Marquette Bank Mortgage Interest Rate and Cost Review

Is Marquette Bank a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by Marquette Bank to those of other lenders for a comparable set of borrowers. We maintain our independence by not accepting any money from the mortgage lenders we review. Going by historical data, here is our review of Marquette Bank nationally:

Review ItemMarquette Bank
Interest Ratesimilar to other lenders (-0.09%)
Loan Related Closing Costssimilar to other lenders (-$125)
National Rate and Closing Cost Star Rating(4)

On average, Marquette Bank’s interest rates were similar to those of other lenders (-0.09%) for a comparable set of borrowers. Its loan related closing costs were also similar to those of other lenders, with a difference of -$125. Overall, combining interest rates and closing costs we estimate that Marquette Bank tends to be a cheap lender, and give it a National Rate and Closing Costs Rating of 4 out of 5 stars. To visit Marquette Bank, its website is located at: https://emarquettebank.com.

Marquette Bank’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. In particular, among the cities we track Marquette Bank was most active in:

  1. Chicago, IL
  2. Valparaiso, IN
  3. Phoenix, AZ
  4. Portage, MI
  5. Bourbonnais, IL

You can click through to check out Marquette Bank’s mortgage rate relative to those of other lenders within each city. Or, for our entire list of the top mortgage lenders by city, click here.

Marquette Bank’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Marquette Bank originated Conforming, FHA and Jumbo mortgages for new home purchases and refinances. Its average interest rate and total loan related closing cost difference relative to other lenders by mortgages type is as follows.

Purchase/Refinance:
New Purchase MortgagesConformingFHAJumbo
Interest Rate Difference-0.09%-0.15%-0.00%
Loan Related Closing Cost Difference+$85-$455+$3
Cost Adjusted Rate Difference-0.09%-0.20%-0.00%
National Star Rating(4)(4.5)(3.5)
Refinance MortgagesConformingFHAJumbo
Interest Rate Difference-0.09%-0.04%-0.01%
Loan Related Closing Cost Difference-$253+$1+$98
Cost Adjusted Rate Difference-0.15%-0.03%-0.00%
Average Star Rating(4.5)(3.5)(3.5)

As a summary, Marquette Bank is cheap for Conforming and FHA purchase mortgages. It is similar to other lenders for Jumbo purchase mortgages. For refinancing, Marquette Bank is cheap for Conforming mortgage refinance. It is similar to other lenders for FHA and Jumbo mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about Marquette Bank:

Registered name: Marquette Bank
Registered city and state: CHICAGO, IL, 60636
Regulator: Federal Reserve System (FRS)
Top holder: MARQUETTE NATIONAL CORPORATION

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Marquette Bank’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.