MADISON Mortgage Rates
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Madison averaged
5.33%
for the week of 2022-05-19, compared to the national average of
5.25% for the same period.
The average rate for the prior week (2022-05-12) was
5.38% and
one month ago for the week of 2022-04-14, the
average rate was 5.08%.
Madison's average rate one year ago was 2.89%.
For refis of the same type during the week of 2022-05-19, the average rate
was 5.36%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2022-05-19 | 5.25% |
| Madison 30 Year Fixed Rate | 2022-05-19 | 5.33% |
| Madison 30 Year Fixed Rate Refi | 2022-05-19 | 5.36% |
| Madison 15 Year Fixed Rate | 2022-05-19 | 4.44% |
| Madison 15 Year Fixed Rate Refi | 2022-05-19 | 4.48% |
| Madison 30 Year FHA | 2022-05-19 | 5.31% |
| Madison 30 Year FHA Refi | 2022-05-19 | 5.12% |
| Madison 30 Year USDA | 2022-05-19 | 5.24% |
| Madison 30 Year USDA Refi | 2022-05-19 | 5.33% |
| Madison 30 Year VA | 2022-05-19 | 5.3% |
| Madison 30 Year VA Refi | 2022-05-19 | 4.86% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within MADISON, WI.
MADISON Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the MADISON, WI market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
MADISON, WI's 317 lenders originated 42,820
loans during 2021. The total origination value was $10,222,200,000, with an average loan value of
$238,725.
The top MADISON lender as defined by loan originations is University of Wisconsin Credit Union, with
2,959 loans originated. Their average total fees are
$2,673, which is $20
lower than the next largest lender,
Summit Credit Union.
The lowest fee MADISON lenders (with over 10 loans originated) are
Hometown Bank ($996), North American Savings Bank, F.S.B. ($1,222), Bank of Deerfield ($1,286), National Exchange Bank and Trust ($1,355) and Starion Bank ($1,386).
The lowest rate MADISON lenders (with over 10 loans originated) are
Morgan Stanley Private Bank (2.62%), HOMESTEAD FUNDING CORP. (2.73%), Bank of America (2.74%), Baxter Credit Union (2.75%) and The Peoples Community Bank (2.77%).
MADISON, WI Lender Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
|---|---|---|---|---|
| Summit Credit Union | $1,589,820,000 | $1,575,910,000 | -0.9% | 15.4% |
| University of Wisconsin Credit Union | $1,723,840,000 | $1,481,635,000 | -14.1% | 14.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $599,310,000 | $520,540,000 | -13.1% | 5.1% |
| The Park Bank | $299,905,000 | $394,410,000 | 31.5% | 3.9% |
| Barrington Bank & Trust Company, N.A. | $317,965,000 | $349,415,000 | 9.9% | 3.4% |
| THOMPSON KANE & COMPANY, LLC | $283,065,000 | $287,980,000 | 1.7% | 2.8% |
| State Bank of Cross Plains | $361,080,000 | $278,310,000 | -22.9% | 2.7% |
| Oregon Community Bank | $256,160,000 | $253,885,000 | -0.9% | 2.5% |
| Old National Bank | $286,740,000 | $248,470,000 | -13.3% | 2.4% |
| QUICKEN LOANS, LLC | $212,715,000 | $231,845,000 | 9.0% | 2.3% |
| Monona Bank | $281,660,000 | $218,895,000 | -22.3% | 2.1% |
| Johnson Bank | $285,980,000 | $192,600,000 | -32.7% | 1.9% |
| U.S. Bank | $215,190,000 | $182,660,000 | -15.1% | 1.8% |
| Associated Bank | $179,505,000 | $157,010,000 | -12.5% | 1.5% |
| GUILD MORTGAGE COMPANY | $166,205,000 | $153,090,000 | -7.9% | 1.5% |
| Wells Fargo Bank | $152,020,000 | $132,970,000 | -12.5% | 1.3% |
| The Bank of New Glarus | $152,650,000 | $131,415,000 | -13.9% | 1.3% |
| DMB Community Bank | $196,250,000 | $121,675,000 | -38.0% | 1.2% |
| Prosperity Home Mortgage, LLC | $120,115,000 | $116,705,000 | -2.8% | 1.1% |
| GUARANTEED RATE, INC. | $68,400,000 | $97,600,000 | 42.7% | 1.0% |
| Bank of Sun Prairie | $141,190,000 | $96,850,000 | -31.4% | 0.9% |
| NEWREZ LLC | $75,755,000 | $92,600,000 | 22.2% | 0.9% |
| Capitol Bank | $121,715,000 | $90,350,000 | -25.8% | 0.9% |
| FREEDOM MORTGAGE CORPORATION | $88,135,000 | $85,460,000 | -3.0% | 0.8% |
| BMO Harris Bank | $92,545,000 | $85,105,000 | -8.0% | 0.8% |
| INLANTA MORTGAGE, INC. | $98,210,000 | $81,690,000 | -16.8% | 0.8% |
| JPMorgan Chase Bank | $82,250,000 | $80,750,000 | -1.8% | 0.8% |
| WALKER & DUNLOP, LLC | $80,345,000 | $73,600,000 | -8.4% | 0.7% |
| Settlers Bank | $101,655,000 | $69,740,000 | -31.4% | 0.7% |
| BETTER MORTGAGE CORPORATION | $29,855,000 | $68,455,000 | 129.3% | 0.7% |
| Heartland Credit Union (Madison) | $70,455,000 | $63,500,000 | -9.9% | 0.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $102,020,000 | $63,300,000 | -38.0% | 0.6% |
| LOANDEPOT.COM, LLC | $44,865,000 | $60,885,000 | 35.7% | 0.6% |
| Oak Bank | $65,120,000 | $55,525,000 | -14.7% | 0.5% |
| The Huntington National Bank | $8,210,000 | $53,320,000 | 549.5% | 0.5% |
| Bank of Deerfield | $85,960,000 | $48,585,000 | -43.5% | 0.5% |
| The Peoples Community Bank | $91,745,000 | $46,090,000 | -49.8% | 0.5% |
| A + MORTGAGE SERVICES, INC. | $58,770,000 | $45,500,000 | -22.6% | 0.4% |
| CORNERSTONE HOME LENDING, INC. | $65,830,000 | $44,195,000 | -32.9% | 0.4% |
| CALIBER HOME LOANS, INC. | $33,365,000 | $44,075,000 | 32.1% | 0.4% |
| Farmers Savings Bank | $79,750,000 | $43,965,000 | -44.9% | 0.4% |
| Mound City Bank | $71,870,000 | $43,440,000 | -39.6% | 0.4% |
| Starion Bank | $22,165,000 | $43,305,000 | 95.4% | 0.4% |
| Great Midwest Bank, S.S.B. | $51,595,000 | $41,795,000 | -19.0% | 0.4% |
| Woodford State Bank | $56,415,000 | $37,910,000 | -32.8% | 0.4% |
| Home Savings Bank | $25,445,000 | $34,850,000 | 37.0% | 0.3% |
| Bank Five Nine | $48,095,000 | $34,335,000 | -28.6% | 0.3% |
| Mortgage Research Center, LLC | $37,980,000 | $33,545,000 | -11.7% | 0.3% |
| Farmers & Merchants State Bank | $71,305,000 | $32,790,000 | -54.0% | 0.3% |
| JONES LANG LASALLE MULTIFAMILY, LLC | $28,275,000 | n/a | 0.3% | |
| Mr. Cooper ( Nationstar Mortgage ) | $28,020,000 | $28,260,000 | 0.9% | 0.3% |
| Chicago Mortgage Solutions LLC | $1,515,000 | $28,045,000 | 1,751.2% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $20,725,000 | $28,015,000 | 35.2% | 0.3% |
| PENNYMAC LOAN SERVICES, LLC | $8,505,000 | $27,750,000 | 226.3% | 0.3% |
| Hometown Bank | $37,925,000 | $26,525,000 | -30.1% | 0.3% |
| Dane County Credit Union | $35,935,000 | $25,780,000 | -28.3% | 0.3% |
| Farmers and Merchants Union Bank | $34,225,000 | $25,245,000 | -26.2% | 0.2% |
| HOME POINT FINANCIAL CORPORATION | $32,090,000 | $24,230,000 | -24.5% | 0.2% |
| MidWestOne Bank | $3,690,000 | $23,900,000 | 547.7% | 0.2% |
| Landmark Credit Union | $35,980,000 | $23,415,000 | -34.9% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $13,785,000 | $22,900,000 | 66.1% | 0.2% |
| Bank of America | $19,550,000 | $22,865,000 | 17.0% | 0.2% |
| The Bank of Brodhead | $15,150,000 | $21,095,000 | 39.2% | 0.2% |
| DAS Acquisition Company, LLC | $30,890,000 | $20,515,000 | -33.6% | 0.2% |
| Union Federal Savings and Loan Association | $18,760,000 | $20,430,000 | 8.9% | 0.2% |
| PLANET HOME LENDING, LLC | $4,305,000 | $19,495,000 | 352.8% | 0.2% |
| Ally Bank | $9,555,000 | $19,415,000 | 103.2% | 0.2% |
| Flagstar Bank, FSB | $27,040,000 | $19,345,000 | -28.5% | 0.2% |
| Fortifi Bank | $31,185,000 | $18,650,000 | -40.2% | 0.2% |
| First Midwest Bank | $5,435,000 | $18,560,000 | 241.5% | 0.2% |
| Cedar Rapids Bank and Trust Company | $18,175,000 | n/a | 0.2% | |
| NAVY FEDERAL CREDIT UNION | $15,950,000 | $17,700,000 | 11.0% | 0.2% |
| READYCAP COMMERCIAL, LLC | $17,380,000 | n/a | 0.2% | |
| Town Bank, N.A. | $14,810,000 | $17,280,000 | 16.7% | 0.2% |
| Citizens Bank | $1,010,000 | $16,935,000 | 1,576.7% | 0.2% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $14,325,000 | $16,755,000 | 17.0% | 0.2% |
| COMPEER FINANCIAL, FLCA | $24,890,000 | $16,120,000 | -35.2% | 0.2% |
| TIAA, FSB | $2,005,000 | $16,100,000 | 703.0% | 0.2% |
| BROKER SOLUTIONS, INC. | $6,855,000 | $15,700,000 | 129.0% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $19,275,000 | $15,085,000 | -21.7% | 0.1% |
| PARKSIDE LENDING, LLC | $31,640,000 | $15,070,000 | -52.4% | 0.1% |
| The First National Bank and Trust Company | $18,975,000 | $14,725,000 | -22.4% | 0.1% |
| HERITAGE CREDIT UNION | $14,565,000 | $14,470,000 | -0.7% | 0.1% |
| Royal Bank | $19,115,000 | $14,320,000 | -25.1% | 0.1% |
| Citibank | $2,020,000 | $14,115,000 | 598.8% | 0.1% |
| The Greenwood's State Bank | $16,150,000 | $14,020,000 | -13.2% | 0.1% |
| USAA Federal Savings Bank | $20,635,000 | $12,675,000 | -38.6% | 0.1% |
| IncredibleBank | $26,060,000 | $11,885,000 | -54.4% | 0.1% |
| DUPACO COMMUNITY | $16,750,000 | $11,735,000 | -29.9% | 0.1% |
| GSF Mortgage Corporation | $19,375,000 | $11,590,000 | -40.2% | 0.1% |
| FORTE BANK | $780,000 | $11,175,000 | 1,332.7% | 0.1% |
| Westbury Bank | $15,950,000 | $10,920,000 | -31.5% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $15,175,000 | $10,525,000 | -30.6% | 0.1% |
| Bank of Wisconsin Dells | $15,395,000 | $10,230,000 | -33.5% | 0.1% |
| Blackhawk Community Credit Union | $16,255,000 | $9,880,000 | -39.2% | 0.1% |
| Baraboo State Bank | $16,150,000 | $9,590,000 | -40.6% | 0.1% |
| PNC Bank | $7,325,000 | $8,845,000 | 20.8% | 0.1% |
| MARINE | $4,775,000 | $8,770,000 | 83.7% | 0.1% |
| CROSSCOUNTRY MORTGAGE, LLC | $8,065,000 | $8,650,000 | 7.3% | 0.1% |
| ZILLOW HOME LOANS, LLC | $1,095,000 | $8,615,000 | 686.8% | 0.1% |
| Bell Bank | $4,335,000 | $8,035,000 | 85.4% | 0.1% |
| Wisconsin River Bank | $2,675,000 | $7,740,000 | 189.3% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $12,855,000 | $7,735,000 | -39.8% | 0.1% |
| Horicon Bank | $8,865,000 | $7,555,000 | -14.8% | 0.1% |
| FIRST CENTENNIAL MORTGAGE CORPORATION | $3,805,000 | $7,510,000 | 97.4% | 0.1% |
| Wisconsin Bank & Trust | $6,095,000 | $7,260,000 | 19.1% | 0.1% |
| V.I.P. MORTGAGE, INC. | $1,255,000 | $7,065,000 | 462.9% | 0.1% |
| Morgan Stanley Private Bank | $10,075,000 | $6,685,000 | -33.6% | 0.1% |
| First Guaranty Mortgage Corporation | $3,280,000 | $6,600,000 | 101.2% | 0.1% |
| The Federal Savings Bank | $9,815,000 | $6,555,000 | -33.2% | 0.1% |
| CLEARPATH LENDING | $6,545,000 | $6,350,000 | -3.0% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $7,055,000 | $6,215,000 | -11.9% | 0.1% |
| DRAPER AND KRAMER MORTGAGE CORP. | $4,300,000 | $6,180,000 | 43.7% | 0.1% |
| Carrington Mortgage Services, LLC | $5,640,000 | $5,980,000 | 6.0% | 0.1% |
| HOMESTEAD FUNDING CORP. | $11,480,000 | $5,940,000 | -48.3% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $3,835,000 | $5,935,000 | 54.8% | 0.1% |
| CHERRY CREEK MORTGAGE, LLC | $3,210,000 | $5,820,000 | 81.3% | 0.1% |
| EVERETT FINANCIAL, INC. | $26,700,000 | $5,785,000 | -78.3% | 0.1% |
| National Exchange Bank and Trust | $8,555,000 | $5,770,000 | -32.6% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $2,235,000 | $5,755,000 | 157.5% | 0.1% |
| NEW DAY FINANCIAL, LLC | $4,410,000 | $5,715,000 | 29.6% | 0.1% |
| North American Savings Bank, F.S.B. | $5,210,000 | $5,155,000 | -1.1% | 0.1% |
| Wyndham Capital Mortgage, Inc. | $2,450,000 | $5,085,000 | 107.6% | 0.0% |
| Servion, Inc. | $3,850,000 | $5,035,000 | 30.8% | 0.0% |
| Baxter Credit Union | $3,745,000 | $5,025,000 | 34.2% | 0.0% |
| FirstBank | $9,655,000 | $4,965,000 | -48.6% | 0.0% |
| First Federal Bank | $11,785,000 | $4,745,000 | -59.7% | 0.0% |
| Bankers' Bank | $4,595,000 | n/a | 0.0% | |
| NBKC BANK | $6,785,000 | $4,585,000 | -32.4% | 0.0% |
| TCF National Bank | $50,030,000 | $4,520,000 | -91.0% | 0.0% |
| Bank of England | $2,900,000 | $4,505,000 | 55.3% | 0.0% |
| ENVOY MORTGAGE, LTD | $4,385,000 | $4,495,000 | 2.5% | 0.0% |
| Badger Bank | $22,795,000 | $4,480,000 | -80.3% | 0.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $5,370,000 | $4,350,000 | -19.0% | 0.0% |
| Fifth Third Bank | $10,245,000 | $4,350,000 | -57.5% | 0.0% |
| Bank First, N.A. | $5,900,000 | $4,310,000 | -26.9% | 0.0% |
| NATIONS RELIABLE LENDING, LLC | $1,810,000 | $4,305,000 | 137.8% | 0.0% |
| Nicolet National Bank | $4,925,000 | $4,280,000 | -13.1% | 0.0% |
| First Community Credit Union | $4,255,000 | n/a | 0.0% | |
| KELLER MORTGAGE, LLC | $4,710,000 | $4,240,000 | -10.0% | 0.0% |
| Strong Home Mortgage, LLC | $2,300,000 | $4,100,000 | 78.3% | 0.0% |
| AMERICAN FINANCIAL NETWORK, INC. | $4,130,000 | $4,060,000 | -1.7% | 0.0% |
| CANOPY MORTGAGE, LLC | $365,000 | $3,860,000 | 957.5% | 0.0% |
| Ixonia Bank | $7,745,000 | $3,805,000 | -50.9% | 0.0% |
| City National Bank | $990,000 | $3,740,000 | 277.8% | 0.0% |
| Prevail Bank | $13,975,000 | $3,615,000 | -74.1% | 0.0% |
| COMPASS MORTGAGE, INC. | $2,500,000 | $3,535,000 | 41.4% | 0.0% |
| Great Southern Bank | $3,495,000 | n/a | 0.0% | |
| SOFI LENDING CORP. | $1,670,000 | $3,495,000 | 109.3% | 0.0% |
| ALTRA | $8,025,000 | $3,440,000 | -57.1% | 0.0% |
| CELEBRITY HOME LOANS, LLC | $1,075,000 | $3,280,000 | 205.1% | 0.0% |
| VILLAGE CAPITAL & INVESTMENT LLC | $3,445,000 | $3,195,000 | -7.3% | 0.0% |
| AMERIFIRST FINANCIAL CORPORATION | $5,470,000 | $3,035,000 | -44.5% | 0.0% |
| Alerus Financial | $295,000 | $3,025,000 | 925.4% | 0.0% |
| CMG MORTGAGE, INC. | $3,660,000 | $2,920,000 | -20.2% | 0.0% |
| FINANCE OF AMERICA MORTGAGE LLC | $3,205,000 | $2,905,000 | -9.4% | 0.0% |
| BNC National Bank | $3,080,000 | $2,900,000 | -5.8% | 0.0% |
| Bremer Bank | $18,045,000 | $2,865,000 | -84.1% | 0.0% |
| Charles Schwab Bank, SSB | $2,905,000 | $2,785,000 | -4.1% | 0.0% |
| PremierBank | $5,585,000 | $2,665,000 | -52.3% | 0.0% |
| THRIVENT Federal Credit Union | $1,680,000 | $2,630,000 | 56.5% | 0.0% |
| LAND HOME FINANCIAL SERVICES, INC. | $2,865,000 | $2,605,000 | -9.1% | 0.0% |
| BNY Mellon | $2,595,000 | n/a | 0.0% | |
| Tradition Mortgage, LLC | $1,060,000 | $2,570,000 | 142.5% | 0.0% |
| AMERICAN ADVISORS GROUP | $1,060,000 | $2,485,000 | 134.4% | 0.0% |
| Merchants Bank of Indiana | $5,810,000 | $2,435,000 | -58.1% | 0.0% |
| GUIDANCE RESIDENTIAL, LLC | $1,735,000 | $2,415,000 | 39.2% | 0.0% |
| Watermark Capital, Inc. | $2,415,000 | n/a | 0.0% | |
| Deere Employees Credit Union | $2,920,000 | $2,405,000 | -17.6% | 0.0% |
| LAKE MICHIGAN CREDIT UNION | $2,360,000 | n/a | 0.0% | |
| GUARANTEED RATE AFFINITY, LLC | $3,850,000 | $2,330,000 | -39.5% | 0.0% |
| FIRST STATE MORTGAGE SERVICES, LLC | $3,380,000 | $2,325,000 | -31.2% | 0.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,950,000 | $2,305,000 | 18.2% | 0.0% |
| STEARNS LENDING, LLC | $6,385,000 | $2,230,000 | -65.1% | 0.0% |
| Royal Credit Union | $2,995,000 | $2,180,000 | -27.2% | 0.0% |
| INLAND BANK & TRUST | $185,000 | $2,175,000 | 1,075.7% | 0.0% |
| Key Mortgage Services, Inc. | $2,455,000 | $2,105,000 | -14.3% | 0.0% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $3,285,000 | $2,085,000 | -36.5% | 0.0% |
| Fox Valley Savings Bank | $1,765,000 | $2,025,000 | 14.7% | 0.0% |
| EMBRACE HOME LOANS, INC. | $1,710,000 | $2,010,000 | 17.5% | 0.0% |
| Lend Smart Mortgage, LLC | $1,210,000 | $1,995,000 | 64.9% | 0.0% |
| Truist Bank | $3,785,000 | $1,940,000 | -48.7% | 0.0% |
| WISCONSIN MORTGAGE CORPORATION | $2,205,000 | $1,930,000 | -12.5% | 0.0% |
| Devon Bank | $1,010,000 | $1,830,000 | 81.2% | 0.0% |
| ALLIANT CREDIT UNION | $1,740,000 | $1,825,000 | 4.9% | 0.0% |
| UNITED HOME LOANS, INC. | $2,390,000 | $1,810,000 | -24.3% | 0.0% |
| PROPER RATE, LLC | $915,000 | $1,805,000 | 97.3% | 0.0% |
| Think Mutual Bank | $1,615,000 | $1,770,000 | 9.6% | 0.0% |
| AMERICAN FINANCING CORPORATION | $885,000 | $1,735,000 | 96.0% | 0.0% |
| LENDERFI, INC. | $1,500,000 | $1,730,000 | 15.3% | 0.0% |
| EDUCATORS CREDIT UNION | $4,745,000 | $1,715,000 | -63.9% | 0.0% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $3,600,000 | $1,695,000 | -52.9% | 0.0% |
| American Mortgage & Equity Consultants, Inc. | $16,970,000 | $1,685,000 | -90.1% | 0.0% |
| First Republic Bank | $1,655,000 | n/a | 0.0% | |
| Waterstone Mortgage Corporation | $1,715,000 | $1,640,000 | -4.4% | 0.0% |
| RESIDENTIAL BANCORP. | $1,615,000 | n/a | 0.0% | |
| UBS Bank USA | $4,255,000 | $1,565,000 | -63.2% | 0.0% |
| CoVantage Credit Union | $3,345,000 | $1,540,000 | -54.0% | 0.0% |
| CIBM Bank | $2,255,000 | $1,535,000 | -31.9% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $1,935,000 | $1,530,000 | -20.9% | 0.0% |
| KS StateBank | $670,000 | $1,510,000 | 125.4% | 0.0% |
| Waukesha State Bank | $8,065,000 | $1,500,000 | -81.4% | 0.0% |
| Bank of Milton | $4,660,000 | $1,495,000 | -67.9% | 0.0% |
| TOWNE MORTGAGE COMPANY | $1,485,000 | $1,480,000 | -0.3% | 0.0% |
| LOANPAL, LLC | $4,870,000 | $1,370,000 | -71.9% | 0.0% |
| GoPrime Mortgage, Inc. | $4,055,000 | $1,365,000 | -66.3% | 0.0% |
| The Central Trust Bank | $1,355,000 | n/a | 0.0% | |
| Low VA Rates, LLC | $2,620,000 | $1,350,000 | -48.5% | 0.0% |
| First Internet Bank of Indiana | $1,270,000 | $1,330,000 | 4.7% | 0.0% |
| Midwest Community Bank | $1,680,000 | $1,320,000 | -21.4% | 0.0% |
| PHH Mortgage Corporation | $925,000 | $1,315,000 | 42.2% | 0.0% |
| SENB Bank | $1,915,000 | $1,315,000 | -31.3% | 0.0% |
| LEADERONE FINANCIAL CORPORATION | $2,365,000 | $1,310,000 | -44.6% | 0.0% |
| Northpointe Bank | $3,185,000 | $1,310,000 | -58.9% | 0.0% |
| GATEWAY MORTGAGE CORPORATION | $545,000 | $1,300,000 | 138.5% | 0.0% |
| SOVEREIGN LENDING GROUP INCORPORATED | $1,215,000 | $1,300,000 | 7.0% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $315,000 | $1,290,000 | 309.5% | 0.0% |
| SUMMIT FUNDING, INC. | $830,000 | $1,290,000 | 55.4% | 0.0% |
| Cornerstone National Bank & Trust Company | $580,000 | $1,285,000 | 121.6% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $1,135,000 | $1,285,000 | 13.2% | 0.0% |
| InterContinental Capital Group, Inc | $1,435,000 | $1,220,000 | -15.0% | 0.0% |
| TOTAL MORTGAGE SERVICES, LLC | $345,000 | $1,190,000 | 244.9% | 0.0% |
| AmeriHome Mortgage Company, LLC | $1,185,000 | n/a | 0.0% | |
| Forward Bank | $135,000 | $1,185,000 | 777.8% | 0.0% |
| The Equitable Bank, S.S.B. | $5,865,000 | $1,180,000 | -79.9% | 0.0% |
| ALLIANT | $1,515,000 | $1,170,000 | -22.8% | 0.0% |
| SIRVA MORTGAGE, INC. | $710,000 | $1,170,000 | 64.8% | 0.0% |
| Colonial Savings, F.A. | $1,435,000 | $1,155,000 | -19.5% | 0.0% |
| Goldwater Bank, N.A. | $1,065,000 | $1,140,000 | 7.0% | 0.0% |
| Farmers Bank & Trust | $1,135,000 | n/a | 0.0% | |
| TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $2,740,000 | $1,135,000 | -58.6% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $280,000 | $1,130,000 | 303.6% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $995,000 | $1,125,000 | 13.1% | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $175,000 | $1,120,000 | 540.0% | 0.0% |
| FOX COMMUNITIES | $615,000 | $1,075,000 | 74.8% | 0.0% |
| First Merchants Bank | $1,045,000 | n/a | 0.0% | |
| First State Bank of St. Charles, Missouri | $1,030,000 | n/a | 0.0% | |
| Stifel Bank and Trust | $4,740,000 | $1,020,000 | -78.5% | 0.0% |
| ACADEMY MORTGAGE CORPORATION | $390,000 | $1,015,000 | 160.3% | 0.0% |
| Plains Commerce Bank | $360,000 | $1,015,000 | 181.9% | 0.0% |
| VERIDIAN CREDIT UNION | $500,000 | $1,010,000 | 102.0% | 0.0% |
| EMM LOANS LLC | $895,000 | $1,005,000 | 12.3% | 0.0% |
| GREAT LAKES | $840,000 | $1,005,000 | 19.6% | 0.0% |
| First Bank & Trust | $2,380,000 | $990,000 | -58.4% | 0.0% |
| Summit Mortgage Corporation | $155,000 | $975,000 | 529.0% | 0.0% |
| Gateway First Bank | $550,000 | $960,000 | 74.5% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $1,900,000 | $935,000 | -50.8% | 0.0% |
| The Northern Trust Company | $3,655,000 | $935,000 | -74.4% | 0.0% |
| MEGASTAR FINANCIAL CORP. | $315,000 | $920,000 | 192.1% | 0.0% |
| THE ANDERSON FINANCIAL GROUP, INC. | $505,000 | $920,000 | 82.2% | 0.0% |
| CIBC Bank USA | $1,355,000 | $915,000 | -32.5% | 0.0% |
| Frandsen Bank & Trust | $215,000 | $910,000 | 323.3% | 0.0% |
| Mid-Continent Funding, Inc. | $440,000 | $905,000 | 105.7% | 0.0% |
| Loan Simple, Inc. | $245,000 | $875,000 | 257.1% | 0.0% |
| First National Bank of Omaha | $720,000 | $870,000 | 20.8% | 0.0% |
| GUARANTY HOME MORTGAGE CORPORATION | $185,000 | $865,000 | 367.6% | 0.0% |
| The Port Washington State Bank | $850,000 | n/a | 0.0% | |
| LIBERTY HOME MORTGAGE CORPORATION | $835,000 | n/a | 0.0% | |
| MICHIGAN MUTUAL, INC. | $825,000 | $835,000 | 1.2% | 0.0% |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $370,000 | $810,000 | 118.9% | 0.0% |
| SPRING EQ, LLC | $975,000 | $810,000 | -16.9% | 0.0% |
| Home State Bank | $1,305,000 | $800,000 | -38.7% | 0.0% |
| MOVEMENT MORTGAGE, LLC | $1,625,000 | $800,000 | -50.8% | 0.0% |
| Discover Bank | $1,005,000 | $790,000 | -21.4% | 0.0% |
| Collins State Bank | $350,000 | $780,000 | 122.9% | 0.0% |
| First State Bank | $780,000 | n/a | 0.0% | |
| RUOFF MORTGAGE COMPANY, INC. | $435,000 | $770,000 | 77.0% | 0.0% |
| River Bank | $215,000 | $765,000 | 255.8% | 0.0% |
| Commerce Bank | $760,000 | n/a | 0.0% | |
| MORIA DEVELOPMENT, INC. | $760,000 | n/a | 0.0% | |
| Blackhawk Bank | $2,230,000 | $745,000 | -66.6% | 0.0% |
| NORTHWEST BANK OF ROCKFORD | $1,015,000 | $720,000 | -29.1% | 0.0% |
| AmRes Corporation | $415,000 | $715,000 | 72.3% | 0.0% |
| VERVE, A CREDIT UNION | $710,000 | n/a | 0.0% | |
| Community First Credit Union | $1,090,000 | $705,000 | -35.3% | 0.0% |
| BLUELEAF LENDING, LLC | $560,000 | $700,000 | 25.0% | 0.0% |
| Nations Lending Corporation | $715,000 | $695,000 | -2.8% | 0.0% |
| WESTconsin Credit Union | $695,000 | n/a | 0.0% | |
| Amerifirst Financial, Inc. | $690,000 | n/a | 0.0% | |
| Citizens State Bank of Loyal | $195,000 | $690,000 | 253.8% | 0.0% |
| Dollar Bank, Federal Savings Bank | $685,000 | n/a | 0.0% | |
| IOWA BANKERS MORTGAGE CORPORATION | $2,200,000 | $675,000 | -69.3% | 0.0% |
| Citizens Bank | $1,010,000 | $670,000 | -33.7% | 0.0% |
| ARC HOME LLC | $1,020,000 | $665,000 | -34.8% | 0.0% |
| Armed Forces Bank | $665,000 | n/a | 0.0% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $705,000 | $660,000 | -6.4% | 0.0% |
| Midwest Heritage Bank FSB | $275,000 | $660,000 | 140.0% | 0.0% |
| MORTGAGE CENTER L.C | $125,000 | $650,000 | 420.0% | 0.0% |
| UIF CORPORATION | $650,000 | n/a | 0.0% | |
| AMWEST FUNDING CORP. | $645,000 | n/a | 0.0% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $820,000 | $645,000 | -21.3% | 0.0% |
| S1L, Inc. | $635,000 | n/a | 0.0% | |
| VAN DYK MORTGAGE CORPORATION | $760,000 | $630,000 | -17.1% | 0.0% |
| Manufacturers and Traders Trust Company | $350,000 | $625,000 | 78.6% | 0.0% |
| AFFINITY PLUS | $615,000 | n/a | 0.0% | |
| Chicago Financial Services, Inc. | $1,010,000 | $610,000 | -39.6% | 0.0% |
| Raymond James Bank | $605,000 | n/a | 0.0% | |
| The Union Bank Company | $590,000 | n/a | 0.0% | |
| PCM | $580,000 | n/a | 0.0% | |
| Flanagan State Bank | $8,205,000 | $575,000 | -93.0% | 0.0% |
| Hometown Lenders, Inc. | $595,000 | $570,000 | -4.2% | 0.0% |
| PyraMax Bank, FSB | $1,250,000 | $570,000 | -54.4% | 0.0% |
| SUCCESS MORTGAGE PARTNERS, INC. | $380,000 | $570,000 | 50.0% | 0.0% |
| Cleveland State Bank | $565,000 | n/a | 0.0% | |
| NATIONS DIRECT MORTGAGE, LLC | $630,000 | $550,000 | -12.7% | 0.0% |
| Stillman BancCorp N.A. | $325,000 | $550,000 | 69.2% | 0.0% |
| Allied First Bank,sb | $215,000 | $545,000 | 153.5% | 0.0% |
| First Central State Bank | $545,000 | n/a | 0.0% | |
| First American Bank | $195,000 | $535,000 | 174.4% | 0.0% |
| Republic Bank & Trust Company | $660,000 | $535,000 | -18.9% | 0.0% |
| AXIA FINANCIAL, LLC | $525,000 | n/a | 0.0% | |
| Commerce State Bank | $540,000 | $520,000 | -3.7% | 0.0% |
| Old Second National Bank | $225,000 | $510,000 | 126.7% | 0.0% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $500,000 | n/a | 0.0% | |
| Bank Midwest | $495,000 | n/a | 0.0% | |
| GREENSTATE CREDIT UNION | $545,000 | $490,000 | -10.1% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $485,000 | n/a | 0.0% | |
| Magnolia Bank | $1,685,000 | $480,000 | -71.5% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $465,000 | n/a | 0.0% | |
| Florida Capital Bank | $705,000 | $460,000 | -34.8% | 0.0% |
| Axos Bank | $580,000 | $450,000 | -22.4% | 0.0% |
| Fortress Bank | $445,000 | n/a | 0.0% | |
| HomeBank Texas | $445,000 | n/a | 0.0% | |
| ACCELERATE MORTGAGE, LLC | $435,000 | n/a | 0.0% | |
| Citadel Servicing Corporation | $435,000 | n/a | 0.0% | |
| Community First National Bank | $435,000 | n/a | 0.0% | |
| BAYSHORE MORTGAGE FUNDING, LLC | $430,000 | n/a | 0.0% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $185,000 | $430,000 | 132.4% | 0.0% |
| Lake Area Bank | $1,100,000 | $415,000 | -62.3% | 0.0% |
| Arvest Bank | $275,000 | $410,000 | 49.1% | 0.0% |
| CO-OP Credit Union | $170,000 | $410,000 | 141.2% | 0.0% |
| Auto Club Trust, FSB | $400,000 | n/a | 0.0% | |
| PLAZA HOME MORTGAGE, INC. | $1,510,000 | $400,000 | -73.5% | 0.0% |
| SIWELL, INC. | $395,000 | n/a | 0.0% | |
| CHEVRON | $390,000 | n/a | 0.0% | |
| Bank of Luxemburg | $385,000 | n/a | 0.0% | |
| Community National Bank | $385,000 | n/a | 0.0% | |
| Figure Lending LLC | $655,000 | $385,000 | -41.2% | 0.0% |
| Presidential Bank, FSB | $385,000 | n/a | 0.0% | |
| Empower Credit Union | $375,000 | n/a | 0.0% | |
| Generations Bank | $375,000 | n/a | 0.0% | |
| Level One Bank | $375,000 | $375,000 | 0.0% | 0.0% |
| Northwestern Bank | $595,000 | $370,000 | -37.8% | 0.0% |
| AMCAP MORTGAGE, LTD. | $365,000 | n/a | 0.0% | |
| Meridian Bank Corporation | $365,000 | n/a | 0.0% | |
| EagleBank | $355,000 | n/a | 0.0% | |
| Bankers Trust Company | $345,000 | n/a | 0.0% | |
| DELMAR FINANCIAL COMPANY | $930,000 | $345,000 | -62.9% | 0.0% |
| I. H. MISSISSIPPI VALLEY CREDIT UNION | $345,000 | n/a | 0.0% | |
| NFM, INC. | $810,000 | $345,000 | -57.4% | 0.0% |
| First Federal Savings Bank | $495,000 | $340,000 | -31.3% | 0.0% |
| Bay Bank | $335,000 | n/a | 0.0% | |
| BLC Community Bank | $360,000 | $335,000 | -6.9% | 0.0% |
| Sunflower Bank | $335,000 | n/a | 0.0% | |
| First-Citizens Bank & Trust Company | $1,060,000 | $330,000 | -68.9% | 0.0% |
| T2 FINANCIAL LLC | $310,000 | n/a | 0.0% | |
| WOODTRUST BANK | $735,000 | $310,000 | -57.8% | 0.0% |
| East Wisconsin Savings Bank | $305,000 | n/a | 0.0% | |
| HANSCOM | $305,000 | n/a | 0.0% | |
| Paramount Bank | $305,000 | n/a | 0.0% | |
| Citizens State Bank of La Crosse | $370,000 | $300,000 | -18.9% | 0.0% |
| Blue Ridge Bank | $255,000 | $295,000 | 15.7% | 0.0% |
| Citizens Community Federal | $175,000 | $295,000 | 68.6% | 0.0% |
| BAY EQUITY LLC | $700,000 | $290,000 | -58.6% | 0.0% |
| Denmark State Bank | $290,000 | n/a | 0.0% | |
| North Shore Bank FSB | $11,250,000 | $290,000 | -97.4% | 0.0% |
| FBC MORTGAGE, LLC | $285,000 | n/a | 0.0% | |
| CONSUMERS COOPERATIVE CREDIT UNION | $445,000 | $280,000 | -37.1% | 0.0% |
| Arbor Bank | $275,000 | n/a | 0.0% | |
| Kirkwood Bank & Trust Co. | $270,000 | n/a | 0.0% | |
| Cambria Financial Group, LLC | $425,000 | $265,000 | -37.6% | 0.0% |
| Mutual Federal Bank | $175,000 | $265,000 | 51.4% | 0.0% |
| AppleTree Credit Union | $255,000 | n/a | 0.0% | |
| HOMEXPRESS MORTGAGE CORP. | $255,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $530,000 | $250,000 | -52.8% | 0.0% |
| First National Bank | $245,000 | n/a | 0.0% | |
| Glacier Hills Credit Union | $245,000 | n/a | 0.0% | |
| Community Savings Bank | $155,000 | $235,000 | 51.6% | 0.0% |
| LENDSURE MORTGAGE CORP. | $570,000 | $235,000 | -58.8% | 0.0% |
| UNION HOME MORTGAGE CORP. | $5,895,000 | $235,000 | -96.0% | 0.0% |
| UNITED MORTGAGE CORP. | $235,000 | n/a | 0.0% | |
| CLEARPOINTE CAPITAL, LLC | $55,000 | $230,000 | 318.2% | 0.0% |
| Bank of Tennessee | $225,000 | n/a | 0.0% | |
| First National Bank of America | $385,000 | $225,000 | -41.6% | 0.0% |
| First Savings Bank | $320,000 | $225,000 | -29.7% | 0.0% |
| Home Bank | $390,000 | $225,000 | -42.3% | 0.0% |
| VERITAS FUNDING, LLC | $225,000 | n/a | 0.0% | |
| Sierra Pacific Mortgage Company, Inc. | $605,000 | $215,000 | -64.5% | 0.0% |
| HealthCare Associates Credit Union | $205,000 | n/a | 0.0% | |
| IMPAC MORTGAGE CORP. | $255,000 | $205,000 | -19.6% | 0.0% |
| Pinnacle Bank | $5,920,000 | $205,000 | -96.5% | 0.0% |
| REVERSE MORTGAGE FUNDING LLC | $770,000 | $205,000 | -73.4% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $205,000 | $205,000 | 0.0% | 0.0% |
| UNITEDONE Credit Union | $255,000 | $205,000 | -19.6% | 0.0% |
| American Community Bank of Indiana | $195,000 | n/a | 0.0% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $420,000 | $195,000 | -53.6% | 0.0% |
| DHA FINANCIAL, LLC | $195,000 | n/a | 0.0% | |
| Bank of Pontiac | $185,000 | n/a | 0.0% | |
| DIGITAL Federal Credit Union | $295,000 | $185,000 | -37.3% | 0.0% |
| First State Bank of Forrest | $185,000 | n/a | 0.0% | |
| Bank of Springfield | $730,000 | $175,000 | -76.0% | 0.0% |
| Coulee Bank | $175,000 | n/a | 0.0% | |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $170,000 | n/a | 0.0% | |
| CORTRUST MORTGAGE, INC. | $165,000 | n/a | 0.0% | |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $165,000 | n/a | 0.0% | |
| Premier Community Bank | $165,000 | n/a | 0.0% | |
| Rock Valley Credit Union | $165,000 | n/a | 0.0% | |
| Tri City National Bank | $145,000 | $155,000 | 6.9% | 0.0% |
| ADVIA | $100,000 | $150,000 | 50.0% | 0.0% |
| Centra Credit Union | $150,000 | n/a | 0.0% | |
| WINGS FINANCIAL | $1,185,000 | $150,000 | -87.3% | 0.0% |
| BOKF | $375,000 | $145,000 | -61.3% | 0.0% |
| Home Mortgage Alliance Corp | $145,000 | n/a | 0.0% | |
| Intercity State Bank | $530,000 | $145,000 | -72.6% | 0.0% |
| North Shore Bank of Commerce | $145,000 | n/a | 0.0% | |
| Assurance Financial Group, L.L.C. | $125,000 | n/a | 0.0% | |
| Bank Iowa | $125,000 | n/a | 0.0% | |
| Community Resource Bank | $125,000 | n/a | 0.0% | |
| First Home Bank | $435,000 | $125,000 | -71.3% | 0.0% |
| 21ST MORTGAGE CORPORATION | $415,000 | $115,000 | -72.3% | 0.0% |
| EVANSVILLE TEACHERS | $540,000 | $115,000 | -78.7% | 0.0% |
| Connexus Credit Union | $260,000 | $100,000 | -61.5% | 0.0% |
| Kohler Credit Union | $95,000 | n/a | 0.0% | |
| Holcomb Bank | $335,000 | $85,000 | -74.6% | 0.0% |
| STAR USA FEDERAL CREDIT UNION | $80,000 | n/a | 0.0% | |
| Charter Bank | $75,000 | n/a | 0.0% | |
| CITIZENS EQUITY FIRST | $330,000 | $75,000 | -77.3% | 0.0% |
| Guardian Credit Union | $245,000 | $75,000 | -69.4% | 0.0% |
| PARTNERSHIP FINANCIAL | $75,000 | n/a | 0.0% | |
| GOVERNMENTAL EMPLOYEES | $210,000 | $55,000 | -73.8% | 0.0% |
| PURDUE FEDERAL CREDIT UNION | $55,000 | n/a | 0.0% | |
| Oxford Bank & Trust | $50,000 | n/a | 0.0% | |
| Chicago Patrolmen's Federal Credit Union | $45,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $25,000 | n/a | 0.0% | |
| PRIME FINANCIAL CREDIT UNION | $310,000 | $25,000 | -91.9% | 0.0% |
| Home Loan Investment Bank, F.S.B. | $65,000 | $15,000 | -76.9% | 0.0% |
MADISON's top lender by overall market share is Summit Credit Union, with 15.4% market share. In second place, with 14.5%, is University of Wisconsin Credit Union, having originated $1,481,635,000 in loans. In third place, with 5.1%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $520,540,000 in loans. In third place, with 3.9%, is The Park Bank, having originated $394,410,000 in loans. In third place, with 3.4%, is Barrington Bank & Trust Company, N.A., having originated $349,415,000 in loans.
MADISON, WI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Refi | 18,310 | $4,252,570,000 | $232,254 |
| Home Purchase | 11,358 | $3,761,020,000 | $331,134 |
| Cash Out Refi | 7,565 | $1,777,485,000 | $234,962 |
| Other | 2,950 | $252,100,000 | $85,458 |
| Home Improvement | 2,637 | $179,025,000 | $67,890 |
Madison's most frequently cited loan purpose was Refi, with 18,310 originations. The 2nd most popular reason was Home Purchase, with 11,358 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 18,769 | $4,820,195,000 | $256,817 |
| <2.5% | 13,882 | $2,473,570,000 | $178,185 |
| 3-4% | 7,668 | $2,281,170,000 | $297,492 |
| 4-5% | 641 | $187,125,000 | $291,927 |
| 5-6% | 370 | $25,640,000 | $69,297 |
| 7-8% | 57 | $10,045,000 | $176,228 |
| 6-7% | 53 | $3,855,000 | $72,736 |
| Over 8% | 47 | $3,165,000 | $67,340 |
During 2021, Madison's most frequently originated rate bucket was 2.5-3%, with 18,769 originations.
Loan Sizing (MADISON, WI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 17,488 | $4,855,230,000 | $277,632 |
| $100k-200k | 12,873 | $1,941,775,000 | $150,841 |
| $100,000 or less | 8,251 | $452,945,000 | $54,896 |
| $400k-600k | 3,419 | $1,621,015,000 | $474,120 |
| $600k-1000k | 535 | $392,885,000 | $734,364 |
| $Over $1MM | 254 | $958,350,000 | $3,773,031 |
MADISON's loan sizing saw the bucket of loans from $200k-400k with 17,488 originations, totaling $4,855,230,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 13,543 | $4,085,745,000 | $301,687 |
| 80-100% | 9,059 | $2,846,655,000 | $314,235 |
| 40-60% | 7,962 | $1,747,690,000 | $219,504 |
| Under 20% | 5,223 | $250,615,000 | $47,983 |
| 20-40% | 5,048 | $640,800,000 | $126,941 |
| Over 100% | 126 | $88,000,000 | $698,413 |
MADISON's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 13,543 originations, totaling $4,085,745,000 in origination value.
