MADISON Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Madison averaged
6.6%
for the week of 2025-07-03, compared to the national average of
6.67% for the same period.
The average rate for the prior week (2025-06-26) was
6.6% and
one month ago for the week of 2025-05-29, the
average rate was 6.82%.
Madison's average rate one year ago was 6.69%.
For refis of the same type during the week of 2025-07-03, the average rate
was 6.13%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-07-03 | 6.67% |
| Madison 30 Year Fixed Rate | 2025-07-03 | 6.6% |
| Madison 30 Year Fixed Rate Refi | 2025-07-03 | 6.13% |
| Madison 15 Year Fixed Rate | 2025-07-03 | 5.99% |
| Madison 15 Year Fixed Rate Refi | 2025-07-03 | 5.82% |
| Madison 30 Year FHA | 2025-07-03 | 0.37% |
| Madison 30 Year FHA Refi | 2025-07-03 | 0.1% |
| Madison 30 Year USDA | 2025-07-03 | -0.2% |
| Madison 30 Year USDA Refi | 2025-07-03 | -0.2% |
| Madison 30 Year VA | 2025-07-03 | 0.27% |
| Madison 30 Year VA Refi | 2025-07-03 | -0.59% |
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 lender, 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 Average Closing Costs & Other Stats
MADISON, WI's 206 lenders originated 17,420
loans during 2024. The total origination value was $4,937,960,000, with an average loan value of
$283,465.
MADISON's average closing costs are $3,403.
The top MADISON lender as defined by loan originations is University of Wisconsin Credit Union, with
1,128 loans originated. Their average total fees are
$3,781, which is $702
higher than the next largest lender,
Summit Credit Union.
The lowest fee MADISON lenders (with over 10 loans originated) are
Landmark Credit Union ($2,258), The Bank of New Glarus ($2,493), Johnson Bank ($2,522), The Park Bank ($2,561) and Starion Bank ($2,593).
The lowest rate MADISON lenders (with over 10 loans originated) are
EAGLE HOME MORTGAGE, LLC (5.41%), DUPACO COMMUNITY (6.02%), Morgan Stanley Private Bank (6.06%), NAVY FEDERAL CREDIT UNION (6.11%) and Bankers' Bank (6.20%).
MADISON, WI Mortgage 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| University of Wisconsin Credit Union | $622,365,000 | $738,915,000 | 18.7% | 15.0% |
| Summit Credit Union | $746,765,000 | $694,945,000 | -6.9% | 14.1% |
| THOMPSON KANE & COMPANY, LLC | $217,450,000 | $216,900,000 | -0.3% | 4.4% |
| Citibank | $1,470,000 | $195,535,000 | 13,201.7% | 4.0% |
| Barrington Bank & Trust Company, N.A. | $136,090,000 | $177,505,000 | 30.4% | 3.6% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $159,160,000 | $171,025,000 | 7.5% | 3.5% |
| State Bank of Cross Plains | $195,585,000 | $145,815,000 | -25.4% | 3.0% |
| The Bank of New Glarus | $66,115,000 | $107,470,000 | 62.6% | 2.2% |
| Bell Bank | $69,775,000 | $102,300,000 | 46.6% | 2.1% |
| Johnson Bank | $68,890,000 | $101,670,000 | 47.6% | 2.1% |
| The Park Bank | $138,880,000 | $98,500,000 | -29.1% | 2.0% |
| Old National Bank | $86,760,000 | $93,385,000 | 7.6% | 1.9% |
| GUILD MORTGAGE COMPANY | $64,550,000 | $88,805,000 | 37.6% | 1.8% |
| Oregon Community Bank | $49,340,000 | $88,655,000 | 79.7% | 1.8% |
| U.S. Bank | $52,420,000 | $82,405,000 | 57.2% | 1.7% |
| Bank of Sun Prairie | $86,995,000 | $75,125,000 | -13.6% | 1.5% |
| Landmark Credit Union | $18,050,000 | $73,025,000 | 304.6% | 1.5% |
| BMO Harris Bank | $53,040,000 | $67,030,000 | 26.4% | 1.4% |
| QUICKEN LOANS, LLC | $49,140,000 | $60,875,000 | 23.9% | 1.2% |
| UNITED WHOLESALE MORTGAGE, LLC | $43,205,000 | $58,460,000 | 35.3% | 1.2% |
| WALKER & DUNLOP, LLC | $211,885,000 | $57,355,000 | -72.9% | 1.2% |
| Associated Bank | $83,600,000 | $53,745,000 | -35.7% | 1.1% |
| Prosperity Home Mortgage, LLC | $39,220,000 | $51,845,000 | 32.2% | 1.0% |
| NEWREZ LLC | $17,095,000 | $45,335,000 | 165.2% | 0.9% |
| Heartland Credit Union (Madison) | $44,840,000 | $44,430,000 | -0.9% | 0.9% |
| JPMorgan Chase Bank | $25,680,000 | $40,000,000 | 55.8% | 0.8% |
| BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $36,135,000 | n/a | 0.7% | |
| Wells Fargo Bank | $11,705,000 | $34,420,000 | 194.1% | 0.7% |
| WINGS FINANCIAL | $15,560,000 | $33,215,000 | 113.5% | 0.7% |
| EAGLE HOME MORTGAGE, LLC | $17,605,000 | $32,690,000 | 85.7% | 0.7% |
| Town Bank, N.A. | $23,285,000 | $26,790,000 | 15.1% | 0.5% |
| The Greenwood's State Bank | $885,000 | $26,470,000 | 2,891.0% | 0.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $25,555,000 | $25,685,000 | 0.5% | 0.5% |
| Farmers Savings Bank | $8,870,000 | $23,205,000 | 161.6% | 0.5% |
| Nations Lending Corporation | $19,495,000 | $22,970,000 | 17.8% | 0.5% |
| Ixonia Bank | $16,430,000 | $22,710,000 | 38.2% | 0.5% |
| Mortgage Research Center, LLC | $19,145,000 | $22,360,000 | 16.8% | 0.5% |
| Capitol Bank | $19,295,000 | $22,295,000 | 15.5% | 0.5% |
| CBRE MULTIFAMILY CAPITAL, INC. | $22,165,000 | n/a | 0.4% | |
| Woodford State Bank | $20,150,000 | $21,865,000 | 8.5% | 0.4% |
| CAPITAL Credit Union | $21,705,000 | n/a | 0.4% | |
| DUPACO COMMUNITY | $52,045,000 | $19,185,000 | -63.1% | 0.4% |
| Farmers & Merchants State Bank | $16,435,000 | $17,920,000 | 9.0% | 0.4% |
| The Huntington National Bank | $27,860,000 | $16,810,000 | -39.7% | 0.3% |
| COMPEER FINANCIAL, FLCA | $4,855,000 | $16,610,000 | 242.1% | 0.3% |
| PENNYMAC LOAN SERVICES, LLC | $5,180,000 | $16,165,000 | 212.1% | 0.3% |
| The Peoples Community Bank | $14,660,000 | $15,695,000 | 7.1% | 0.3% |
| Bank of Deerfield | $17,175,000 | $15,535,000 | -9.5% | 0.3% |
| The Bank of Brodhead | $13,035,000 | $15,490,000 | 18.8% | 0.3% |
| Bank First, N.A. | $13,520,000 | $15,180,000 | 12.3% | 0.3% |
| Starion Bank | $21,630,000 | $14,780,000 | -31.7% | 0.3% |
| Morgan Stanley Private Bank | $12,145,000 | $14,125,000 | 16.3% | 0.3% |
| DMB Community Bank | $16,820,000 | $14,085,000 | -16.3% | 0.3% |
| Prevail Bank | $2,120,000 | $13,875,000 | 554.5% | 0.3% |
| GUARANTEED RATE, INC. | $7,215,000 | $13,470,000 | 86.7% | 0.3% |
| Oak Bank | $10,890,000 | $13,355,000 | 22.6% | 0.3% |
| Merchants Bank of Indiana | $19,005,000 | $13,290,000 | -30.1% | 0.3% |
| Bank Five Nine | $12,300,000 | $13,265,000 | 7.8% | 0.3% |
| LOANDEPOT.COM, LLC | $7,035,000 | $12,900,000 | 83.4% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $8,260,000 | $11,825,000 | 43.2% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $7,345,000 | $11,015,000 | 50.0% | 0.2% |
| FREEDOM MORTGAGE CORPORATION | $3,855,000 | $10,665,000 | 176.7% | 0.2% |
| WaterStone Bank, SSB | $8,710,000 | n/a | 0.2% | |
| S1L, Inc. | $615,000 | $8,300,000 | 1,249.6% | 0.2% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $370,000 | $7,755,000 | 1,995.9% | 0.2% |
| USAA Federal Savings Bank | $5,745,000 | $7,745,000 | 34.8% | 0.2% |
| Sierra Pacific Mortgage Company, Inc. | $330,000 | $7,215,000 | 2,086.4% | 0.1% |
| Bank of England | $6,250,000 | $7,090,000 | 13.4% | 0.1% |
| A + MORTGAGE SERVICES, INC. | $9,550,000 | $6,315,000 | -33.9% | 0.1% |
| Mr. Cooper ( Nationstar Mortgage ) | $3,745,000 | $6,280,000 | 67.7% | 0.1% |
| Bank of America | $7,540,000 | $5,410,000 | -28.2% | 0.1% |
| AmeriHome Mortgage Company, LLC | $1,120,000 | $5,355,000 | 378.1% | 0.1% |
| Union Federal Savings and Loan Association | $5,525,000 | $5,305,000 | -4.0% | 0.1% |
| The First National Bank and Trust Company | $5,790,000 | $5,170,000 | -10.7% | 0.1% |
| MOVEMENT MORTGAGE, LLC | $2,925,000 | $5,080,000 | 73.7% | 0.1% |
| PNC Bank | $3,035,000 | $5,050,000 | 66.4% | 0.1% |
| PLANET HOME LENDING, LLC | $2,935,000 | $5,000,000 | 70.4% | 0.1% |
| Bankers' Bank | $5,450,000 | $4,975,000 | -8.7% | 0.1% |
| BROKER SOLUTIONS, INC. | $1,515,000 | $4,870,000 | 221.5% | 0.1% |
| Charles Schwab Bank, SSB | $5,050,000 | $4,665,000 | -7.6% | 0.1% |
| CMG MORTGAGE, INC. | $1,180,000 | $4,525,000 | 283.5% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $3,415,000 | $4,475,000 | 31.0% | 0.1% |
| Farmers and Merchants Union Bank | $4,360,000 | $4,430,000 | 1.6% | 0.1% |
| CARDINAL FINANCIAL | $6,025,000 | $4,370,000 | -27.5% | 0.1% |
| Horicon Bank | $4,560,000 | $4,370,000 | -4.2% | 0.1% |
| Fortifi Bank | $3,475,000 | $4,225,000 | 21.6% | 0.1% |
| Baraboo State Bank | $3,230,000 | $4,125,000 | 27.7% | 0.1% |
| Flagstar Bank, FSB | $3,305,000 | $4,015,000 | 21.5% | 0.1% |
| Royal Bank | $4,265,000 | $3,995,000 | -6.3% | 0.1% |
| Great Midwest Bank, S.S.B. | $3,550,000 | $3,710,000 | 4.5% | 0.1% |
| BAY EQUITY LLC | $2,575,000 | $3,620,000 | 40.6% | 0.1% |
| Century Mortgage Company DBA Century Lending Company | $2,045,000 | $3,405,000 | 66.5% | 0.1% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $3,380,000 | n/a | 0.1% | |
| GREENSTATE CREDIT UNION | $2,555,000 | $3,275,000 | 28.2% | 0.1% |
| Bank of Wisconsin Dells | $1,325,000 | $3,105,000 | 134.3% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $365,000 | $3,065,000 | 739.7% | 0.1% |
| Blackhawk Community Credit Union | $4,800,000 | $3,020,000 | -37.1% | 0.1% |
| BETTER MORTGAGE CORPORATION | $3,410,000 | $2,965,000 | -13.0% | 0.1% |
| NBKC BANK | $1,860,000 | $2,965,000 | 59.4% | 0.1% |
| LAKE MICHIGAN CREDIT UNION | $2,510,000 | $2,895,000 | 15.3% | 0.1% |
| Discover Bank | $2,675,000 | $2,860,000 | 6.9% | 0.1% |
| First Community Bank | $840,000 | $2,855,000 | 239.9% | 0.1% |
| Connexus Credit Union | $3,725,000 | $2,830,000 | -24.0% | 0.1% |
| National Exchange Bank and Trust | $4,750,000 | $2,815,000 | -40.7% | 0.1% |
| State Bank of the Lakes | $2,795,000 | n/a | 0.1% | |
| HOMESIDE FINANCIAL, LLC | $890,000 | $2,755,000 | 209.6% | 0.1% |
| First Federal Bank | $3,235,000 | $2,730,000 | -15.6% | 0.1% |
| ALLIANT CREDIT UNION | $380,000 | $2,660,000 | 600.0% | 0.1% |
| ALTRA | $1,375,000 | $2,650,000 | 92.7% | 0.1% |
| Nicolet National Bank | $2,755,000 | $2,645,000 | -4.0% | 0.1% |
| IncredibleBank | $9,700,000 | $2,635,000 | -72.8% | 0.1% |
| FIRST COLONY MORTGAGE CORPORATION | $2,620,000 | n/a | 0.1% | |
| Royal Credit Union | $1,805,000 | $2,580,000 | 42.9% | 0.1% |
| UNION HOME MORTGAGE CORP. | $1,130,000 | $2,560,000 | 126.5% | 0.1% |
| HOMESTEAD FUNDING CORP. | $375,000 | $2,515,000 | 570.7% | 0.1% |
| CoVantage Credit Union | $2,440,000 | $2,485,000 | 1.8% | 0.1% |
| Goldman Sachs Bank USA | $1,590,000 | $2,485,000 | 56.3% | 0.1% |
| MARINE | $7,710,000 | $2,445,000 | -68.3% | 0.0% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $860,000 | $2,440,000 | 183.7% | 0.0% |
| NFM, INC. | $2,390,000 | n/a | 0.0% | |
| EDUCATORS CREDIT UNION | $2,450,000 | $2,375,000 | -3.1% | 0.0% |
| ENVOY MORTGAGE, LTD | $1,030,000 | $2,260,000 | 119.4% | 0.0% |
| Frandsen Bank & Trust | $1,890,000 | $2,220,000 | 17.5% | 0.0% |
| Armed Forces Bank | $775,000 | $2,165,000 | 179.4% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $1,530,000 | $2,160,000 | 41.2% | 0.0% |
| PREMIA MORTGAGE, LLC | $435,000 | $2,080,000 | 378.2% | 0.0% |
| Raymond James Bank | $710,000 | $1,965,000 | 176.8% | 0.0% |
| Alerus Financial | $385,000 | $1,925,000 | 400.0% | 0.0% |
| IOWA BANKERS MORTGAGE CORPORATION | $475,000 | $1,905,000 | 301.1% | 0.0% |
| Stifel Bank and Trust | $275,000 | $1,720,000 | 525.5% | 0.0% |
| Deere Employees Credit Union | $1,195,000 | $1,710,000 | 43.1% | 0.0% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $1,035,000 | $1,705,000 | 64.7% | 0.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $3,190,000 | $1,645,000 | -48.4% | 0.0% |
| AMERISAVE MORTGAGE CORPORATION | $2,270,000 | $1,620,000 | -28.6% | 0.0% |
| Figure Lending LLC | $990,000 | $1,620,000 | 63.6% | 0.0% |
| First Community Credit Union | $1,680,000 | $1,610,000 | -4.2% | 0.0% |
| First-Citizens Bank & Trust Company | $355,000 | $1,585,000 | 346.5% | 0.0% |
| VILLAGE CAPITAL MORTGAGE | $980,000 | $1,525,000 | 55.6% | 0.0% |
| MidWestOne Bank | $24,675,000 | $1,520,000 | -93.8% | 0.0% |
| Baxter Credit Union | $1,500,000 | $1,515,000 | 1.0% | 0.0% |
| American Mortgage & Equity Consultants, Inc. | $950,000 | $1,500,000 | 57.9% | 0.0% |
| Ally Bank | $3,880,000 | $1,490,000 | -61.6% | 0.0% |
| AMERICAN FINANCING CORPORATION | $1,490,000 | n/a | 0.0% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,490,000 | n/a | 0.0% | |
| Citizens Bank | $345,000 | $1,470,000 | 326.1% | 0.0% |
| DAS Acquisition Company, LLC | $1,500,000 | $1,465,000 | -2.3% | 0.0% |
| Bank of Milton | $505,000 | $1,405,000 | 178.2% | 0.0% |
| Carrington Mortgage Services, LLC | $950,000 | $1,385,000 | 45.8% | 0.0% |
| Plains Commerce Bank | $235,000 | $1,380,000 | 487.2% | 0.0% |
| Devon Bank | $1,370,000 | n/a | 0.0% | |
| LENDSURE MORTGAGE CORP. | $1,340,000 | n/a | 0.0% | |
| Peoples State Bank | $1,305,000 | $1,285,000 | -1.5% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $290,000 | $1,250,000 | 331.0% | 0.0% |
| Coastal Community Bank | $600,000 | $1,205,000 | 100.8% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $1,520,000 | $1,205,000 | -20.7% | 0.0% |
| NEW DAY FINANCIAL, LLC | $430,000 | $1,190,000 | 176.7% | 0.0% |
| Waukesha State Bank | $1,185,000 | $1,185,000 | 0.0% | 0.0% |
| GUIDANCE RESIDENTIAL, LLC | $1,175,000 | n/a | 0.0% | |
| EVERETT FINANCIAL, INC. | $165,000 | $1,170,000 | 609.1% | 0.0% |
| FIRST COMMUNITY MORTGAGE, INC. | $1,170,000 | n/a | 0.0% | |
| First Fidelity Bank | $1,155,000 | n/a | 0.0% | |
| PremierBank | $1,795,000 | $1,105,000 | -38.4% | 0.0% |
| PROPER RATE, LLC | $255,000 | $1,095,000 | 329.4% | 0.0% |
| Servion, Inc. | $1,135,000 | $1,095,000 | -3.5% | 0.0% |
| GSF Mortgage Corporation | $1,085,000 | n/a | 0.0% | |
| Farmers Bank & Trust | $1,005,000 | $1,080,000 | 7.5% | 0.0% |
| OCMBC, INC. | $525,000 | $1,075,000 | 104.8% | 0.0% |
| GUARANTEED RATE AFFINITY, LLC | $1,385,000 | $1,065,000 | -23.1% | 0.0% |
| AMWEST FUNDING CORP. | $1,045,000 | n/a | 0.0% | |
| CLEARPATH LENDING | $835,000 | $1,045,000 | 25.1% | 0.0% |
| Badger Bank | $905,000 | $1,035,000 | 14.4% | 0.0% |
| TOWNE MORTGAGE COMPANY | $1,035,000 | n/a | 0.0% | |
| TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $830,000 | $1,020,000 | 22.9% | 0.0% |
| Forward Bank | $1,005,000 | n/a | 0.0% | |
| Kohler Credit Union | $315,000 | $995,000 | 215.9% | 0.0% |
| Equity Prime Mortgage LLC | $335,000 | $990,000 | 195.5% | 0.0% |
| UBS Bank USA | $3,785,000 | $950,000 | -74.9% | 0.0% |
| MEMBER FIRST MORTGAGE, LLC | $935,000 | n/a | 0.0% | |
| SIRVA MORTGAGE, INC. | $1,220,000 | $935,000 | -23.4% | 0.0% |
| Wintrust Bank, N.A. | $920,000 | n/a | 0.0% | |
| Ameris Bank | $885,000 | n/a | 0.0% | |
| Gate City Bank | $885,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $975,000 | $865,000 | -11.3% | 0.0% |
| First Mid Bank & Trust | $855,000 | n/a | 0.0% | |
| Park State Bank | $830,000 | n/a | 0.0% | |
| REDWOOD RESIDENTIAL ACQUISITION CORPORATION | $825,000 | n/a | 0.0% | |
| ADVIA | $380,000 | $810,000 | 113.2% | 0.0% |
| Tradition Mortgage, LLC | $810,000 | n/a | 0.0% | |
| American National Bank - Fox Cities | $805,000 | n/a | 0.0% | |
| EMM LOANS LLC | $745,000 | n/a | 0.0% | |
| Third Federal Savings and Loan Association of Cleveland | $330,000 | $740,000 | 124.2% | 0.0% |
| The Equitable Bank, S.S.B. | $185,000 | $730,000 | 294.6% | 0.0% |
| The Loan Store, Inc. | $725,000 | n/a | 0.0% | |
| ZILLOW HOME LOANS, LLC | $2,370,000 | $725,000 | -69.4% | 0.0% |
| Fifth Third Bank | $720,000 | n/a | 0.0% | |
| Cornerstone First Mortgage, Inc | $685,000 | n/a | 0.0% | |
| Pinnacle Bank | $685,000 | n/a | 0.0% | |
| FIRST STATE MORTGAGE SERVICES, LLC | $1,035,000 | $665,000 | -35.7% | 0.0% |
| The Dart Bank | $1,350,000 | $665,000 | -50.7% | 0.0% |
| Arvest Bank | $155,000 | $660,000 | 325.8% | 0.0% |
| PyraMax Bank, FSB | $195,000 | $660,000 | 238.5% | 0.0% |
| NEXERA HOLDING LLC | $645,000 | n/a | 0.0% | |
| MORTGAGE CENTER L.C | $625,000 | n/a | 0.0% | |
| Coulee Bank | $315,000 | $620,000 | 96.8% | 0.0% |
| UIF CORPORATION | $1,855,000 | $620,000 | -66.6% | 0.0% |
| SUCCESS MORTGAGE PARTNERS, INC. | $520,000 | $610,000 | 17.3% | 0.0% |
| The Federal Savings Bank | $205,000 | $610,000 | 197.6% | 0.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,910,000 | $605,000 | -68.3% | 0.0% |
| SUN WEST MORTGAGE COMPANY, INC. | $600,000 | n/a | 0.0% | |
| Atlantic Coast Mortgage, LLC | $585,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $245,000 | $575,000 | 134.7% | 0.0% |
| VERIDIAN CREDIT UNION | $480,000 | $575,000 | 19.8% | 0.0% |
| Bethpage Federal Credit Union | $565,000 | n/a | 0.0% | |
| HOMEXPRESS MORTGAGE CORP. | $565,000 | n/a | 0.0% | |
| LAKEVIEW LOAN SERVICING, LLC | $570,000 | $565,000 | -0.9% | 0.0% |
| Northview Bank | $565,000 | n/a | 0.0% | |
| Waterstone Mortgage Corporation | $440,000 | $565,000 | 28.4% | 0.0% |
| UNITEDONE Credit Union | $35,000 | $555,000 | 1,485.7% | 0.0% |
| Uwharrie Bank | $555,000 | n/a | 0.0% | |
| AMERICAN HERITAGE LENDING, INC. | $235,000 | $550,000 | 134.0% | 0.0% |
| General Mortgage Capital Corporation | $550,000 | n/a | 0.0% | |
| Magnolia Bank | $765,000 | $540,000 | -29.4% | 0.0% |
| ARC HOME LLC | $1,020,000 | $530,000 | -48.0% | 0.0% |
| TOP FLITE FINANCIAL, INC. | $370,000 | $530,000 | 43.2% | 0.0% |
| V.I.P. MORTGAGE, INC. | $430,000 | $510,000 | 18.6% | 0.0% |
| Central Bank Illinois | $505,000 | n/a | 0.0% | |
| PURDUE FEDERAL CREDIT UNION | $505,000 | n/a | 0.0% | |
| Old Plank Trail Community Bank | $495,000 | n/a | 0.0% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $485,000 | n/a | 0.0% | |
| Northpointe Bank | $485,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $145,000 | $485,000 | 234.5% | 0.0% |
| WESTconsin Credit Union | $205,000 | $485,000 | 136.6% | 0.0% |
| NexBank | $515,000 | $480,000 | -6.8% | 0.0% |
| NORTHWESTERN MUTUAL | $480,000 | n/a | 0.0% | |
| FOUNDATION MORTGAGE CORPORATION | $475,000 | n/a | 0.0% | |
| CONSUMERS COOPERATIVE CREDIT UNION | $380,000 | $470,000 | 23.7% | 0.0% |
| Capital Bank | $465,000 | n/a | 0.0% | |
| CHURCHILL MORTGAGE CORPORATION | $1,090,000 | $455,000 | -58.3% | 0.0% |
| First Horizon Bank | $455,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $915,000 | $455,000 | -50.3% | 0.0% |
| SECURITYNATIONAL MORTGAGE COMPANY | $455,000 | n/a | 0.0% | |
| CORNERSTONE HOME LENDING, INC. | $25,255,000 | $435,000 | -98.3% | 0.0% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $435,000 | n/a | 0.0% | |
| THE ANDERSON FINANCIAL GROUP, INC. | $285,000 | $435,000 | 52.6% | 0.0% |
| ENDEAVOR CAPITAL, LLC. | $2,270,000 | $430,000 | -81.1% | 0.0% |
| FOX COMMUNITIES | $13,000,000 | $430,000 | -96.7% | 0.0% |
| MEGASTAR FINANCIAL CORP. | $425,000 | n/a | 0.0% | |
| NORWICH COMMERCIAL GROUP, INC. | $425,000 | n/a | 0.0% | |
| Stillman Bank | $465,000 | $425,000 | -8.6% | 0.0% |
| DIGITAL Federal Credit Union | $420,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $425,000 | $410,000 | -3.5% | 0.0% |
| Evolve Bank & Trust | $405,000 | n/a | 0.0% | |
| GoPrime Mortgage, Inc. | $405,000 | n/a | 0.0% | |
| VAN DYK MORTGAGE CORPORATION | $405,000 | n/a | 0.0% | |
| AbbyBank | $1,115,000 | $400,000 | -64.1% | 0.0% |
| Loan Simple, Inc. | $395,000 | n/a | 0.0% | |
| MASS. INSTITUTE OF TECH. FEDERAL CREDIT UNION | $365,000 | $395,000 | 8.2% | 0.0% |
| NATIONS DIRECT MORTGAGE, LLC | $395,000 | n/a | 0.0% | |
| MID AMERICA MORTGAGE, INC. | $215,000 | $390,000 | 81.4% | 0.0% |
| State Bank Financial | $315,000 | $385,000 | 22.2% | 0.0% |
| Hickory Point Bank and Trust | $375,000 | n/a | 0.0% | |
| LAND HOME FINANCIAL SERVICES, INC. | $235,000 | $375,000 | 59.6% | 0.0% |
| Bank-Fund Staff Federal Credit Union | $365,000 | n/a | 0.0% | |
| CORNERSTONE COMMUNITY FINANCIAL | $365,000 | n/a | 0.0% | |
| First Central Savings Bank | $365,000 | n/a | 0.0% | |
| THRIVENT Federal Credit Union | $940,000 | $360,000 | -61.7% | 0.0% |
| JMJ FINANCIAL GROUP | $355,000 | n/a | 0.0% | |
| Commerce Bank | $345,000 | n/a | 0.0% | |
| The First National Bank of River Falls | $345,000 | n/a | 0.0% | |
| Credit Union 1 | $335,000 | n/a | 0.0% | |
| ASSEMBLIES OF GOD Credit Union | $325,000 | n/a | 0.0% | |
| FIRST NORTHERN Credit Union | $325,000 | n/a | 0.0% | |
| FLAT BRANCH MORTGAGE, INC. | $325,000 | n/a | 0.0% | |
| Think Mutual Bank | $1,705,000 | $325,000 | -80.9% | 0.0% |
| First American Bank | $225,000 | $315,000 | 40.0% | 0.0% |
| Home State Bank | $540,000 | $315,000 | -41.7% | 0.0% |
| 21ST MORTGAGE CORPORATION | $270,000 | $310,000 | 14.8% | 0.0% |
| Meridian Bank Corporation | $305,000 | $305,000 | 0.0% | 0.0% |
| Midwest Bank | $305,000 | n/a | 0.0% | |
| Partners Bank of Wisconsin | $305,000 | n/a | 0.0% | |
| PCM | $1,220,000 | $305,000 | -75.0% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $305,000 | n/a | 0.0% | |
| Wisconsin River Bank | $305,000 | n/a | 0.0% | |
| Community First Credit Union | $475,000 | $300,000 | -36.8% | 0.0% |
| Citizens Community Federal | $145,000 | $295,000 | 103.4% | 0.0% |
| CALCON MUTUAL MORTGAGE LLC | $290,000 | n/a | 0.0% | |
| Security Financial Bank | $285,000 | n/a | 0.0% | |
| Axos Bank | $275,000 | n/a | 0.0% | |
| FidelityLending Solutions Inc. dba Wholesale Mortgage Bankers | $275,000 | n/a | 0.0% | |
| Glacier Hills Credit Union | $275,000 | n/a | 0.0% | |
| HEARTLAND | $275,000 | n/a | 0.0% | |
| IDEAL | $275,000 | n/a | 0.0% | |
| Intercity State Bank | $275,000 | n/a | 0.0% | |
| Cornerstone National Bank & Trust Company | $265,000 | n/a | 0.0% | |
| Holcomb Bank | $265,000 | n/a | 0.0% | |
| LENDINGHOME FUNDING CORPORATION | $265,000 | n/a | 0.0% | |
| Brighton Bank | $365,000 | $255,000 | -30.1% | 0.0% |
| First Savings Bank | $185,000 | $255,000 | 37.8% | 0.0% |
| AMERICAN FINANCIAL NETWORK, INC. | $245,000 | n/a | 0.0% | |
| DOMINION FINANCIAL SERVICES, LLC | $245,000 | n/a | 0.0% | |
| North Shore Bank FSB | $585,000 | $245,000 | -58.1% | 0.0% |
| Old Second National Bank | $245,000 | n/a | 0.0% | |
| VERVE, A CREDIT UNION | $205,000 | $245,000 | 19.5% | 0.0% |
| AXIA FINANCIAL, LLC | $240,000 | n/a | 0.0% | |
| NATIONS RELIABLE LENDING, LLC | $1,220,000 | $235,000 | -80.7% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $285,000 | $225,000 | -21.1% | 0.0% |
| CO-OP Credit Union | $975,000 | $225,000 | -76.9% | 0.0% |
| Elements Financial Federal Credit Union | $225,000 | n/a | 0.0% | |
| Bank of Springfield | $215,000 | n/a | 0.0% | |
| ANDREWS FEDERAL CREDIT UNION | $205,000 | n/a | 0.0% | |
| NEW WAVE LENDING GROUP INC | $205,000 | n/a | 0.0% | |
| Bank of Luxemburg | $925,000 | $195,000 | -78.9% | 0.0% |
| CHARTER WEST BANK | $185,000 | n/a | 0.0% | |
| POINT Mortgage | $185,000 | n/a | 0.0% | |
| RESIDENTIAL BANCORP | $185,000 | n/a | 0.0% | |
| Hometown Equity Mortgage, LLC | $175,000 | n/a | 0.0% | |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $175,000 | n/a | 0.0% | |
| The First National Bank of Bangor | $375,000 | $175,000 | -53.3% | 0.0% |
| American Airlines Federal Credit Union | $1,170,000 | $165,000 | -85.9% | 0.0% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $275,000 | $165,000 | -40.0% | 0.0% |
| Citizens State Bank of La Crosse | $155,000 | n/a | 0.0% | |
| LEADERONE FINANCIAL CORPORATION | $155,000 | n/a | 0.0% | |
| M&T Bank | $155,000 | n/a | 0.0% | |
| TOWER | $75,000 | $145,000 | 93.3% | 0.0% |
| PLAZA HOME MORTGAGE, INC. | $445,000 | $135,000 | -69.7% | 0.0% |
| WOODTRUST BANK | $135,000 | n/a | 0.0% | |
| East Wisconsin Savings Bank | $125,000 | n/a | 0.0% | |
| Northwestern Bank | $425,000 | $125,000 | -70.6% | 0.0% |
| GENEVA FINANCIAL, LLC | $185,000 | $115,000 | -37.8% | 0.0% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $115,000 | n/a | 0.0% | |
| Collins State Bank | $105,000 | n/a | 0.0% | |
| MidAmerica National Bank | $85,000 | n/a | 0.0% | |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $75,000 | n/a | 0.0% | |
| NOVATION CREDIT UNION | $75,000 | n/a | 0.0% | |
| Bremer Bank | $770,000 | $65,000 | -91.6% | 0.0% |
| Citizens Bank | $345,000 | $55,000 | -84.1% | 0.0% |
| Midwest Heritage Bank FSB | $1,010,000 | $55,000 | -94.6% | 0.0% |
| Heartland Credit Union | $35,000 | n/a | 0.0% | |
| CITIZENS EQUITY FIRST | $105,000 | $25,000 | -76.2% | 0.0% |
| UNITED | $325,000 | $25,000 | -92.3% | 0.0% |
MADISON's top lender by overall market share is University of Wisconsin Credit Union, with 15.0% market share. In second place, with 14.1%, is Summit Credit Union, having originated $694,945,000 in loans. In third place, with 4.4%, is THOMPSON KANE & COMPANY, LLC, having originated $216,900,000 in loans. In fourth place, with 4.0%, is Citibank, having originated $195,535,000 in loans. In fifth place, with 3.6%, is Barrington Bank & Trust Company, N.A., having originated $177,505,000 in loans.
MADISON, WI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 7,582 | $3,195,290,000 | $421,431 |
| Refi | 3,760 | $955,410,000 | $254,098 |
| Other | 2,407 | $280,725,000 | $116,629 |
| Home Improvement | 2,269 | $200,645,000 | $88,429 |
| Cash Out Refi | 1,397 | $304,635,000 | $218,064 |
| NA | 5 | $1,255,000 | $251,000 |
Madison's most frequently cited loan purpose was Home Purchase, with 7,582 originations. The 2nd most popular reason was Refi, with 3,760 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 5,564 | $2,052,940,000 | $368,968 |
| <2.5% | 3,255 | $315,045,000 | $96,788 |
| 7-8% | 3,185 | $994,075,000 | $312,111 |
| Over 8% | 2,351 | $354,435,000 | $150,759 |
| 5-6% | 1,820 | $760,060,000 | $417,615 |
| 3-4% | 160 | $31,660,000 | $197,875 |
| 4-5% | 146 | $44,990,000 | $308,151 |
| 2.5-3% | 32 | $7,610,000 | $237,813 |
During 2024, Madison's most frequently originated rate bucket was 6-7%, with 5,564 originations.
Loan Sizing (MADISON, WI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 5,636 | $1,659,430,000 | $294,434 |
| $100,000 or less | 5,024 | $268,450,000 | $53,434 |
| $100k-200k | 3,739 | $528,335,000 | $141,304 |
| $400k-600k | 2,093 | $995,785,000 | $475,769 |
| $600k-1000k | 726 | $525,450,000 | $723,760 |
| $Over $1MM | 202 | $960,510,000 | $4,755,000 |
MADISON's loan sizing saw the bucket of loans from $200k-400k with 5,636 originations, totaling $1,659,430,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| Under 20% | 4,322 | $259,200,000 | $59,972 |
| 80-100% | 4,011 | $1,570,735,000 | $391,607 |
| 20-40% | 3,383 | $514,695,000 | $152,142 |
| 60-80% | 2,942 | $1,607,960,000 | $546,553 |
| 40-60% | 1,710 | $558,480,000 | $326,596 |
| Over 100% | 53 | $23,165,000 | $437,075 |
MADISON's loan sizing saw loans grouped in the Under 20% Loan-to-value bucket with 4,322 originations, totaling $259,200,000 in origination value.