purchase 7.18% 5/4/24
    30 Year VA Purchase 6.27% 5/4/24
    15 Year Conventional Purchase 6.37% 5/4/24
    15 Year Conventional Refi 6.20% 5/4/24
    15 Year Cash-out Refi 6.20% 5/4/24
    15 Year FHA Refi 5.68% 5/4/24
    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

    1,722

    Origination Dollar Volume (All Markets)

    $399,150,000
    Show all (11) awards

    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) 1,290 $313,420,000 $242,961 $2,567 3.19%
    RACINE, WI (FHA|USDA|VA) 101 $20,665,000 $204,604 $2,992 3.25%
    Whitewater, WI (FHA|USDA|VA) 72 $16,420,000 $228,056 $3,114 3.20%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 57 $10,345,000 $181,491 $2,174 3.21%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 49 $9,085,000 $185,408 $2,649 3.16%
    SHEBOYGAN, WI (FHA|USDA|VA) 30 $6,060,000 $202,000 $2,426 3.09%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 33 $6,015,000 $182,273 $2,988 3.05%
    Beaver Dam, WI (FHA|USDA|VA) 28 $5,190,000 $185,357 $2,597 3.16%
    FOND DU LAC, WI (FHA|USDA|VA) 16 $2,640,000 $165,000 $3,113 3.23%
    MADISON, WI (FHA|USDA|VA) 9 $2,205,000 $245,000 $2,195 3.39%
    Outside of Metro Areas 10 $1,850,000 $185,000 $2,659 2.95%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 5 $1,235,000 $247,000 $2,193 3.20%
    GREEN BAY, WI (FHA|USDA|VA) 5 $1,065,000 $213,000 $2,401 2.90%
    APPLETON, WI (FHA|USDA|VA) 5 $735,000 $147,000 $1,579 2.80%
    Manitowoc, WI (FHA|USDA|VA) 4 $730,000 $182,500 $2,765 2.94%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 2 $410,000 $205,000 $2,474 3.19%
    Stevens Point, WI (FHA|USDA|VA) 2 $360,000 $180,000 $2,036 2.94%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $265,000 $265,000 $1,515 3.13%
    Baraboo, WI (FHA|USDA|VA) 1 $225,000 $225,000 $5,305 2.75%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $165,000 $165,000 $2,069 3.50%
    Shawano, WI (FHA|USDA|VA) 1 $65,000 $65,000 $2,843 3.63%
    Wisconsin Mortgage Corporation's top markets include Milwaukee, Racine, Whitewater, Chicago, and Watertown among others.

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

    • 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.

    Glenview State Bank
    Similarity Rank: 312
    Liberty Bank for Savings
    Similarity Rank: 312
    The Park Bank
    Similarity Rank: 338
    UNITEDONE Credit Union
    Similarity Rank: 442
    Empower Credit Union
    Similarity Rank: 459
    Hometown Bank
    Similarity Rank: 624
    CROWN MORTGAGE COMPANY
    Similarity Rank: 627
    Oregon Community Bank
    Similarity Rank: 638
    AMERITRUST MORTGAGE CORPORATION
    Similarity Rank: 648
    Horicon Bank
    Similarity Rank: 680

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,401 $329,305,000 $235,050 $2,235 3.23%
    FHA 183 $36,365,000 $198,716 $4,875 2.99%
    VA 123 $30,705,000 $249,634 $3,328 2.97%
    USDA 15 $2,775,000 $185,000 $4,210 3.07%

    For 2020, Wisconsin Mortgage Corporation's most frequently originated type of loan was Conventional, with 1,401 originations. Their 2nd most popular type was FHA, with 183 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,104 $249,130,000 $225,661 $2,788 3.18%
    Refi 537 $131,885,000 $245,596 $2,211 3.18%
    Cash Out Refi 74 $16,170,000 $218,514 $2,874 3.34%
    Home Improvement 7 $1,965,000 $280,714 $2,315 3.16%

    For 2020, Wisconsin Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 1,104 originations. The 2nd most popular reason was Refi, with 537 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,520 $363,670,000 $239,257 $2,714 3.21%
    15 Year 113 $23,575,000 $208,628 $2,171 2.86%
    20 Year 45 $9,375,000 $208,333 $2,183 3.24%
    10 Year 37 $775,000 $20,946 $273 3.05%
    Other 7 $1,755,000 $250,714 $2,310 3.21%

    For 2020, Wisconsin Mortgage Corporation's most frequently cited loan duration was 30 Year, with 1,520 originations. The 2nd most popular length was 15 Year, with 113 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,286 $298,090,000 $231,796
    $1k-2k 368 $80,840,000 $219,674
    $2k-3k 46 $12,010,000 $261,087
    $3k-4k 12 $4,270,000 $355,833
    $5k+ 6 $2,950,000 $491,667
    $4k-5k 4 $990,000 $247,500

    Wisconsin Mortgage Corporation's average total fees were $2,714, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,286 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,024 $245,430,000 $239,678
    2.5-3% 592 $132,060,000 $223,074
    <2.5% 82 $16,630,000 $202,805
    4-5% 24 $5,030,000 $209,583

    During 2020, Wisconsin Mortgage Corporation's average interest rate for loans was 3.21%, while their most frequently originated rate bucket for loans was 3-4%, with 1,024 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 849 $231,975,000 $273,233 $2,758 3.18%
    $100k-200k 613 $96,315,000 $157,121 $2,611 3.16%
    $400k-600k 131 $59,795,000 $456,450 $2,432 3.23%
    $100,000 or less 125 $7,695,000 $61,560 $1,708 3.25%
    $600k-1MM 4 $3,370,000 $842,500 $4,886 3.88%

    2020 saw Wisconsin Mortgage Corporation place emphasis on $200k-400k loans with 849 originations, totaling $231,975,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 438 $81,310,000 $185,639 $2,649 3.19%
    $100k-150k 400 $107,420,000 $268,550 $2,668 3.21%
    $75k-100k 345 $79,385,000 $230,101 $2,788 3.19%
    $50k or less 280 $41,780,000 $149,214 $2,425 3.10%
    $150k-250k 208 $70,350,000 $338,221 $2,437 3.24%
    $250k+ 50 $18,660,000 $373,200 $2,341 3.14%

    Wisconsin Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 438 originations. The second most popular income band? $100k-150k, with 400 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 483 $113,875,000 $235,766 $2,479 3.17%
    30-36% 321 $75,045,000 $233,785 $2,622 3.20%
    <20% 179 $41,415,000 $231,369 $2,221 3.14%
    37% 79 $18,255,000 $231,076 $2,652 3.20%
    36% 72 $16,420,000 $228,056 $2,617 3.27%
    40% 61 $13,605,000 $223,033 $2,716 3.18%
    44% 57 $13,565,000 $237,982 $2,853 3.25%
    41% 57 $13,775,000 $241,667 $2,506 3.24%
    43% 53 $12,145,000 $229,151 $2,585 3.26%
    38% 50 $12,120,000 $242,400 $2,956 3.28%
    39% 46 $10,790,000 $234,565 $2,721 3.21%
    42% 44 $8,620,000 $195,909 $2,582 3.17%
    45% 39 $7,515,000 $192,692 $3,203 3.27%
    47% 37 $8,155,000 $220,405 $3,730 3.18%
    46% 29 $5,825,000 $200,862 $2,672 3.30%
    48% 28 $6,360,000 $227,143 $2,857 3.12%
    49% 27 $6,055,000 $224,259 $3,567 3.12%
    50-60% 16 $3,570,000 $223,125 $4,887 3.00%
    >60% 2 $1,170,000 $585,000 $6,960 3.75%

    Wisconsin Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 483 originations. The next most common DTI ratio? 30-36%, with 321 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,560 $362,170,000 $232,160 $2,594 3.19%
    Not provided 58 $13,780,000 $237,586 $2,568 3.18%
    Asian 54 $13,760,000 $254,815 $2,698 3.23%
    Black 43 $7,355,000 $171,047 $3,100 3.09%
    American Indian 3 $895,000 $298,333 $2,193 3.33%
    Native Hawaiian or Islander 2 $490,000 $245,000 $2,989 3.44%
    Chinese 1 $355,000 $355,000 $2,100 3.13%
    Asian Indian 1 $345,000 $345,000 $6,343 3.00%

    Approval Rates

    Total approvals of all applications
    94.43%

    Wisconsin Mortgage Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.81%

    Wisconsin Mortgage Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,722 $399,150,000 $231,794

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,722 $399,150,000 $231,794

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $3,265,000 $130,600 $1,989 3.07%
    40-60% 133 $24,845,000 $186,805 $2,129 3.08%
    60-80% 549 $136,975,000 $249,499 $2,284 3.25%
    80-100% 964 $229,350,000 $237,915 $2,867 3.18%
    Over 100% 17 $4,395,000 $258,529 $8,222 2.97%
    Under 20% 34 $320,000 $9,412 $122 3.07%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Wisconsin Housing and Economic Development Authority FHA mortgage Struggling to pay mortgage 1 100.0%