Wisconsin Mortgage Rates

July 2, 2015 01:16 AM Eastern

Refinance rates now in MILWAUKEE, WI [Change this]

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Home Price (Purchase)
When you get a mortgage to purchase a home, the lender uses the lower of the agreed-upon purchase price or the property's appraised value to determine your maximum loan amount. The loan amount divided by the property home price equals your loan-to-value ratio, or LTV. That ratio is one of the major factors that lenders use to set your mortgage rate. If your LTV exceeds 80 percent, you'll probably be required to pay mortgage insurance, which increases your monthly payment. If the property appraises for less than the agreed-on purchase price, you are not usually required to complete the purchase.
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Home Value (Refinance)
This is your estimate of the current value of your property. When you refinance, your home is almost always evaluated by a licensed appraiser. The refinance loan amount divided by the property's appraised value equals your loan-to-value ratio (LTV), and that number is one of the major factors that determine your mortgage rate. To get an accurate refinance rate quote, your home value estimate must be reasonably accurate.
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Down Payment
The down payment is the amount you pay upfront when you finance property. Your purchase price minus your down payment equals your mortgage amount. The higher your down payment, the more likely you are to be approved for a home loan. If your down payment is less than 20 percent of the purchase price, you'll probably be required to pay for mortgage insurance, which increases your monthly payment.
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Credit Score
Your credit score is a number designed to measure your credit-worthiness. It's based on a formula that combines many factors, including your payment history, amount of credit used and number of accounts. This number is used by lenders to calculate the probability that you'll default on your mortgage. Most lenders won't approve mortgages to applicants with credit scores lower than 620. Your credit score is one of the most important factors that determines your mortgage rate - applicants with higher scores are offered better mortgage rates.

FHA 30 Year Fixed Rates as low as

Interest Rate
3.250%
APR
4.233%
Monthly Payment
$1,005
Consumer Direct Mortgage, a division of FirstBank
Interest Rate
3.250%
APR
4.233%
Monthly Payment
$1,005
(855) 997-1825 Contact
Consumer Direct Mortgage, a division of FirstBank
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $871
Estimated Mortgage Insurance Payments $134
Total Monthly Mortgage Payment $1,005
Lender Fees $6,500
Lender Credit $0
Total Closing Fees* $6,500
*Other 3rd party fees may apply
Consumer Direct Mortgage, a division of FirstBank
Email Lender

About the Lender

At Consumer Direct Mortgage, we know that each customer has specific needs, so we strive to meet those specific needs with a wide array of products, investment tools, mortgages and best of all quality service and individual attention.You are our priority and we know that superior service, delivering what was offered, coupled with the lowest overall cost is the way to keep you as a customer for life. In a lending environment where everyone is offering the same core products and programs, we know that we have to separate ourselves with an unwavering commitment to services and delivering the lowest overall total cost to close every day. Our sales and operations team is comprised of veteran Mortgage Professionals that are committed to this philosophy and understand what it takes to get the job done on time and at the agreed upon terms and conditions presented.
Consumer Direct Mortgage, a division of FirstBank
Email Lender Write a Review

Lender Reviews

Highly recommend!

Yes, I recommend this lender

Incredibly attentive. An absolute joy to work with. Highly recommend!

By: hk4394 (Milton, FL)

Mikes Refinance

Yes, I recommend this lender

Had a great experience with Consumer Direct. It was a non painful refinance and a great rate. Pat and Jamie were a pleasure to work with and always responded to me in a timely manner, whether it be by email or phone. 2 thumbs up!!!!

By: Anonymous (Boynton Beach, FL)

Mikes Refinance

Yes, I recommend this lender

I had a great experience working with Consumer Direct. Very professional, caring and actually returned my calls right away when I had any questions or concerns about my loan. I would highly recommend this company. (and I got a great rate!!!!) Mike

By: Robinson (Boynton Beach, FL)
See All Reviews
Smarter Mortgages
Be the first to write a review.
NMLS: 104234
Interest Rate
3.625%
APR
3.795%
Monthly Payment
$912
(855) 610-2935 Contact
Smarter Mortgages
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 45 Days
Down Payment $50,000
Principal and Interest Payments $912
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $912
Lender Fees $4,125
Lender Credit $750
Total Closing Fees* $3,375
*Other 3rd party fees may apply
Smarter Mortgages
Email Lender

About the Lender

An INC 5000 Company for the Past Four Years! At Smarter Mortgages, we've centralized the entire mortgage process from start to finish. Unlike traditional banks or brokers who must send your applications to several different locations for approval and closing, we have every step located under one roof. This allows us to provide a consistent process, lower costs, and greatly reduce the possibility of errors or delays. Our licensed Mortgage Managers are located beside our entire operations team and have access to our underwriters, loan committee and management team. This is not the industry norm, however, we feel that there must be open and timely communication to ensure quick decisions and one time closings.
Smarter Mortgages
Email Lender Write a Review

Lender Reviews

Be the first to write a review. See All Reviews

15YearFixed Rates as low as

Interest Rate
2.625%
APR
2.959%
Monthly Payment
$1,345
Smarter Mortgages
Be the first to write a review.
NMLS: 104234
Interest Rate
2.625%
APR
2.959%
Monthly Payment
$1,345
(855) 610-2935 Contact
Smarter Mortgages
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 45 Days
Down Payment $50,000
Principal and Interest Payments $1,345
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,345
Lender Fees $4,625
Lender Credit $250
Total Closing Fees* $4,375
*Other 3rd party fees may apply
Smarter Mortgages
Email Lender

About the Lender

An INC 5000 Company for the Past Four Years! At Smarter Mortgages, we've centralized the entire mortgage process from start to finish. Unlike traditional banks or brokers who must send your applications to several different locations for approval and closing, we have every step located under one roof. This allows us to provide a consistent process, lower costs, and greatly reduce the possibility of errors or delays. Our licensed Mortgage Managers are located beside our entire operations team and have access to our underwriters, loan committee and management team. This is not the industry norm, however, we feel that there must be open and timely communication to ensure quick decisions and one time closings.
Smarter Mortgages
Email Lender Write a Review

Lender Reviews

Be the first to write a review. See All Reviews
Consumer Direct Mortgage, a division of FirstBank
Interest Rate
2.875%
APR
3.092%
Monthly Payment
$1,370
(855) 997-1825 Contact
Consumer Direct Mortgage, a division of FirstBank
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $1,370
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,370
Lender Fees $3,000
Lender Credit $0
Total Closing Fees* $3,000
*Other 3rd party fees may apply
Consumer Direct Mortgage, a division of FirstBank
Email Lender

About the Lender

At Consumer Direct Mortgage, we know that each customer has specific needs, so we strive to meet those specific needs with a wide array of products, investment tools, mortgages and best of all quality service and individual attention.You are our priority and we know that superior service, delivering what was offered, coupled with the lowest overall cost is the way to keep you as a customer for life. In a lending environment where everyone is offering the same core products and programs, we know that we have to separate ourselves with an unwavering commitment to services and delivering the lowest overall total cost to close every day. Our sales and operations team is comprised of veteran Mortgage Professionals that are committed to this philosophy and understand what it takes to get the job done on time and at the agreed upon terms and conditions presented.
Consumer Direct Mortgage, a division of FirstBank
Email Lender Write a Review

Lender Reviews

Highly recommend!

Yes, I recommend this lender

Incredibly attentive. An absolute joy to work with. Highly recommend!

By: hk4394 (Milton, FL)

Mikes Refinance

Yes, I recommend this lender

Had a great experience with Consumer Direct. It was a non painful refinance and a great rate. Pat and Jamie were a pleasure to work with and always responded to me in a timely manner, whether it be by email or phone. 2 thumbs up!!!!

By: Anonymous (Boynton Beach, FL)

Mikes Refinance

Yes, I recommend this lender

I had a great experience working with Consumer Direct. Very professional, caring and actually returned my calls right away when I had any questions or concerns about my loan. I would highly recommend this company. (and I got a great rate!!!!) Mike

By: Robinson (Boynton Beach, FL)
See All Reviews
eRates Mortgage
Interest Rate
2.990%
APR
3.144%
Monthly Payment
$1,381
(844) 334-6118 Contact
eRates Mortgage
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $1,381
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,381
Lender Fees $2,134
Lender Credit $0
Total Closing Fees* $2,134
*Other 3rd party fees may apply
eRates Mortgage
Email Lender

About the Lender

eRates Mortgage is a Direct Lender that has been delivering superior rates and exceptional customer services for over twenty years.  We have simplified mortgage shopping to make the process easy, transparent and hassle free.  By operating completely online, we pass our cost savings on to you, the consumer.  Contact us today for your free, no obligation rate quote.
eRates Mortgage
Email Lender Write a Review

Lender Reviews

Don't expect any lender credit

They offered me a good rate without much out of pocket cost due to a lenders credit for a refi. Then the process stalled and they let my rate lock expire (their fault) and expected me to just pay out of the lenders credit to lock the rate again. I've never heard the voice of my loan processor since she never, ever returned a phone call or answered the phone as the days went by and it expired again. Negative lenders credit now! I ended up walking away after sinking close to a thousand dollars into appraisal, credit report, etc. I won't do business with them.

By: Thomas (San Diego, CA)

obscure company policies

Towards the end of this loan application process, I was notified that my loan will not go through because of some obscure company policy regarding FEMA flood mapping. This has nothing to do with me as an applicant - all my credit scores, house appraisal, insurances, finances, etc all check out except this one thing regarding FEMA which is out of my control. Somebody didn't do their job to notify me of such an important policy prior to paying all this money. I would suggest that if you are seeking a lender, look elsewhere...they will throw a curve ball policy at you towards the end and after all the time and money you've wasted, you'll end up with nothing. So beware of rates and terms from GATEWAY FUNDING DIVERSIFIED MORTGAGE aka ERates that seems to good to be true. THEY ARE.

By: Nicole (San Francisco, CA)

Buyer beware - they WILL add extra costs!!

Initial cost to closing was x - slowly crept up to y (much larger). Just before closing (after waiting almost 7 weeks) they apparently had to extend lock due to them dragging their feet - worst refi experience ever.

By: Stever (Northern CA)
See All Reviews

5YearARM Rates as low as

Interest Rate
2.375%
APR
2.908%
Monthly Payment
$777
Smarter Mortgages
Be the first to write a review.
NMLS: 104234
Interest Rate
2.375%
APR
2.908%
Monthly Payment
$777
(855) 610-2935 Contact
Smarter Mortgages
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 45 Days
Down Payment $50,000
Principal and Interest Payments $777
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $777
Lender Fees $2,625
Lender Credit $250
Total Closing Fees* $2,375
*Other 3rd party fees may apply
Smarter Mortgages
Email Lender

About the Lender

An INC 5000 Company for the Past Four Years! At Smarter Mortgages, we've centralized the entire mortgage process from start to finish. Unlike traditional banks or brokers who must send your applications to several different locations for approval and closing, we have every step located under one roof. This allows us to provide a consistent process, lower costs, and greatly reduce the possibility of errors or delays. Our licensed Mortgage Managers are located beside our entire operations team and have access to our underwriters, loan committee and management team. This is not the industry norm, however, we feel that there must be open and timely communication to ensure quick decisions and one time closings.
Smarter Mortgages
Email Lender Write a Review

Lender Reviews

Be the first to write a review. See All Reviews
Mortgage rate quotes displayed on LendingTree LoanExplorer℠, including loan pricing data, rates and fees, are provided by third party data providers including, but not limited to, Mortech®, a registered trademark of Zillow®, LoanXEngine, a product of Mortgage Builder Software, Inc., and LoanTek, Inc.

Mortgage Rate Trends

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WI Mortgage Rates for First Time Homebuyers
Wisconsin first time homebuyers have options when it comes to getting financing with current WI mortgage rates. In addition to programs through the VA, FHA and Rural Housing Development departments, Wisconsin buyers can also take part in the Wisconsin Neighborhood Advantage Program. These programs are all available with assistance from the Wisconsin Housing and Economic Development Authority.

WHEDA FHA Programs using Current Wisconsin Mortgage Rates
The Federal Housing Administration (FHA) offers home loan assistance to those who live in "America’s Dairyland." The FHA program is run through Housing and Urban Development (HUD), but the Wisconsin Housing and Economic Development Authority (WHEDA) can provide WI residents with details about the program, as well as information on necessary homeowner education programs.

When applying for an FHA insured loan, certain requirements must be fulfilled:

• the amount of money you can borrow is limited on a county by county basis.
• you must meet income requirements.

Wisconsin Mortgage Interest Rates and VA Loans
For Wisconsinites who meet certain armed forces eligibility requirements, the VA loan using WI mortgage interest rates is a good bet. This program allows up to 100 percent financing.

When you get a VA loan, a minimal funding fee will be added to the loan amount. This funding fee is paid off over time, as part of your normal monthly payments. The fee is used to help avoid monthly mortgage insurance payments, which can add to the overall cost of your home loan.

USDA Rural Housing Loan Programs Using WI Mortgage Interest Rates
If you want to live in a rural part of Wisconsin, a loan program is available especially for you. WHEDA can connect you with the United States Department of Agriculture (USDA) Rural Housing Program. This program is restricted to assistance in securing homes and land in designated rural areas of WI.

The USDA Rural Housing program has rates lower than current WI mortgage interest rates. With this program, it is sometimes possible to finance the entire purchase price of the house. Some income restrictions apply, however, based on the number of people in your family.

Wisconsin Mortgage Rates and Wisconsin Neighborhood Advantage
This homeowner assistance program, designed help restore old properties and purchased vacant homes, is available exclusively through WHEDA. Financing for a foreclosed or vacant home is available in the following counties:

• Brown
• Kenosha
• Milwaukee
• Racine
• Rock