Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

9 best mortgage lenders in Wisconsin

Looking for a great mortgage in Wisconsin? Here are our top 9 lender picks for rates, first-time homebuyers and customer service in the Badger State.

Renowned for its cheese industry and rolling landscapes, nearly six million Americans call Wisconsin home. Approximately 67% of Wisconsinites own their property and pay an average of $1,430 per month in housing costs, including mortgage payments, taxes and utilities — slightly lower than the national average.

According to Zillow, the median house price in Wisconsin is $207,018 as of January 2021, which is 21% less than the US median home price. However, home values in the state have gone up 8.1% in the past year and are expected to rise a further 10.2% over the next twelve months. So, if you’re looking to buy a home in Wisconsin soon, our top nine lenders can help you achieve your goal.

Best Wisconsin mortgage lenders in 2021

How we picked the best lenders

We handpicked these lenders from over 150 mortgage companies originating home loans in Wisconsin. These top nine picks made our list after researching interest rates, first-time homebuyer programs, credit score eligibility, customer service and digital convenience.

We also viewed customer reviews from consumer rating sites like Zillow, Trustpilot and the Better Business Bureau (BBB) in making our decisions. To learn about our lender selection process, please see Finder’s rating methodology.

Best online experience

Better

Better logo
Go to site
at Better's secure site
Read review
620
Min. credit score
3%
Min. down payment

Better is a nontraditional digital lender that offers borrowers a simpler, more streamlined mortgage application process. Unlike many lenders, Better doesn’t charge origination fees, and it can link directly to your financial accounts for instant asset verification.

Because its decision is based on actual numbers, Better can provide you with a loan preapproval in minutes instead of days. In today’s market, having a loan preapproval in hand shows agents and sellers that you’re a serious buyer.

  • Save on fees. Unlike many lenders, Better doesn&rsquo
  • t charge origination, application, processing or underwriting fees.
  • Fully digital process. With Better, you can apply for a loan, lock in your rate and get your loan funded completely online.
  • Helpful website. Better&rsquo
  • s website has loads of information, including current interest rates, calculators, comparison tables and homebuying guides.
  • No specialized first-time homebuyer products. Better offers FHA loans, but no loan products with rebates or reduced PMI.
  • You give up some privacy. While optional, Better requires login credentials to your bank and tax accounts for faster processing.
Loan types Conventional, Jumbo, FHA, Refinance
Minimum credit score Refinance: 680
All other loans: 620
Minimum down payment (Conventional) 3%
States available Not available in: HI, MA, MN, NV, NH, VT, VA

Best marketplace

LendingTree

LendingTree logo
Go to site
at LendingTree's secure site
Read review
620
Min. credit score
3%
Min. down payment

Looking for a loan minus the effort of researching different lenders? LendingTree can help. LendingTree is a 100% free third-party service that gives you matching lender recommendations from its database of 1,500 partners.

Simply provide LendingTree with some basic information about yourself and your homebuying goals, and the service will find the best lenders for your credit score and needs. This can save you time and effort.

  • Offers a wide range of loans. LendingTree, you can search for a variety of loans, including conventional, FHA, VA and USDA loans, reverse mortgages and HELOCs.
  • More competitive offers. Because LendingTree&rsquo
  • s partners compete with each other, you may get a better rate than you could on your own.
  • Finds you the lowest rates. LendingTree will alert you when a better interest rate than your current rate is found.
  • Mixed reviews. Some LendingTree users report being unhappy with the number of calls received from loan officers after filling out the form. To avoid this scenario, consider using a secondary email and/or phone number.
Loan types Conventional, Jumbo, FHA, VA, USDA, Home Equity, HELOC, Reverse, Refinance
Minimum credit score Conventional: 620
FHA: 500
VA: 620
USDA: 640
Jumbo: 800
Minimum down payment (Conventional) 3%
States available Available in all states

Most popular

Rocket Mortgage

Rocket Mortgage logo
Go to site
at Rocket Mortgage's secure site
Read review
620
Min. credit score
3%
Min. down payment

Founded in 2016, Rocket Mortgage is the digital version of Quicken Loans. Rocket Mortgage allows you to apply for a loan and get funded electronically, without the requirement of having to work with a loan officer — unless you want to.

Using Rocket Mortgage’s online interface or mobile app, you can apply for a mortgage, check your application status and get notifications. Once your loan is funded, you can use the mobile app to make your monthly payments and access your loan documents.

  • Reduces paperwork. Rocket Mortgage can verify your assets and credit digitally to help simplify and speed up the loan application process.
  • No in-person meetings required. Unlike traditional lenders, Rocket Mortgage allows you to complete your application and get funded electronically.
  • Rates listed online. Rocket Mortgage advertises its current rates on its website.
  • Website doesn&rsquo
  • t list loans. The Rocket Mortgage website doesn&rsquo
  • t clearly state what types of loans it offers. You&rsquo
  • re only shown options after you apply.
  • Login credentials may be needed. While optional, you may be asked to provide access to your bank accounts for asset verification.
  • No HELOCs. If you&rsquo
  • re looking for a HELOC, you&rsquo
  • ll need to find another lender.
Loan types Conventional, Jumbo, FHA, VA, Refinance
Minimum credit score Conventional: 620
FHA: 580
VA: 620
Jumbo: 700
Minimum down payment (Conventional) 3%
States available Available in all states

Best for first-time homebuyers

Fairway Independent

620
Min. credit score
3%
Min. down payment

Headquartered in Madison, Wisconsin, Fairway Independent’s stated mission is to provide good customer service and low rates. We chose Fairway Independent for this category based on its wide range of loans for first-time homebuyers.

The company offers government-backed FHA, VA and USDA loans, a renovation loan program for fixer uppers and two types of 203(k) rehabilitation mortgages. So, if you’re looking for a lender to help you achieve your new homeownership goals, Fairway Independent could be a good choice.

  • Wide loan selection. Fairway Independent offers a wide range of traditional and government-backed loans, plus jumbo loans.
  • HomeStyle Renovation Loan. This loan lets you combine the cost of buying or refinancing a home and repairs into one loan.
  • Mobile application. Fairway offers a digital application process, including a mobile application through its FairwayNow mobile app.
  • No HELOCs. While Fairway Independent has multiple loan options, it doesn&rsquo
  • t offer HELOCs.
  • Hard credit check. Unlike some lenders, Fairway performs a hard credit check with your application, which may ding your credit score slightly.
  • Limited information. Fairway Independent doesn&rsquo
  • t provide information about rates or fees on its website.
Loan types Conventional, Jumbo, FHA, VA, USDA, Refinance, Reverse
Minimum credit score Conventional: 620
VA: 580
FHA: 580
Minimum down payment (Conventional) 3%
States available Available in all states

Best for customer service

Synergy One Lending

620
Min. credit score
3%
Min. down payment

When it comes to customer service, Synergy One Lending consistently ranks at the top. The company strives to find the right balance of people and technology, and it gets high marks from customers, who report being very happy with the service and expertise of their loan officers.

The Synergy One Lending website is well-designed and easy to navigate compared to some other lenders, and you have the choice of applying for a loan online or with its S1 Connect app.

  • Modern Mortgage Experience. Synergy One Lending lets you apply from anywhere, upload and electronically sign documents and track your loan.
  • S1 Connect app. Synergy One Lending&rsquo
  • s app provides full functionality, allowing you to apply for and manage your loan in one place.
  • 10-day close offer. The company has a 10-day close offer to help you compete with all-cash offers. Only valid for Fannie Mae purchase loans.
  • Logins may be required. To use the account verification feature, you&rsquo
  • ll need to provide login credentials for your financial accounts.
  • Don&rsquo
  • t list costs or fees. Synergy One Lending doesn&rsquo
  • t list its loan costs and fees on its website.
Loan types Conventional, Jumbo, FHA, VA, USDA, Reverse, Refinance
Minimum credit score 620
Minimum down payment (Conventional) 3%
States available AL, AR, AZ, CA, CO, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, MS, MT, NE, NM, OH, OK, OR, SC, SD, TN, TX, UT, WA, WI, WY

Best for a wide range of credit scores

Mr. Cooper

620
Min. credit score
5%
Min. down payment

If you’re looking for a lender that will work with lower credit scores, Mr. Cooper may be able to help. Formerly known as Nationstar Mortgage, Mr. Cooper offers a standard range of loans, including conventional, jumbo, FHA, FHA streamline refinance, VA and VA IRRRL (Interest Rate Reduction Refinance Loan) loans.

While the company doesn’t get particularly high marks for customer service or interest rates, they may be a good option if a lower credit score is making it more challenging to find a mortgage in Wisconsin.

  • Close On Time Guarantee. Mr. Cooper guarantees that if your qualifying loan doesn&rsquo
  • t close on time, you&rsquo
  • ll receive a check equal to your first month&rsquo
  • s mortgage payment.
  • User-friendly app. Mr. Cooper has a mobile app that can be used to make payments, track your home&rsquo
  • s value and more.
  • Won&rsquo
  • t sell your loan. After closing your loan, you don&rsquo
  • t need to worry about Mr. Cooper selling it to another company.
  • No USDA loans. Mr. Cooper offers FHA and VA loans, but no USDA loans.
  • Mixed reviews. While many customers report positive experiences with the company, others complain of poor service and communication.
Loan types Conventional, Jumbo, FHA, VA, Refinance
Minimum credit score Conventional: 620
Minimum down payment (Conventional) 5%
States available Available in all states

Best regional lender

UW Credit Union

UW Credit Union logo
620
Min. credit score
3%
Min. down payment

Looking for a regional lender in Wisconsin? Since 1931, UW Credit Union has been serving multiple communities throughout the state with 28 branch locations. UW Credit union offers multiple loan options, a Lowest Closing Cost Commitment and up to $1,000 off for first-time homebuyers.

To become a member of UW Credit Union and apply for a home loan, you must meet certain higher education, employment or residency requirements. But these requirements are relatively broad, so it’s probably worth checking if you qualify.

  • Lowest Closing Cost Commitment. If you find a lender with lower closing costs, UW will match it or pay you $500.
  • Multiple loan products. The credit union offers a wide range of home loans, including construction, investment property and lot loans.
  • WHEDA loans. Specifically for Wisconsin residents, WHEDA (Wisconsin Housing and Economic Development Authority) loans offer multiple, affordable home financing options.
  • Rates advertised. UW Credit Union lists current mortgage rates on its website for convenient comparisons.
  • Membership requirements. To become a member of the credit union, you must meet certain eligibility requirements.
  • Not available in all counties. Only serves communities in Madison, Milwaukee, Stevens Point, Green Bay, Oshkosh, Whitewater and La Crosse.
  • No FHA, VA or USDA loans. UW Credit Union doesn&rsquo
  • t offer these types of loans.
Loan types Conventional, Jumbo, Home Equity/HELOC, Reverse, Refinance
Minimum credit score Conventional: 620
Jumbo: 740
Minimum down payment (Conventional) 3%
States available Only available in: WI

Best for refinancing

Landmark Credit Union

Landmark Credit Union logo
620
Min. credit score
3%
Min. down payment
Founded in 1933, Landmark is a member of CO-OP Shared Branches, which gives its customers access to over 5,000 branches and ATMS across the US. Besides Landmark Credit Union’s greater customer convenience, it offers a range of refinancing options, including its low closing cost Refi Express. The credit union serves anyone who lives or works in Southern and Northeastern Wisconsin and specific residents in Illinois.
  • Mortgage Refi Express. Landmark Credit Union&rsquo
  • s Refi Express loan offers 8, 10 and 12-year terms, a faster close and lower closing costs.
  • HELOCs available. The credit union offers an 80% LTV and an 80-90% LTV HELOC with a rate lock for 12 months.
  • Nationwide network of 5000+ branches. Landmark members can manage their finances at these locations and use over 5,000 ATMs for free on the Alliance One network.
  • View rates online. Landmark Credit Union advertises its current rates and APRs online.
  • Must be a member. Membership is only available to residents and family members in Southern and Northeastern Wisconsin and select areas in Illinois.
  • No USDA loans. If you want a USDA loan, you&rsquo
  • ll have to look elsewhere.
Loan types Conventional, FHA, VA, Home Equity/HELOC, Refinance
Minimum credit score Conventional: 620
Minimum down payment (Conventional) 3%
States available Only available in: IL, WI

Which lender is best for me?

With hundreds of options available, you may wonder if you’ve found the right lender for your needs. But it is possible to whittle down the choices by considering what’s most important to you.

Here’s how to narrow your search:

  • Understand your goals. What type of home loan is best for your needs? Options include conventional, government-backed loans (FHA, VA, USDA), first-time homebuyer programs, refinance loans, plus jumbo and reverse mortgage loans.
  • Make sure the lender is the right fit. What type of mortgage process do you prefer? Do you want to work with a loan officer or would you prefer a fully digital mortgage — or a combination of both? Online customer reviews are helpful in determining if a lender will be a good fit for you.
  • Ask the lender questions:
      • How long will the process take?
      • Who is my contact person if I need help?
      • Will you sell my loan after closing?
      • Are there prepayment penalties?
      • What fees do you charge?
      • Can I get a free rate lock?
  • Get several quotes. Always get at least three or more quotes so you can compare offers and negotiate a better rate or lower fees.

Compare mortgage lenders and brokers

Compare these lenders and lender marketplaces by the type of home loan you're searching for, state availability and minimum credit score (for a conventional loan). Select See rates to provide the company with basic property and financial details for personalized rates.
Name Product Loan products offered State availability Min. credit score
Morty
(NMLS #1429243)
Morty
Conventional, Jumbo, Refinance
AL, AR, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, MD, ME, MI, MN, MS, MT, NC, NE, NJ, NM, OH, OK, OR, PA, SC, TN, VA, WA, WI, WV
660
Preapproval in minutes and closing in as little as 3 weeks with no origination fees.
SoFi
(NMLS #1121636)
SoFi
Conventional, Home equity, Refinance
Not available in: HI, MO, NM, NY, WV
620
No hidden fees, multiple loan terms, and member discounts available.
Rocket Mortgage
(NMLS #3030)
Rocket Mortgage
Conventional, Jumbo, FHA, VA, Refinance
Available in all states
620
Streamline your mortgage from quote to final payment — all from your computer or phone.
Better
(NMLS #330511)
Better
Conventional, Jumbo, FHA, Refinance
Not available in: HI, MA, MN, NV, NH, VT, VA
620
Online preapproval in minutes and no origination fees with this direct lender.
LendingTree
(NMLS #1136)
LendingTree
Conventional, Jumbo, FHA, VA, USDA, Home Equity, HELOC, Reverse, Refinance
Available in all states
620
Connect with vetted home loan lenders quickly through this online marketplace.
loading

Compare up to 4 providers

Average rates and fees in Wisconsin

As of January 14, 2021, the benchmark 30-year fixed mortgage rate in the US is 2.850%. According to data from the Consumer Financial Protection Bureau (CFPB), most Wisconsin lenders are offering interest rates at or below 2.875%, with rates in the state ranging from 2.125% to 3.750% as of this writing.

Additionally, you can expect to pay around $2,615 after taxes for closing costs, or approximately 1.31% to 2.62% of your home’s final sale price, according to data from ClosingCorp. For more information, see mortgage rates in Wisconsin or Wisconsin closing costs for more details on what you can expect to pay.

What about brokers?

Aside from our best marketplace pick, LendingTree, our list of Wisconsin lenders are companies that underwrite mortgage loans directly. However, if you don’t have time to research lenders yourself, a mortgage broker can help you find a loan on commission.

With a broker, expect to pay a fee equal to .5% to 2% of your loan’s value. We advise that you choose a mortgage broker carefully, as some are known to charge excessive or unnecessary fees.

Bottom line

Whether you’re a first-time homebuyer, a retiree or want to take advantage of lower rates with a refinance, remember that there are many options available. If one lender doesn’t have the type of loan product you’re after, it’s very likely another will. While our top Wisconsin lender picks will be perfect for many borrowers, feel free to compare more lenders to see other mortgages you may qualify for.

More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site