Which mortgage lender in the Madison, WI area typically has the best rates? To help you narrow down where to shop for a mortgage, MortgageWaldo.com provides an objective and data driven ranking of mortgage lenders operating in the Madison, WI area by interest rate and market share. We maintain our independence by not accepting any compensation from the mortgage lenders we rank, and use data on all fixed rate mortgages that were closed in the past year to generate our rankings.
Going by historical data, the best mortgage lender in the Madison, WI area in terms of interest rate is University of Wisconsin Credit Union, with an average “Rate Difference” of -0.17%. This means that, comparing similar borrowers, University of Wisconsin Credit Union provided a -0.17% lower interest rate for its customers than other lenders in the area. University of Wisconsin Credit Union has a market share of 16.9%. On the other hand, the most popular lender in the Madison, WI area is Summit Credit Union, with a larger market share of 18.1%. Summit Credit Union is also a relatively cheap lender, with a “Rate Difference” of -0.11% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Madison, WI area is shown in the table below. In the table, we also give our assessment of whether they are, on average, a cheap/expensive lender through a star rating system. You can choose to tailor our ranking table to a specific mortgage type (Conventional/Jumbo/FHA/VA) and purpose (purchase/refinance) through the drop-down menu. For example, going by historical data, the cheapest lender for Conventional mortgages in Madison, WI is University of Wisconsin Credit Union. If you want to take out a loan that is above conforming limits (above $548,250 or $822,375 depending on the area in 2021), the cheapest Jumbo mortgage provider is US Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is HomeBridge Financial Services. The cheapest VA mortgage provider is Caliber Home Loans. Note that as a consumer advocate we always recommend shopping among several of our top ranked lenders in order to get the best rates and fees.
Ranking of Mortgage Lenders in Madison, WI
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| HomeBridge Financial Services | -0.12% | 9.65% | |
| Caliber Home Loans | -0.08% | 11.40% | |
| AMEC Home Loans | -0.02% | 4.39% | |
| NewRez | -0.02% | 3.95% | |
| Home Point Financial Corporation | -0.01% | 2.19% | |
| Guild Mortgage Company | -0.00% | 2.19% | |
| First Bank Financial Centre | 0.00% | 0.44% | |
| Associated Bank | 0.00% | 0.44% | |
| First Centennial Mortgage | 0.01% | 0.88% | |
| Freedom Mortgage Corporation | 0.01% | 3.51% | |
| Inlanta Mortgage | 0.01% | 2.19% | |
| Quicken Loans | 0.02% | 23.68% | |
| Cornerstone Home Lending | 0.02% | 0.44% | |
| loanDepot | 0.02% | 3.07% | |
| Flagstar Bank | 0.02% | 0.44% | |
| University of Wisconsin Credit Union | 0.02% | 0.44% | |
| US Bank | 0.02% | 0.44% | |
| Thompson Kane Mortgage Loans | 0.02% | 3.51% | |
| Prosperity Home Mortgage LLC | 0.03% | 1.32% | |
| Barrington Bank & Trust | 0.03% | 0.88% | |
| Mr. Cooper | 0.05% | 6.14% | |
| Cardinal Financial Company | 0.05% | 4.39% | |
| Gateway First Bank | 0.06% | 0.88% | |
| Fairway Independent Mortgage Corporation | 0.06% | 7.89% | |
| Carrington Mortgage Services | 0.09% | 5.26% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| US Bank | -0.04% | 9.14% | |
| Old National Bank | -0.03% | 7.53% | |
| Wells Fargo Bank | -0.02% | 8.60% | |
| Prosperity Home Mortgage LLC | -0.02% | 2.15% | |
| JPMorgan Chase Bank | -0.01% | 10.22% | |
| Bank of America | -0.01% | 3.76% | |
| Great Midwest Bank | -0.00% | 3.23% | |
| Inlanta Mortgage | -0.00% | 2.15% | |
| Quicken Loans | 0.00% | 1.61% | |
| Fairway Independent Mortgage Corporation | 0.00% | 7.53% | |
| Guaranteed Rate | 0.01% | 1.08% | |
| Park Bank | 0.01% | 4.30% | |
| loanDepot | 0.01% | 0.54% | |
| Cornerstone Home Lending | 0.01% | 0.54% | |
| Summit Credit Union | 0.01% | 1.08% | |
| Flagstar Bank | 0.01% | 0.54% | |
| BMO Harris | 0.02% | 5.91% | |
| Thompson Kane Mortgage Loans | 0.02% | 2.15% | |
| State Bank of Cross Plains | 0.02% | 13.44% | |
| Johnson Financial Group | 0.02% | 3.23% | |
| Barrington Bank & Trust | 0.02% | 2.15% | |
| Guild Mortgage Company | 0.03% | 4.84% | |
| Caliber Home Loans | 0.05% | 1.08% | |
| Compeer Financial | 0.06% | 3.23% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| US Bank | -0.06% | 8.00% | |
| Wells Fargo Bank | -0.02% | 14.00% | |
| Prosperity Home Mortgage LLC | -0.02% | 4.00% | |
| JPMorgan Chase Bank | -0.01% | 12.00% | |
| Old National Bank | -0.01% | 4.00% | |
| Bank of America | -0.01% | 3.00% | |
| Inlanta Mortgage | -0.00% | 3.00% | |
| Fairway Independent Mortgage Corporation | -0.00% | 7.00% | |
| Great Midwest Bank | 0.00% | 4.00% | |
| Quicken Loans | 0.00% | 2.00% | |
| Park Bank | 0.01% | 5.00% | |
| loanDepot | 0.01% | 1.00% | |
| Cornerstone Home Lending | 0.01% | 1.00% | |
| Guaranteed Rate | 0.01% | 1.00% | |
| Thompson Kane Mortgage Loans | 0.02% | 3.00% | |
| BMO Harris | 0.02% | 5.00% | |
| Barrington Bank & Trust | 0.03% | 3.00% | |
| State Bank of Cross Plains | 0.03% | 12.00% | |
| Guild Mortgage Company | 0.04% | 3.00% | |
| Caliber Home Loans | 0.05% | 2.00% | |
| Compeer Financial | 0.06% | 3.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Old National Bank | -0.04% | 11.63% | |
| US Bank | -0.02% | 10.47% | |
| Bank of America | -0.01% | 4.65% | |
| JPMorgan Chase Bank | -0.01% | 8.14% | |
| Great Midwest Bank | -0.01% | 2.33% | |
| Guaranteed Rate | 0.00% | 1.16% | |
| Quicken Loans | 0.00% | 1.16% | |
| Park Bank | 0.01% | 3.49% | |
| BMO Harris | 0.01% | 6.98% | |
| Summit Credit Union | 0.01% | 2.33% | |
| Barrington Bank & Trust | 0.01% | 1.16% | |
| Inlanta Mortgage | 0.01% | 1.16% | |
| Flagstar Bank | 0.01% | 1.16% | |
| State Bank of Cross Plains | 0.01% | 15.12% | |
| Thompson Kane Mortgage Loans | 0.01% | 1.16% | |
| Fairway Independent Mortgage Corporation | 0.01% | 8.14% | |
| Wells Fargo Bank | 0.01% | 2.33% | |
| Johnson Financial Group | 0.02% | 6.98% | |
| Guild Mortgage Company | 0.02% | 6.98% | |
| Compeer Financial | 0.06% | 3.49% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Barrington Bank & Trust | -0.08% | 11.05% | |
| Navy Federal Credit Union | -0.08% | 4.53% | |
| Prosperity Home Mortgage LLC | -0.06% | 3.12% | |
| Flagstar Bank | -0.05% | 3.97% | |
| University of Wisconsin Credit Union | -0.05% | 1.98% | |
| Quicken Loans | -0.05% | 2.83% | |
| NewRez | -0.04% | 1.42% | |
| Caliber Home Loans | -0.02% | 2.27% | |
| USAA | -0.02% | 14.73% | |
| Old National Bank | -0.02% | 2.27% | |
| Wells Fargo Bank | -0.02% | 3.40% | |
| Associated Bank | -0.02% | 1.98% | |
| Freedom Mortgage Corporation | -0.01% | 0.28% | |
| First Centennial Mortgage | -0.01% | 0.28% | |
| US Bank | -0.01% | 2.27% | |
| JPMorgan Chase Bank | 0.00% | 0.57% | |
| GSF Mortgage Corporation | 0.00% | 0.57% | |
| Inlanta Mortgage | 0.01% | 1.42% | |
| HomeBridge Financial Services | 0.01% | 0.28% | |
| Home Point Financial Corporation | 0.01% | 1.42% | |
| Guaranteed Rate | 0.02% | 0.85% | |
| Cornerstone Home Lending | 0.02% | 0.57% | |
| PrimeLending | 0.02% | 1.70% | |
| Mr. Cooper | 0.03% | 0.57% | |
| Thompson Kane Mortgage Loans | 0.04% | 5.38% | |
| AMEC Home Loans | 0.05% | 2.83% | |
| loanDepot | 0.05% | 0.85% | |
| Cardinal Financial Company | 0.06% | 0.85% | |
| Gateway First Bank | 0.07% | 0.85% | |
| Fairway Independent Mortgage Corporation | 0.07% | 20.96% | |
| Guild Mortgage Company | 0.08% | 3.97% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Caliber Home Loans | -0.13% | 9.96% | |
| Thompson Kane Mortgage Loans | -0.08% | 4.56% | |
| HomeBridge Financial Services | -0.08% | 4.56% | |
| Associated Bank | -0.06% | 2.90% | |
| USAA | -0.05% | 5.81% | |
| AMEC Home Loans | -0.04% | 2.07% | |
| NewRez | -0.04% | 2.49% | |
| Home Point Financial Corporation | -0.03% | 4.15% | |
| Flagstar Bank | -0.03% | 2.90% | |
| Gateway First Bank | -0.02% | 0.83% | |
| First Centennial Mortgage | -0.02% | 1.24% | |
| Cardinal Financial Company | -0.02% | 0.83% | |
| Prosperity Home Mortgage LLC | -0.02% | 0.83% | |
| Navy Federal Credit Union | -0.02% | 1.24% | |
| Inlanta Mortgage | -0.01% | 1.66% | |
| loanDepot | -0.01% | 5.39% | |
| Carrington Mortgage Services | -0.01% | 2.07% | |
| Barrington Bank & Trust | -0.01% | 1.66% | |
| PrimeLending | -0.01% | 0.41% | |
| Cornerstone Home Lending | -0.01% | 0.41% | |
| US Bank | -0.00% | 0.83% | |
| Old National Bank | 0.01% | 0.83% | |
| Guild Mortgage Company | 0.02% | 2.49% | |
| Fairway Independent Mortgage Corporation | 0.02% | 15.35% | |
| Wells Fargo Bank | 0.04% | 1.24% | |
| Freedom Mortgage Corporation | 0.04% | 2.07% | |
| Mr. Cooper | 0.07% | 2.49% | |
| Quicken Loans | 0.13% | 18.67% |
* Data is compiled for the Madison, WI commuting zone area, which comprises of counties of Adams County, WI, Columbia County, WI, Dane County, WI, Iowa County, WI, Juneau County, WI, Marquette County, WI, and Sauk County, WI. This includes cities/towns/communities of Madison, WI as well as Sun Prairie, WI, Middleton, WI, Waunakee, WI, Fitchburg, WI, Verona, WI, Stoughton, WI, Cottage Grove, WI, Windsor, WI, Oregon, WI, DeForest, WI, Portage, WI, Baraboo, WI, McFarland, WI, Monona, WI, Mount Horeb, WI, Deerfield, WI, Reedsburg, WI, Prairie du Sac, WI, Pardeeville, WI, Lake Wisconsin, WI, Lodi, WI, Marshall, WI, Columbus, WI, Necedah, WI, Poynette, WI, Brooklyn, WI, Lake Arrowhead, WI, Lake Delton, WI, Blue Mounds, WI, Mazomanie, WI, Cross Plains, WI, Belleville, WI, Rio, WI, North Freedom, WI, Wisconsin Dells, WI, Bluffview, WI, Delwood, WI, Dodgeville, WI, Edgerton, WI, La Valle, WI, Montello, WI, Arena, WI, Wisconsin Dells, WI, Adams, WI, Barneveld, WI, Sauk City, WI, Cambria, WI, Fall River, WI, Neshkoro, WI, and Westfield, WI. Lenders must have made at least 30 loans in the area to be included. Source of the data is Federal Financial Institutions Examination Council (FFIEC). Rate Difference (the average difference of interest rates relative to those of other lenders) were computed by subtracting the rate at origination from the average predicted rate conditional on the commuting zone, borrower LTV, DTI, Loan Amount, Loan Type, and Loan Purpose, and then regularized based on a Bayesian approach to account for smaller sample sizes. Above-average mortgage closing costs were then added to the rate difference at a rate of +0.15/point. Star ratings were determined in intervals of 0.10% in rate difference per half star.
Mortgage Lender Rankings in Other Cities
This page contains information about the top mortgage lenders in the Madison, WI area. For mortgage lender rankings in other cities, click here.