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, Beaver Dam, and Sheboygan among others. We have data for 17 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

    1,210

    Origination Dollar Volume (All Markets)

    $291,670,000
    Show all (9) 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) 872 $220,210,000 $252,534 $2,794 2.98%
    RACINE, WI (FHA|USDA|VA) 72 $15,230,000 $211,528 $2,883 2.98%
    Whitewater, WI (FHA|USDA|VA) 44 $11,200,000 $254,545 $2,846 3.05%
    Beaver Dam, WI (FHA|USDA|VA) 36 $8,590,000 $238,611 $3,228 3.01%
    SHEBOYGAN, WI (FHA|USDA|VA) 35 $7,285,000 $208,143 $3,049 2.90%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 37 $6,555,000 $177,162 $2,939 2.89%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 29 $6,235,000 $215,000 $3,391 2.97%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 35 $6,155,000 $175,857 $2,747 3.04%
    FOND DU LAC, WI (FHA|USDA|VA) 13 $2,465,000 $189,615 $2,747 2.82%
    Outside of Metro Areas 14 $2,420,000 $172,857 $2,312 3.11%
    MADISON, WI (FHA|USDA|VA) 8 $1,930,000 $241,250 $3,449 2.91%
    APPLETON, WI (FHA|USDA|VA) 4 $980,000 $245,000 $2,934 3.03%
    Shawano, WI (FHA|USDA|VA) 2 $610,000 $305,000 $2,222 3.13%
    Manitowoc, WI (FHA|USDA|VA) 3 $565,000 $188,333 $2,248 3.13%
    Marinette, WI-MI (FHA|USDA|VA) 3 $555,000 $185,000 $2,300 3.38%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 2 $370,000 $185,000 $1,946 3.00%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $315,000 $315,000 $9,394 2.63%
    Wisconsin Mortgage Corporation's top markets include Milwaukee, Racine, Whitewater, Beaver Dam, and Sheboygan 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.

    First Savings Bank of Hegewisch
    Similarity Rank: 45
    Fox Valley Savings Bank
    Similarity Rank: 96
    Liberty Bank for Savings
    Similarity Rank: 153
    Badger Bank
    Similarity Rank: 231
    Bank of Deerfield
    Similarity Rank: 360
    UNITEDONE Credit Union
    Similarity Rank: 396
    SENB Bank
    Similarity Rank: 396
    First Community Credit Union
    Similarity Rank: 468
    The Bank of New Glarus
    Similarity Rank: 551
    NORTHWESTERN MUTUAL
    Similarity Rank: 670

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 975 $237,205,000 $243,287 $2,411 3.05%
    FHA 133 $28,245,000 $212,368 $5,237 2.72%
    VA 92 $24,110,000 $262,065 $3,666 2.64%
    USDA 10 $2,110,000 $211,000 $4,988 2.70%

    For 2021, Wisconsin Mortgage Corporation's most frequently originated type of loan was Conventional, with 975 originations. Their 2nd most popular type was FHA, with 133 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 856 $208,880,000 $244,019 $3,004 3.01%
    Refi 279 $66,205,000 $237,294 $2,278 2.85%
    Cash Out Refi 65 $14,655,000 $225,462 $3,019 3.09%
    Home Improvement 10 $1,930,000 $193,000 $3,076 3.41%

    For 2021, Wisconsin Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 856 originations. The 2nd most popular reason was Refi, with 279 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,071 $264,095,000 $246,587 $2,930 3.02%
    15 Year 95 $20,225,000 $212,895 $2,326 2.56%
    20 Year 24 $5,300,000 $220,833 $2,217 3.04%
    10 Year 15 $1,015,000 $67,667 $773 2.91%
    Other 5 $1,035,000 $207,000 $1,970 3.03%

    For 2021, Wisconsin Mortgage Corporation's most frequently cited loan duration was 30 Year, with 1,071 originations. The 2nd most popular length was 15 Year, with 95 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 883 $216,695,000 $245,408
    $1k-2k 269 $58,075,000 $215,892
    $2k-3k 35 $9,555,000 $273,000
    $3k-4k 14 $3,890,000 $277,857
    $5k+ 5 $1,975,000 $395,000
    $4k-5k 4 $1,480,000 $370,000

    Wisconsin Mortgage Corporation's average total fees were $2,930, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 883 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 621 $152,175,000 $245,048
    3-4% 420 $102,010,000 $242,881
    <2.5% 147 $33,695,000 $229,218
    4-5% 22 $3,790,000 $172,273

    During 2021, Wisconsin Mortgage Corporation's average interest rate for loans was 3.02%, while their most frequently originated rate bucket for loans was 2.5-3%, with 621 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 620 $170,060,000 $274,290 $2,983 2.97%
    $100k-200k 434 $67,890,000 $156,429 $2,736 2.97%
    $400k-600k 100 $47,520,000 $475,200 $2,784 3.01%
    $100,000 or less 52 $3,460,000 $66,538 $1,856 3.16%
    $600k-1MM 4 $2,740,000 $685,000 $5,553 3.25%

    2021 saw Wisconsin Mortgage Corporation place emphasis on $200k-400k loans with 620 originations, totaling $170,060,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 295 $57,605,000 $195,271 $2,834 2.97%
    $100k-150k 273 $78,525,000 $287,637 $2,862 3.03%
    $75k-100k 259 $62,345,000 $240,714 $2,979 2.98%
    $50k or less 199 $33,085,000 $166,256 $2,697 2.91%
    $150k-250k 139 $45,725,000 $328,957 $2,860 2.98%
    $250k+ 42 $13,730,000 $326,905 $2,509 3.13%

    Wisconsin Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 295 originations. The second most popular income band? $100k-150k, with 273 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 324 $76,610,000 $236,451 $2,511 2.99%
    30-36% 232 $55,340,000 $238,534 $2,890 3.01%
    <20% 107 $25,665,000 $239,860 $2,383 2.90%
    42% 50 $12,840,000 $256,800 $2,866 3.01%
    39% 48 $12,290,000 $256,042 $2,663 3.03%
    37% 47 $11,475,000 $244,149 $3,254 2.93%
    38% 46 $10,780,000 $234,348 $3,319 3.08%
    44% 42 $10,500,000 $250,000 $3,326 2.98%
    43% 39 $9,305,000 $238,590 $2,584 3.06%
    45% 37 $9,705,000 $262,297 $3,692 2.96%
    40% 35 $8,975,000 $256,429 $2,935 2.91%
    41% 32 $7,120,000 $222,500 $2,577 3.05%
    36% 31 $8,455,000 $272,742 $3,037 3.02%
    49% 25 $6,235,000 $249,400 $3,367 2.99%
    46% 24 $5,160,000 $215,000 $4,006 2.98%
    48% 24 $5,510,000 $229,583 $3,112 2.99%
    47% 23 $4,705,000 $204,565 $3,431 3.21%
    50-60% 14 $3,270,000 $233,571 $5,272 2.95%

    Wisconsin Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 324 originations. The next most common DTI ratio? 30-36%, with 232 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,055 $251,895,000 $238,763 $2,787 2.98%
    Not provided 71 $19,865,000 $279,789 $3,159 3.03%
    Black 43 $8,915,000 $207,326 $3,246 3.00%
    Asian 26 $7,420,000 $285,385 $2,575 2.97%
    American Indian 13 $3,115,000 $239,615 $3,769 2.80%
    Other Asian 2 $460,000 $230,000 $6,768 2.56%

    Approval Rates

    Total approvals of all applications
    93.68%

    Wisconsin Mortgage Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.20%

    Wisconsin Mortgage Corporation has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,210 $291,670,000 $241,050

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,210 $291,670,000 $241,050

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $2,170,000 $135,625 $2,160 2.81%
    40-60% 111 $21,355,000 $192,387 $2,218 2.83%
    60-80% 414 $106,050,000 $256,159 $2,500 3.08%
    80-100% 650 $159,870,000 $245,954 $3,171 2.95%
    Over 100% 7 $1,925,000 $275,000 $7,750 2.57%
    Under 20% 12 $300,000 $25,000 $207 3.10%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Conventional home mortgage Closing on a mortgage 1 16.7%
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Conventional home mortgage Trouble during payment process 3 50.0%
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 16.7%
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 16.7%