MADISON Mortgage Rates
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Madison averaged
3.08%
for the week of 2021-11-24, compared to the national average of
3.1% for the same period.
The average rate for the prior week (2021-11-18) was
3.28% and
one month ago for the week of 2021-10-21, the
average rate was 3.27%.
Madison's average rate one year ago was 3%.
For refis of the same type during the week of 2021-11-24, the average rate
was 3.11%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2021-11-24 | 3.1% |
| Madison 30 Year Fixed Rate | 2021-11-24 | 3.08% |
| Madison 30 Year Fixed Rate Refi | 2021-11-24 | 3.11% |
| Madison 15 Year Fixed Rate | 2021-11-24 | 2.43% |
| Madison 15 Year Fixed Rate Refi | 2021-11-24 | 2.67% |
| Madison 30 Year FHA | 2021-11-24 | 3.51% |
| Madison 30 Year FHA Refi | 2021-11-24 | 3.22% |
| Madison 30 Year USDA | 2021-11-24 | 3.56% |
| Madison 30 Year USDA Refi | 2021-11-24 | 3.35% |
| Madison 30 Year VA | 2021-11-24 | 3.15% |
| Madison 30 Year VA Refi | 2021-11-24 | 2.91% |
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 307 lenders originated 48,162
loans during 2020. The total origination value was $11,396,980,000, with an average loan value of
$236,638.
The top MADISON lender as defined by loan originations is University of Wisconsin Credit Union, with
3,738 loans originated. Their average total fees are
$2,634, which is $226
higher than the next largest lender,
Summit Credit Union.
The lowest fee MADISON lenders (with over 10 loans originated) are
Starion Bank ($1,088), Hometown Bank ($1,111), A + MORTGAGE SERVICES, INC. ($1,196), Horicon Bank ($1,210) and The Bank of New Glarus ($1,514).
The lowest rate MADISON lenders (with over 10 loans originated) are
HOMESTEAD FUNDING CORP. (2.79%), AMERISAVE MORTGAGE CORPORATION (2.82%), The Greenwood's State Bank (2.85%), The Equitable Bank, S.S.B. (2.87%) and KELLER MORTGAGE, LLC (2.89%).
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 | 2019 Loan Value | 2020 Loan Value | % Change | 2020 Market Share |
|---|---|---|---|---|
| University of Wisconsin Credit Union | $850,710,000 | $1,723,840,000 | 102.6% | 15.1% |
| Summit Credit Union | $875,075,000 | $1,589,820,000 | 81.7% | 13.9% |
| FAIRWAY INDEPENDENT MORT CORP | $354,725,000 | $599,310,000 | 69.0% | 5.3% |
| State Bank of Cross Plains | $185,705,000 | $361,080,000 | 94.4% | 3.2% |
| Barrington Bank & Trust | $123,250,000 | $317,965,000 | 158.0% | 2.8% |
| The Park Bank | $139,470,000 | $299,905,000 | 115.0% | 2.6% |
| Old National Bank | $185,390,000 | $286,740,000 | 54.7% | 2.5% |
| JOHNSON BANK | $160,470,000 | $285,980,000 | 78.2% | 2.5% |
| Thompson Kane & Company, LLC | $122,750,000 | $283,065,000 | 130.6% | 2.5% |
| Monona Bank | $168,755,000 | $281,660,000 | 66.9% | 2.5% |
| Oregon Community Bank & Trust | $117,255,000 | $256,160,000 | 118.5% | 2.2% |
| US BANK, N.A. | $143,170,000 | $215,190,000 | 50.3% | 1.9% |
| Quicken Loans | $101,565,000 | $212,715,000 | 109.4% | 1.9% |
| DMB Community Bank | $70,715,000 | $196,250,000 | 177.5% | 1.7% |
| Associated Bank NA | $108,695,000 | $179,505,000 | 65.1% | 1.6% |
| Guild Mortgage Company | $78,965,000 | $166,205,000 | 110.5% | 1.5% |
| The Bank of New Glarus | $72,570,000 | $152,650,000 | 110.3% | 1.3% |
| WELLS FARGO BANK NA | $122,860,000 | $152,020,000 | 23.7% | 1.3% |
| Bank of Sun Prairie | $57,975,000 | $141,190,000 | 143.5% | 1.2% |
| CAPITOL BANK | $46,280,000 | $121,715,000 | 163.0% | 1.1% |
| Prosperity Home Mortgage LLC | $49,255,000 | $120,115,000 | 143.9% | 1.1% |
| United Shore Financial Services LLC | $71,975,000 | $102,020,000 | 41.7% | 0.9% |
| Settlers Bank | $75,980,000 | $101,655,000 | 33.8% | 0.9% |
| Inlanta Mortgage | $66,755,000 | $98,210,000 | 47.1% | 0.9% |
| BMO Harris Bank N.A. | $78,655,000 | $92,545,000 | 17.7% | 0.8% |
| The Peoples Community Bank | $27,360,000 | $91,745,000 | 235.3% | 0.8% |
| Freedom Mortgage Corporation | $25,365,000 | $88,135,000 | 247.5% | 0.8% |
| Bank Of Deerfield | $35,425,000 | $85,960,000 | 142.7% | 0.8% |
| JPMorgan Chase Bank, NA | $58,010,000 | $82,250,000 | 41.8% | 0.7% |
| WALKER & DUNLOP, LLC | $125,800,000 | $80,345,000 | -36.1% | 0.7% |
| Farmers Savings Bank | $30,045,000 | $79,750,000 | 165.4% | 0.7% |
| NEWREZ LLC | $12,865,000 | $75,755,000 | 488.8% | 0.7% |
| MOUND CITY BANK | $35,700,000 | $71,870,000 | 101.3% | 0.6% |
| Farmers & Merchants State Bank | $32,965,000 | $71,305,000 | 116.3% | 0.6% |
| Heartland Credit Union | $34,365,000 | $70,310,000 | 104.6% | 0.6% |
| Guaranteed Rate Inc. | $18,610,000 | $68,400,000 | 267.5% | 0.6% |
| CORNERSTONE HOME LENDING, INC. | $27,065,000 | $65,830,000 | 143.2% | 0.6% |
| Oak Bank | $28,415,000 | $65,120,000 | 129.2% | 0.6% |
| A+ Mortgage Services,Inc. | $17,900,000 | $58,770,000 | 228.3% | 0.5% |
| Woodford State Bank | $18,820,000 | $56,415,000 | 199.8% | 0.5% |
| Great Midwest Bank SSB | $49,595,000 | $51,595,000 | 4.0% | 0.5% |
| TCF National Bank | $43,970,000 | $50,030,000 | 13.8% | 0.4% |
| First Bank Financial Centre | $22,020,000 | $48,095,000 | 118.4% | 0.4% |
| loanDepot LLC | $23,260,000 | $44,865,000 | 92.9% | 0.4% |
| Berkadia Commercial Mortgage | $46,550,000 | $41,530,000 | -10.8% | 0.4% |
| Mortgage Research Center LLC | $17,625,000 | $37,980,000 | 115.5% | 0.3% |
| Hometown Bancorp Ltd. | $16,235,000 | $37,925,000 | 133.6% | 0.3% |
| Pinnacle Bank - KMN | $36,910,000 | n/a | 0.3% | |
| Landmark Credit Union | $20,470,000 | $35,980,000 | 75.8% | 0.3% |
| Dane County Credit Union | $23,025,000 | $35,935,000 | 56.1% | 0.3% |
| Farmers and Merchants Union Bank | $12,015,000 | $34,225,000 | 184.9% | 0.3% |
| Caliber Home Loans Inc | $22,480,000 | $33,365,000 | 48.4% | 0.3% |
| Home Point Financial Corporation | $20,410,000 | $32,090,000 | 57.2% | 0.3% |
| Parkside Lending LLC | $3,400,000 | $31,640,000 | 830.6% | 0.3% |
| Fortifi Bank | $13,295,000 | $31,185,000 | 134.6% | 0.3% |
| DAS Acquisition Company, LLC | $1,965,000 | $30,890,000 | 1,472.0% | 0.3% |
| Better Mortgage Corporation | $7,430,000 | $29,855,000 | 301.8% | 0.3% |
| Nationstar Mortgage | $14,710,000 | $28,020,000 | 90.5% | 0.2% |
| DUBUQUE BANK & TRUST CO. | $380,000 | $27,175,000 | 7,051.3% | 0.2% |
| Flagstar Bank | $19,580,000 | $27,040,000 | 38.1% | 0.2% |
| Supreme Lending/ Everett Financial Inc. | $26,700,000 | n/a | 0.2% | |
| 2018 MASTER HMDA LAR | $11,565,000 | $26,060,000 | 125.3% | 0.2% |
| Home Savings Bank | $23,815,000 | $25,445,000 | 6.8% | 0.2% |
| Compeer Financial ACA | $12,550,000 | $24,890,000 | 98.3% | 0.2% |
| Badger Bank | $4,285,000 | $22,795,000 | 432.0% | 0.2% |
| Starion Bank | $46,545,000 | $22,165,000 | -52.4% | 0.2% |
| Amerisave Mortgage Corporation | $2,470,000 | $20,725,000 | 739.1% | 0.2% |
| USAA FEDERAL SAVINGS BANK | $26,865,000 | $20,635,000 | -23.2% | 0.2% |
| Bank of America NA | $18,265,000 | $19,550,000 | 7.0% | 0.2% |
| GSF Mortgage Corporation | $9,300,000 | $19,375,000 | 108.3% | 0.2% |
| Synergy One Lending | $6,490,000 | $19,275,000 | 197.0% | 0.2% |
| Royal Bank | $6,860,000 | $19,115,000 | 178.6% | 0.2% |
| The First National Bank and Trust Company | $10,335,000 | $18,975,000 | 83.6% | 0.2% |
| Union Federal Savings and Loan Association | $10,035,000 | $18,760,000 | 86.9% | 0.2% |
| BREMER BANK, NA | $245,000 | $18,045,000 | 7,265.3% | 0.2% |
| American Mortgage & Equity Consultants Inc. | $28,195,000 | $16,970,000 | -39.8% | 0.1% |
| Dupaco Community Credit Union | $4,595,000 | $16,750,000 | 264.5% | 0.1% |
| Blackhawk Community Credit Union | $11,965,000 | $16,255,000 | 35.9% | 0.1% |
| Baraboo State Bank | $4,950,000 | $16,150,000 | 226.3% | 0.1% |
| The Greenwoods State Bank | $7,675,000 | $16,150,000 | 110.4% | 0.1% |
| NAVY FEDERAL CREDIT UNION | $8,770,000 | $15,950,000 | 81.9% | 0.1% |
| Westbury Bank | $18,805,000 | $15,950,000 | -15.2% | 0.1% |
| CBNA | $17,705,000 | $15,750,000 | -11.0% | 0.1% |
| Bank of Wisconsin Dells | $3,770,000 | $15,395,000 | 308.4% | 0.1% |
| Lakeview Loan Servicing, LLC | $3,020,000 | $15,175,000 | 402.5% | 0.1% |
| Bank of Brodhead | $4,335,000 | $15,150,000 | 249.5% | 0.1% |
| Town Bank | $33,725,000 | $14,810,000 | -56.1% | 0.1% |
| Heritage Credit Union | $10,195,000 | $14,565,000 | 42.9% | 0.1% |
| Cardinal Financial Company LP | $8,315,000 | $14,325,000 | 72.3% | 0.1% |
| Time Federal Savings Bank | $640,000 | $13,975,000 | 2,083.6% | 0.1% |
| Paramount Residential Mortgage Group Inc. | $3,820,000 | $13,785,000 | 260.9% | 0.1% |
| HomeBridge Financial Services, Inc. | $12,725,000 | $12,855,000 | 1.0% | 0.1% |
| Homestead Funding Corp. | $3,185,000 | $11,480,000 | 260.4% | 0.1% |
| NORTH SHORE BANK, FSB | $29,830,000 | $11,250,000 | -62.3% | 0.1% |
| Capital One, NA | $10,515,000 | n/a | 0.1% | |
| Fifth Third Bank | $8,345,000 | $10,245,000 | 22.8% | 0.1% |
| Morgan Stanley Private Bank NA | $10,280,000 | $10,075,000 | -2.0% | 0.1% |
| The Federal Savings Bank | $4,420,000 | $9,815,000 | 122.1% | 0.1% |
| FirstBank | $3,865,000 | $9,655,000 | 149.8% | 0.1% |
| Horicon Bank | $2,770,000 | $8,865,000 | 220.0% | 0.1% |
| National Exchange Bank and Trust | $3,590,000 | $8,555,000 | 138.3% | 0.1% |
| PENNYMAC LOAN SERVICES LLC | $4,830,000 | $8,505,000 | 76.1% | 0.1% |
| Huntington National Bank | $9,585,000 | $8,210,000 | -14.3% | 0.1% |
| Flanagan State Bank | $1,545,000 | $8,205,000 | 431.1% | 0.1% |
| WAUKESHA STATE BANK | $780,000 | $8,065,000 | 934.0% | 0.1% |
| Altra Federal Credit Union | $1,250,000 | $8,025,000 | 542.0% | 0.1% |
| Ixonia Bank | $1,260,000 | $7,745,000 | 514.7% | 0.1% |
| PNC BANK NA | $73,255,000 | $7,325,000 | -90.0% | 0.1% |
| Sun West Mortgage Company Inc. | $1,655,000 | $7,055,000 | 326.3% | 0.1% |
| New American Funding (dba for Broker Solutions Inc) | $4,900,000 | $6,855,000 | 39.9% | 0.1% |
| NBKC Bank | $5,325,000 | $6,785,000 | 27.4% | 0.1% |
| Clearpath Lending | $4,065,000 | $6,545,000 | 61.0% | 0.1% |
| Stearns Lending | $4,385,000 | $6,385,000 | 45.6% | 0.1% |
| WISCONSIN BANK & TRUST | $2,000,000 | $6,095,000 | 204.8% | 0.1% |
| Pinnacle Bank | $5,920,000 | n/a | 0.1% | |
| Bank First National | $3,120,000 | $5,900,000 | 89.1% | 0.1% |
| Union Home Mortgage Company | $1,955,000 | $5,895,000 | 201.5% | 0.1% |
| The Equitable Bank S.S.B. | $675,000 | $5,865,000 | 768.9% | 0.1% |
| Merchants Bank of Indiana | $5,810,000 | n/a | 0.1% | |
| CARRINGTON MORTGAGE SERVICES | $3,215,000 | $5,640,000 | 75.4% | 0.0% |
| PremierBank | $875,000 | $5,585,000 | 538.3% | 0.0% |
| AmeriFirst Home Mortgage | $3,555,000 | $5,470,000 | 53.9% | 0.0% |
| First Midwest Bank | $5,080,000 | $5,435,000 | 7.0% | 0.0% |
| American Pacific Mortgage Corporation | $5,370,000 | n/a | 0.0% | |
| North American Savings Bank | $1,795,000 | $5,210,000 | 190.3% | 0.0% |
| Nicolet National Bank | $2,240,000 | $4,925,000 | 119.9% | 0.0% |
| LoanPal | $2,440,000 | $4,870,000 | 99.6% | 0.0% |
| MARINE CREDIT UNION | $4,795,000 | $4,775,000 | -0.4% | 0.0% |
| Educators Credit Union | $3,505,000 | $4,745,000 | 35.4% | 0.0% |
| Stifel Bank and Trust | $1,090,000 | $4,740,000 | 334.9% | 0.0% |
| Keller Mortgage LLC | $3,240,000 | $4,710,000 | 45.4% | 0.0% |
| Bank of Milton | $2,625,000 | $4,660,000 | 77.5% | 0.0% |
| NewDay Financial LLC dba NewDay USA | $1,720,000 | $4,410,000 | 156.4% | 0.0% |
| Envoy Mortgage Ltd. | $1,960,000 | $4,385,000 | 123.7% | 0.0% |
| BELL BANK | $1,660,000 | $4,335,000 | 161.1% | 0.0% |
| Planet Home Lending LLC | $1,515,000 | $4,305,000 | 184.2% | 0.0% |
| Draper and Kramer Mortgage Corp. | $2,270,000 | $4,300,000 | 89.4% | 0.0% |
| UBS Bank USA | $1,240,000 | $4,255,000 | 243.1% | 0.0% |
| American Financial Network Inc. | $380,000 | $4,130,000 | 986.8% | 0.0% |
| Prime Mortgage Lending Inc. | $1,900,000 | $4,055,000 | 113.4% | 0.0% |
| Guaranteed Rate Affinity LLC | $3,330,000 | $3,850,000 | 15.6% | 0.0% |
| Servion, Inc. | $670,000 | $3,850,000 | 474.6% | 0.0% |
| Homeside Financial LLC | $865,000 | $3,835,000 | 343.4% | 0.0% |
| First Centennial Mortgage Corp. | $11,815,000 | $3,805,000 | -67.8% | 0.0% |
| Branch Banking And Trust Co | $3,785,000 | n/a | 0.0% | |
| Baxter Credit Union | $810,000 | $3,745,000 | 362.3% | 0.0% |
| MIDWESTONE BANK | $375,000 | $3,690,000 | 884.0% | 0.0% |
| CMG Mortgage Inc. | $1,355,000 | $3,660,000 | 170.1% | 0.0% |
| The Northern Trust Company | $3,655,000 | n/a | 0.0% | |
| Ark-La-Tex Financial Services LLC | $3,600,000 | n/a | 0.0% | |
| Village Capital & Investment | $330,000 | $3,445,000 | 943.9% | 0.0% |
| Mortgage Services III LLC | $265,000 | $3,380,000 | 1,175.5% | 0.0% |
| CoVantage Credit Union | $1,685,000 | $3,345,000 | 98.5% | 0.0% |
| PRIMELENDING | $26,630,000 | $3,285,000 | -87.7% | 0.0% |
| First Guaranty Mortgage Corporation | $390,000 | $3,280,000 | 741.0% | 0.0% |
| PEOPLES STATE BANK | $1,480,000 | $3,265,000 | 120.6% | 0.0% |
| Cherry Creek Mortgage Co. Inc. | $1,760,000 | $3,210,000 | 82.4% | 0.0% |
| Finance of America Mortgage LLC | $2,355,000 | $3,205,000 | 36.1% | 0.0% |
| Northpointe Bank | $3,115,000 | $3,185,000 | 2.2% | 0.0% |
| BNC NATIONAL BANK | $3,070,000 | $3,080,000 | 0.3% | 0.0% |
| Royal Credit Union | $2,355,000 | $2,995,000 | 27.2% | 0.0% |
| Deere Employees Credit Union | $4,430,000 | $2,920,000 | -34.1% | 0.0% |
| Charles Schwab Bank | $2,535,000 | $2,905,000 | 14.6% | 0.0% |
| Bank of England | $2,610,000 | $2,900,000 | 11.1% | 0.0% |
| Fidelity Bank & Trust | $185,000 | $2,880,000 | 1,456.8% | 0.0% |
| Land Home Financial Services Inc. | $525,000 | $2,865,000 | 445.7% | 0.0% |
| TruStone Financial Federal Credit Union | $1,240,000 | $2,740,000 | 121.0% | 0.0% |
| Wisconsin River Bank | $2,775,000 | $2,675,000 | -3.6% | 0.0% |
| Low VA Rates | $225,000 | $2,620,000 | 1,064.4% | 0.0% |
| Compass Mortgage Inc | $975,000 | $2,500,000 | 156.4% | 0.0% |
| Key Mortgage Services Inc. | $1,400,000 | $2,455,000 | 75.4% | 0.0% |
| Wyndham Capital Mortgage | $2,410,000 | $2,450,000 | 1.7% | 0.0% |
| United Home Loans Inc | $830,000 | $2,390,000 | 188.0% | 0.0% |
| FIRST BANK & TRUST | $2,380,000 | n/a | 0.0% | |
| LeaderOne Financial Corp. | $1,090,000 | $2,365,000 | 117.0% | 0.0% |
| CIBM Bank | $615,000 | $2,255,000 | 266.7% | 0.0% |
| Pentagon Federal Credit Union | $1,870,000 | $2,235,000 | 19.5% | 0.0% |
| Blackhawk Bank | $610,000 | $2,230,000 | 265.6% | 0.0% |
| Home Federal Savings Bank | $2,220,000 | n/a | 0.0% | |
| Wisconsin Mortgage Corporation | $2,035,000 | $2,205,000 | 8.4% | 0.0% |
| Iowa Bankers Mortgage Corporation | $445,000 | $2,200,000 | 394.4% | 0.0% |
| Citibank, N.A. | $1,290,000 | $2,020,000 | 56.6% | 0.0% |
| TIAA, FSB | $11,605,000 | $2,005,000 | -82.7% | 0.0% |
| Primary Residential Mortgage Inc. | $2,880,000 | $1,950,000 | -32.3% | 0.0% |
| Royal United Mortgage LLC | $720,000 | $1,935,000 | 168.8% | 0.0% |
| SENB Bank | $1,915,000 | n/a | 0.0% | |
| AimLoan.com | $175,000 | $1,900,000 | 985.7% | 0.0% |
| Nations Reliable Lending, LLC | $1,810,000 | n/a | 0.0% | |
| Fox Valley Savings Bank | $265,000 | $1,765,000 | 566.0% | 0.0% |
| Luana Savings Bank | $705,000 | $1,755,000 | 148.9% | 0.0% |
| Alliant Credit Union | $895,000 | $1,740,000 | 94.4% | 0.0% |
| Guidance Residential LLC | $795,000 | $1,735,000 | 118.2% | 0.0% |
| Premia Mortgage, LLC | $1,260,000 | $1,725,000 | 36.9% | 0.0% |
| Waterstone Mortgage Corp | $5,060,000 | $1,715,000 | -66.1% | 0.0% |
| Embrace Home Loans, Inc. | $2,405,000 | $1,710,000 | -28.9% | 0.0% |
| Magnolia Bank Incorporated | $1,435,000 | $1,685,000 | 17.4% | 0.0% |
| MIDWEST COMMUNITY BANK | $495,000 | $1,680,000 | 239.4% | 0.0% |
| Thrivent Federal Credit Union | $340,000 | $1,680,000 | 394.1% | 0.0% |
| SoFi Lending Corp | $1,695,000 | $1,670,000 | -1.5% | 0.0% |
| MOVEMENT MORTGAGE, LLC | $1,195,000 | $1,625,000 | 36.0% | 0.0% |
| Think Mutual Bank | $1,615,000 | n/a | 0.0% | |
| Homeowners Financial Group | $1,570,000 | n/a | 0.0% | |
| Alliant Credit Union | $895,000 | $1,515,000 | 69.3% | 0.0% |
| Plaza Home Mortgage Inc. | $710,000 | $1,510,000 | 112.7% | 0.0% |
| Redwood Trust Inc | $3,335,000 | $1,505,000 | -54.9% | 0.0% |
| LenderFi, Inc. | $325,000 | $1,500,000 | 361.5% | 0.0% |
| Towne Mortgage Company | $1,985,000 | $1,485,000 | -25.2% | 0.0% |
| Byron Bank | $225,000 | $1,475,000 | 555.6% | 0.0% |
| Colonial Savings | $335,000 | $1,435,000 | 328.4% | 0.0% |
| Intercontinental Capital Group, Inc. | $1,435,000 | n/a | 0.0% | |
| KeyBank National Association | $165,000 | $1,360,000 | 724.2% | 0.0% |
| CIBC Bank USA | $310,000 | $1,355,000 | 337.1% | 0.0% |
| Home State Bank National Association | $440,000 | $1,305,000 | 196.6% | 0.0% |
| First Internet Bank | $305,000 | $1,270,000 | 316.4% | 0.0% |
| V.I.P. Mortgage Inc. | $2,060,000 | $1,255,000 | -39.1% | 0.0% |
| PyraMax Bank FSB | $335,000 | $1,250,000 | 273.1% | 0.0% |
| CIT BANK N.A. | $685,000 | $1,230,000 | 79.6% | 0.0% |
| Sovereign Lending Group, Inc | $1,460,000 | $1,215,000 | -16.8% | 0.0% |
| Lend Smart Mortgage | $3,095,000 | $1,210,000 | -60.9% | 0.0% |
| Wings Financial Credit Union | $1,185,000 | n/a | 0.0% | |
| United Nations Federal Credit Union | $1,140,000 | n/a | 0.0% | |
| Triad Financial Services Inc | $1,230,000 | $1,135,000 | -7.7% | 0.0% |
| Cornerstone Community Bank | $1,115,000 | n/a | 0.0% | |
| Lake Area Bank | $245,000 | $1,100,000 | 349.0% | 0.0% |
| Mortgage Lenders of America LLC | $1,460,000 | $1,095,000 | -25.0% | 0.0% |
| Community First Credit Union | $215,000 | $1,090,000 | 407.0% | 0.0% |
| MERCHANTS BANK, NA | $305,000 | $1,080,000 | 254.1% | 0.0% |
| Midwest Equity Mortgage LLC | $1,075,000 | n/a | 0.0% | |
| Vibrant Credit Union | $645,000 | $1,075,000 | 66.7% | 0.0% |
| Goldwater Bank National Association | $1,305,000 | $1,065,000 | -18.4% | 0.0% |
| AAG | $975,000 | $1,060,000 | 8.7% | 0.0% |
| First-Citizens Bank & Trust Co | $135,000 | $1,060,000 | 685.2% | 0.0% |
| Tradition Mortgage | $775,000 | $1,060,000 | 36.8% | 0.0% |
| WEI Mortgage LLC | $195,000 | $1,020,000 | 423.1% | 0.0% |
| Northwest Bank of Rockford | $300,000 | $1,015,000 | 238.3% | 0.0% |
| Chicago Financial Services, In | $175,000 | $1,010,000 | 477.1% | 0.0% |
| Citizens Bank | $800,000 | $1,010,000 | 26.3% | 0.0% |
| DEVON BANK | $265,000 | $1,010,000 | 281.1% | 0.0% |
| Discover Bank | $505,000 | $1,005,000 | 99.0% | 0.0% |
| Churchill Mortgage Corporation | $330,000 | $995,000 | 201.5% | 0.0% |
| City National Bank | $205,000 | $990,000 | 382.9% | 0.0% |
| SPRING EQ, LLC | $25,000 | $975,000 | 3,800.0% | 0.0% |
| Central Bank Illinois | $955,000 | n/a | 0.0% | |
| DelMar Financial Company | $930,000 | n/a | 0.0% | |
| Security Financial Bank | $290,000 | $930,000 | 220.7% | 0.0% |
| PHH MORTGAGE CORPORATION | $485,000 | $925,000 | 90.7% | 0.0% |
| Heritage Bank National Association | $915,000 | n/a | 0.0% | |
| Mortgage Solutions of Colorado LLC | $910,000 | n/a | 0.0% | |
| E Mortgage Management LLC | $195,000 | $895,000 | 359.0% | 0.0% |
| American Financing Corporation | $885,000 | n/a | 0.0% | |
| Great Lakes Credit Union | $145,000 | $840,000 | 479.3% | 0.0% |
| Busey Bank | $835,000 | n/a | 0.0% | |
| Summit Funding Inc. | $305,000 | $830,000 | 172.1% | 0.0% |
| Michigan Mutual, Inc. DBA MiMutual Mortgage | $670,000 | $825,000 | 23.1% | 0.0% |
| Provident Funding Associates | $2,755,000 | $820,000 | -70.2% | 0.0% |
| NFM, Inc. | $285,000 | $810,000 | 184.2% | 0.0% |
| The First National Bank of Hartford | $255,000 | $780,000 | 205.9% | 0.0% |
| Reverse Mortgage Funding LLC | $770,000 | n/a | 0.0% | |
| FIRST NATIONAL BANK OF OTTAWA | $165,000 | $760,000 | 360.6% | 0.0% |
| VanDyk Mortgage Corporation | $310,000 | $760,000 | 145.2% | 0.0% |
| Cf Bank National Association | $305,000 | $750,000 | 145.9% | 0.0% |
| WoodTrust Bank | $85,000 | $735,000 | 764.7% | 0.0% |
| Bank Of Springfield | $730,000 | n/a | 0.0% | |
| American Financial Resources Inc. | $285,000 | $725,000 | 154.4% | 0.0% |
| FIRST NATIONAL BANK OF OMAHA | $720,000 | n/a | 0.0% | |
| Alterra Group LLC dba Alterra Home Loans | $460,000 | $715,000 | 55.4% | 0.0% |
| Nations Lending Corporation | $400,000 | $715,000 | 78.8% | 0.0% |
| Sirva Mortgage Inc. | $710,000 | n/a | 0.0% | |
| Florida Capital Bank National Association | $1,205,000 | $705,000 | -41.5% | 0.0% |
| Gold Star Mortgage Financial Group, Corporation | $705,000 | n/a | 0.0% | |
| Bay Equity LLC | $700,000 | n/a | 0.0% | |
| KS StateBank | $1,425,000 | $670,000 | -53.0% | 0.0% |
| Republic Bank & Trust Company | $205,000 | $660,000 | 222.0% | 0.0% |
| First Tennessee Bank National | $645,000 | n/a | 0.0% | |
| Pacor Mortgage Corp | $640,000 | n/a | 0.0% | |
| Nations Direct Mortgage LLC | $630,000 | n/a | 0.0% | |
| Fox Communities Credit Union | $615,000 | n/a | 0.0% | |
| Sierra Pacific Mortgage | $1,065,000 | $605,000 | -43.2% | 0.0% |
| Hometown Lenders LLC | $595,000 | n/a | 0.0% | |
| Northwestern Bank | $325,000 | $595,000 | 83.1% | 0.0% |
| Axos Bank | $225,000 | $580,000 | 157.8% | 0.0% |
| Cornerstone National Bank & Trust Company | $580,000 | $580,000 | 0.0% | 0.0% |
| Hancock Mortgage Partners LLC | $570,000 | n/a | 0.0% | |
| LendSure Mortgage Corp | $740,000 | $570,000 | -23.0% | 0.0% |
| BLUELEAF LENDING, LLC | $560,000 | n/a | 0.0% | |
| GATEWAY MORTGAGE GROUP | $3,150,000 | $550,000 | -82.5% | 0.0% |
| Gateway Mortgage Corporation | $545,000 | n/a | 0.0% | |
| University of Iowa Community Credit Union | $545,000 | n/a | 0.0% | |
| Commerce State Bank | $285,000 | $540,000 | 89.5% | 0.0% |
| Evansville Teachers Federal Credit Union | $540,000 | n/a | 0.0% | |
| Intercity State Bank | $530,000 | n/a | 0.0% | |
| Quorum Federal Credit Union | $25,000 | $530,000 | 2,020.0% | 0.0% |
| PLUS RELOCATION MORTGAGE, LLC | $455,000 | $505,000 | 11.0% | 0.0% |
| The Anderson Financial Group Inc | $505,000 | n/a | 0.0% | |
| Veridian Credit Union | $255,000 | $500,000 | 96.1% | 0.0% |
| First Choice Loan Services Inc. | $740,000 | $495,000 | -33.1% | 0.0% |
| First Federal Savings Bank | $495,000 | n/a | 0.0% | |
| American National Bank Fox Cities | $480,000 | n/a | 0.0% | |
| CAPITAL BANK, NA | $475,000 | n/a | 0.0% | |
| United Fidelity Funding Corp. | $455,000 | n/a | 0.0% | |
| Consumers Credit Union | $445,000 | n/a | 0.0% | |
| Flat Branch Mortgage Inc. | $445,000 | n/a | 0.0% | |
| Mid-Continent Funding, Inc. | $440,000 | n/a | 0.0% | |
| First Home Bank | $430,000 | $435,000 | 1.2% | 0.0% |
| Ruoff Home Mortgage | $435,000 | n/a | 0.0% | |
| First Federal Bank of Kansas City | $430,000 | n/a | 0.0% | |
| Cambria Mortgage | $75,000 | $425,000 | 466.7% | 0.0% |
| Community State Bank | $425,000 | n/a | 0.0% | |
| Weichert Financial Services | $425,000 | n/a | 0.0% | |
| American Neighborhood Mortgage dba AnnieMac Home Mortgage | $615,000 | $420,000 | -31.7% | 0.0% |
| 21ST MORTGAGE | $60,000 | $415,000 | 591.7% | 0.0% |
| American Residential Lending | $415,000 | n/a | 0.0% | |
| Northwest Bank | $400,000 | n/a | 0.0% | |
| RBC Bank (Georgia), N.A. | $395,000 | n/a | 0.0% | |
| Academy Mortgage Corporation | $390,000 | n/a | 0.0% | |
| Home Bank National Association | $390,000 | n/a | 0.0% | |
| FIRST NATIONAL BANK OF AMERICA | $640,000 | $385,000 | -39.8% | 0.0% |
| Farmers State Bank | $380,000 | n/a | 0.0% | |
| Success Mortgage Partners Inc. | $380,000 | n/a | 0.0% | |
| AUSTIN CAPITAL BANK SSB | $375,000 | n/a | 0.0% | |
| Bluff View Bank | $375,000 | n/a | 0.0% | |
| BOKF NA | $1,250,000 | $375,000 | -70.0% | 0.0% |
| Level One Bank | $375,000 | n/a | 0.0% | |
| SecurityNational Mortgage Company | $375,000 | n/a | 0.0% | |
| American Portfolio Mortgage | $370,000 | n/a | 0.0% | |
| Citizens State Bank of La Crosse | $370,000 | n/a | 0.0% | |
| Nudge Funding LLC | $365,000 | n/a | 0.0% | |
| BLC Community Bank | $225,000 | $360,000 | 60.0% | 0.0% |
| Plains Commerce Bank | $530,000 | $360,000 | -32.1% | 0.0% |
| Residential Mortgage LLC | $285,000 | $355,000 | 24.6% | 0.0% |
| COLLINS STATE BANK | $125,000 | $350,000 | 180.0% | 0.0% |
| M&T Bank | $350,000 | n/a | 0.0% | |
| BANK OF THE WEST | $345,000 | n/a | 0.0% | |
| Total Mortgage Services LLC | $665,000 | $345,000 | -48.1% | 0.0% |
| Holcomb Bank | $335,000 | n/a | 0.0% | |
| Willamette Valley Bank | $675,000 | $335,000 | -50.4% | 0.0% |
| Citizens Equity First Credit Union (CEFCU) | $400,000 | $330,000 | -17.5% | 0.0% |
| CBI Bank & Trust | $325,000 | n/a | 0.0% | |
| First National Community Bank | $325,000 | n/a | 0.0% | |
| Regent Financial Group | $325,000 | n/a | 0.0% | |
| Stillman BancCorp, N.A. | $325,000 | n/a | 0.0% | |
| First Savings Bank | $720,000 | $320,000 | -55.6% | 0.0% |
| Finance of America Reverse LLC | $130,000 | $315,000 | 142.3% | 0.0% |
| Megastar Financial Corporation | $315,000 | n/a | 0.0% | |
| Prime Financial Credit Union | $310,000 | n/a | 0.0% | |
| First International Bank & Trust | $305,000 | n/a | 0.0% | |
| Evolve Bank & Trust | $300,000 | n/a | 0.0% | |
| ALERUS FINANCIAL NA | $45,000 | $295,000 | 555.6% | 0.0% |
| Digital Federal Credit Union | $295,000 | n/a | 0.0% | |
| Platinum Home Mortgage Corporation | $285,000 | n/a | 0.0% | |
| Mid America Mortgage Inc. | $270,000 | $280,000 | 3.7% | 0.0% |
| Union Savings Bank | $265,000 | $280,000 | 5.7% | 0.0% |
| ARVEST BANK | $125,000 | $275,000 | 120.0% | 0.0% |
| Crescent Mortgage Company | $3,245,000 | $275,000 | -91.5% | 0.0% |
| Goodfield State Bank | $275,000 | n/a | 0.0% | |
| Midwest Heritage Bank FSB | $265,000 | $275,000 | 3.8% | 0.0% |
| Town and Country Banc Mortgage | $275,000 | $275,000 | 0.0% | 0.0% |
| Oceanside Mortgage Company | $265,000 | n/a | 0.0% | |
| Connexus Credit Union | $55,000 | $260,000 | 372.7% | 0.0% |
| Advantage Community Bank | $205,000 | $255,000 | 24.4% | 0.0% |
| Blue Ridge Bank, NA | $285,000 | $255,000 | -10.5% | 0.0% |
| Citywide Home Loans A Utah Corporation | $255,000 | n/a | 0.0% | |
| CommunityAmerica Credit Union | $255,000 | n/a | 0.0% | |
| Fidelity Bank | $255,000 | n/a | 0.0% | |
| First Bankers Trust Company National Association | $255,000 | n/a | 0.0% | |
| First Financial Credit Union | $205,000 | $255,000 | 24.4% | 0.0% |
| Gate City Bank | $255,000 | $255,000 | 0.0% | 0.0% |
| Impac Mortgage Corp. dba CashCall Mortgage | $340,000 | $255,000 | -25.0% | 0.0% |
| UnitedOne Credit Union | $985,000 | $255,000 | -74.1% | 0.0% |
| GUARDIAN CREDIT UNION | $435,000 | $245,000 | -43.7% | 0.0% |
| Liberty Savings Bank F.S.B. | $245,000 | n/a | 0.0% | |
| Loan Simple Inc | $245,000 | n/a | 0.0% | |
| Open Mortgage LLC | $245,000 | n/a | 0.0% | |
| Wolf River Community Bank | $245,000 | n/a | 0.0% | |
| Anheuser Busch Employees Credit Union | $235,000 | n/a | 0.0% | |
| Neighborhood Loans | $105,000 | $235,000 | 123.8% | 0.0% |
| Northwestern Mutual CU | $205,000 | $235,000 | 14.6% | 0.0% |
| Triumph Bank | $275,000 | $235,000 | -14.5% | 0.0% |
| US Mortgage of Florida | $235,000 | n/a | 0.0% | |
| Bay Valley Mortgage Group DBA Pacific Bay Lending Group | $680,000 | $225,000 | -66.9% | 0.0% |
| Eastman Credit Union | $225,000 | n/a | 0.0% | |
| Heartland Bank and Trust Co | $225,000 | n/a | 0.0% | |
| James B. Nutter & Company | $225,000 | $225,000 | 0.0% | 0.0% |
| Lincoln Savings Bank | $225,000 | n/a | 0.0% | |
| Old Second National Bank | $225,000 | n/a | 0.0% | |
| Allied First BankSB | $215,000 | n/a | 0.0% | |
| BlackRidgeBANK | $215,000 | n/a | 0.0% | |
| FIRST NATIONAL BANK OF MIDDLE TENNESSEE | $215,000 | n/a | 0.0% | |
| Frandsen Bank & Trust | $215,000 | n/a | 0.0% | |
| River Bank | $3,155,000 | $215,000 | -93.2% | 0.0% |
| Governmental Employees Credit Union | $210,000 | n/a | 0.0% | |
| ANGEL OAK HOME LOANS LLC | $205,000 | n/a | 0.0% | |
| Bristol Morgan Bank | $1,150,000 | $205,000 | -82.2% | 0.0% |
| Dominion Financial Services | $205,000 | n/a | 0.0% | |
| Illinois National Bank | $235,000 | $205,000 | -12.8% | 0.0% |
| The Harvard State Bank | $205,000 | n/a | 0.0% | |
| Third Federal Savings and Loan | $235,000 | $205,000 | -12.8% | 0.0% |
| Citizens State Bank of Loyal | $195,000 | n/a | 0.0% | |
| First American Bank | $195,000 | n/a | 0.0% | |
| FNBC Bank and Trust | $185,000 | n/a | 0.0% | |
| Guaranty Trust Company | $390,000 | $185,000 | -52.6% | 0.0% |
| Inland Bank and Trust | $275,000 | $185,000 | -32.7% | 0.0% |
| Nationwide Mortgage Bankers Inc. | $185,000 | n/a | 0.0% | |
| Angel Oak Mortgage Solutions | $395,000 | $175,000 | -55.7% | 0.0% |
| Castle & Cooke Mortgage LLC | $175,000 | n/a | 0.0% | |
| Citizens Community Federal NA | $510,000 | $175,000 | -65.7% | 0.0% |
| Mutual Federal Bank | $175,000 | n/a | 0.0% | |
| Norwich Commercial Group Inc | $175,000 | n/a | 0.0% | |
| Co-op Credit Union | $230,000 | $170,000 | -26.1% | 0.0% |
| Genisys Credit Union | $165,000 | n/a | 0.0% | |
| Hiawatha National Bank | $165,000 | n/a | 0.0% | |
| MLD Mortgage Inc. | $165,000 | n/a | 0.0% | |
| UNIFY Financial Credit Union | $1,010,000 | $165,000 | -83.7% | 0.0% |
| Community Savings Bank | $155,000 | n/a | 0.0% | |
| Farmers & Merchants Savings Bank | $155,000 | n/a | 0.0% | |
| Signature Federal Credit Union | $155,000 | n/a | 0.0% | |
| SoFi Mortgage, LLC | $305,000 | $155,000 | -49.2% | 0.0% |
| Summit Mortgage Corporation | $155,000 | n/a | 0.0% | |
| NuMark Credit Union | $145,000 | n/a | 0.0% | |
| Tri City National Bank | $145,000 | n/a | 0.0% | |
| DIAMOND RESIDENTIAL MTG CORP | $390,000 | $135,000 | -65.4% | 0.0% |
| First State Bank and Trust | $135,000 | $135,000 | 0.0% | 0.0% |
| Forward Bank | $235,000 | $135,000 | -42.6% | 0.0% |
| HSBC BANK USA, NA | $125,000 | n/a | 0.0% | |
| Mortgage Center LLC | $515,000 | $125,000 | -75.7% | 0.0% |
| Oostburg State Bank | $115,000 | n/a | 0.0% | |
| Selfreliance Federal Credit Union | $115,000 | n/a | 0.0% | |
| AMERIS BANK | $105,000 | n/a | 0.0% | |
| Midland States Bank | $515,000 | $105,000 | -79.6% | 0.0% |
| Advia Credit Union | $285,000 | $100,000 | -64.9% | 0.0% |
| Hiway Federal Credit Union | $100,000 | n/a | 0.0% | |
| Liberty Home Equity Solutions, Inc. | $320,000 | $95,000 | -70.3% | 0.0% |
| Home Loan Investment Bank | $90,000 | $65,000 | -27.8% | 0.0% |
| CLEARPOINTE CAPITAL, LLC | $135,000 | $55,000 | -59.3% | 0.0% |
| Centier Bank | $25,000 | n/a | 0.0% |
MADISON's top lender by overall market share is University of Wisconsin Credit Union, with 15.1% market share. In second place, with 13.9%, is Summit Credit Union, having originated $1,589,820,000 in loans. In third place, with 5.3%, is FAIRWAY INDEPENDENT MORT CORP, having originated $599,310,000 in loans. In third place, with 3.2%, is State Bank of Cross Plains, having originated $361,080,000 in loans. In third place, with 2.8%, is Barrington Bank & Trust, having originated $317,965,000 in loans.
MADISON, WI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Refi | 24,110 | $5,822,010,000 | $241,477 |
| Home Purchase | 10,975 | $3,280,775,000 | $298,932 |
| Cash Out Refi | 8,000 | $1,859,510,000 | $232,439 |
| Other | 2,544 | $210,920,000 | $82,909 |
| Home Improvement | 2,532 | $223,630,000 | $88,321 |
| NA | 1 | $135,000 | $135,000 |
Madison's most frequently cited loan purpose was Refi, with 24,110 originations. The 2nd most popular reason was Home Purchase, with 10,975 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 17,569 | $4,182,945,000 | $238,087 |
| 3-4% | 14,143 | $3,789,255,000 | $267,924 |
| <2.5% | 8,697 | $1,483,165,000 | $170,538 |
| 4-5% | 1,014 | $303,790,000 | $299,596 |
| 5-6% | 576 | $41,220,000 | $71,563 |
| 6-7% | 99 | $6,595,000 | $66,616 |
| Over 8% | 73 | $3,985,000 | $54,589 |
| 7-8% | 50 | $5,900,000 | $118,000 |
During 2020, Madison's most frequently originated rate bucket was 2.5-3%, with 17,569 originations.
Loan Sizing (MADISON, WI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 21,196 | $5,848,970,000 | $275,947 |
| $100k-200k | 14,795 | $2,252,305,000 | $152,234 |
| $100,000 or less | 8,095 | $442,655,000 | $54,683 |
| $400k-600k | 3,461 | $1,603,225,000 | $463,226 |
| $600k-1000k | 417 | $308,485,000 | $739,772 |
| $Over $1MM | 198 | $941,340,000 | $4,754,242 |
MADISON's loan sizing saw the bucket of loans from $200k-400k with 21,196 originations, totaling $5,848,970,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 14,718 | $4,251,150,000 | $288,840 |
| 80-100% | 10,270 | $2,940,850,000 | $286,353 |
| 40-60% | 7,267 | $1,648,875,000 | $226,899 |
| 20-40% | 4,599 | $570,215,000 | $123,987 |
| Under 20% | 4,548 | $210,180,000 | $46,214 |
| Over 100% | 148 | $47,520,000 | $321,081 |
MADISON's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 14,718 originations, totaling $4,251,150,000 in origination value.