Horicon Bank is a privately held, community-focused, full-service bank and direct mortgage lender headquartered in Horicon, Wisconsin. Founded in 1896 by Daniel C. Van Brunt, the inventor of the grain drill, Horicon Bank has grown from its roots in Dodge County to a network of 18 branches across Wisconsin, including recent expansions into the Milwaukee area.
See today’s mortgage interest rates on TrueRate.
How Horicon Bank compares to other lenders
| Headquarters | Horicon, Wisconsin |
| Website | horiconbank.com |
| Rate | 0.24% less than the median rate |
| Lender fees | $150 (median) |
| Savings after 1 year, compared to the median interest rate | $1,126 |
| Savings after 10 years, compared to the median interest rate | $7,909 |
| Added cost after 1 year (vs. Tomo Mortgage) | $1,452 |
| Added cost after 10 years (vs. Tomo Mortgage) | $3,275 |
For a $400,000 mortgage, Horicon Bank’s rates and lender fees will likely result in savings of around $1,120 in the first year and around $7,900 after 10 years compared to the median lender. Borrowers should rate shop and compare Horicon Bank to lower cost lenders such as Tomo Mortgage to see if larger savings of several thousand dollars can be achieved.
What customers are saying
Horicon Bank’s mortgage lending receives mixed reviews on third-party platforms, with Yelp providing the most detailed feedback. The most substantiated negative sentiment highlights administrative errors, poor communication, and delayed fee resolutions, causing borrower frustration—particularly due to lack of timely alerts and inconsistent staff support.
On the positive side, some reviewers commend specific branch employees for their friendliness and helpfulness during the mortgage process. Overall, while a few customers report satisfactory experiences, the predominant sentiment points to challenges in communication and service reliability.
How to compare mortgage lenders
Interest rates. Comparing rates between lenders isn’t always straightforward. Many promote low headline rates that require paying “points” upfront to buy down the interest rate. To make a true comparison, focus on the par rate (0 points) and the APR, which reflects both the interest rate and any lender fees. Even small differences can translate into significant savings over the life of the loan.
Lender fees or loan origination fees. Many lenders charge fees that add thousands to the cost of a loan. It’s important to look at both the rate and the fees together to understand the true cost of borrowing. For a $400,000 mortgage, avoiding even a $1,000 fee could contribute to meaningful savings in the first year and over the long term.
On-time close rate. Most lenders do not publicly share their on-time close rates. However, it’s a critical factor—especially if your home contract has tight deadlines. Asking about their process for meeting close dates, including underwriting and document review timelines, can give you more confidence when choosing a lender.
Pre-approval and offer letters. Some lenders offer fast pre-qualifications that may not be fully underwritten, which can weaken your offer in competitive markets. It’s important to ask whether a lender’s pre-approvals are fully underwritten and how credible their letters are when presented with an offer.
Customer satisfaction. If detailed customer review data isn’t readily available, check third-party review sites or ask the lender for references. It’s important to understand how they handle communication, responsiveness, and issue resolution throughout the loan process.
Employee reviews. Company culture often influences how clients are treated. A lender with strong employee satisfaction typically delivers better service, more organized processing, and a smoother overall experience for borrowers.
To better understand how we compare mortgage rates fairly, see our TrueRate Methodology.
If you’re ready to start your journey to homeownership, get pre-approved with Tomo Mortgage today.