See which credit unions and banks have low mortgage rates in WI
A good rate for a primary, single-family home in for , and credit score is:
Histogram showing 3 data points from 6.04% to 6.57%. Use Tab to navigate between segments, and Enter to select a bar.
found 52 lenders for you—rates updated Jan 8, 2026
Rates updated Jan 8, 2026
Insights
Negotiate everything—rates, fees, and terms are not set in stone.
George RobinsonTrueRate Data ScientistLenders with low rates in WI
TrueRate analyzed the rates lenders actually gave to buyers for the last three years and found only 5 lenders likely to get you a good deal.
| Lender | Lender fees | ||
|---|---|---|---|
 | No lender feesHighly rated | Highly rated | |
 | $500Below average | Below average | |
 | $600Below average | Below average | |
 | $775Average | Average | |
 | $995Average | Average |
Insights
Negotiate everything—rates, fees, and terms are not set in stone.
George RobinsonTrueRate Data ScientistLenders in WI likely to have high rates
We don’t accept advertising, so you can get the real lender story. TrueRate looked at 52 lenders and found that this one lender is likely to offer you a high rate.
| Lender | Lender fees | ||
|---|---|---|---|
 | $725Above average | Above average |
Insights
Whether a lender has high margins or is simply inefficient and passing their costs on to you, the result is the same—you’ll likely end up paying more for your home. Our data shows that if you choose these lenders you will likely regret it.
George RobinsonTrueRate Data ScientistLenders with average rates in WI
You deserve better than what these 46 lenders historically provide.
- Alerus Financial NA
- Altra Federal Credit Union
- American Neighborhood Mortgage
- American Pacific Mortgage Corp
- American Portfolio Mortgage Corporation
- Bank of England
- Bayshore Mortgage Funding
- Bell Bank
- Cambria Financial Group, LLC
- CIBM Bank
- CMG Mortgage Inc.
- Compass Mortgage, Inc.
- CrossCountry Mortgage, LLC
- DAS Acquisition Company, LLC
- Diamond Residential Mortgage Corp
- Envoy Mortgage, Ltd.
- Fairway Independent Mortgage Corp
- First Community Mortgage
- First State Mortgage Services
- Gold Star Mortgage Financial Group
- Goldwater Bank National Association
- Guaranteed Rate Affinity, LLC
- Guaranteed Rate, Inc.
- Homeside Financial, LLC
- Homestead Funding Corp.
- Huntington National Bank
- IncredibleBank
- Ixonia Bank
- Key Mortgage Services, Inc.
- Landmark Credit Union
- LeaderOne Financial Corp.
- MidWestOne Bank
- Mutual of Omaha Mortgage
- Nations Lending Corporation
- Nations Reliable Lending LLC
- North Shore Bank
- Northpointe Bank
- PrimeLending
- Proper Rate, LLC
- Success Mortgage Partners, Inc
- Summit Mortgage Corporation
- SWBC Mortgage Corporation
- The Federal Savings Bank
- Tradition Mortgage, LLC
- University of Wisconsin Credit Union
- Waterstone Mortgage Corporation
Don’t let lenders pull a fast one on you
Learn how really low rates often come with hidden fees. Drag the slider to see how rates and fees are connected.
Insights
Insights by James McTernanTomo Mortgage Loan Advisor - NMLS #1112719TrueRate report
Buying a home shouldn’t feel impossible—see what’s driving buyer stress in 2025.
What is TrueRate by Tomo Mortgage?
TrueRate is a tool for homebuyers, created by Tomo Mortgage. It uses AI and analytical models to show you what a fair mortgage rate really looks like—your “true rate”—based on your unique financial situation and real market conditions. It strips out all the bait-and-switch pricing you see all over the internet, such as rates advertised with big point fees hiding in the fine print.
Instead of giving you a one-size-fits-all estimate, TrueRate calculates what rate you should be looking for that day, using the same kinds of data that lenders themselves rely on to provide their own rate information. We’re just making it all public for the first time. You’ll be able to see whether an interest rate offered by a bank, credit union, or mortgage company is low, average, or too high—before you agree to anything.
We believe in transparency. Here’s how we crunched the numbers.
How do mortgage rates at credit unions and banks compare?
When it comes to getting a mortgage, many homebuyers start by comparing offers—typically, based on the interest rate—from both banks and credit unions. But advertised rates don’t always tell the full story.
To help figure out which mortgage companies offer low interest rates, we created a model: TrueRate. The model is based on roughly one million real home loans (and we’re adding more daily), from over 1,000 regional and national banks, local credit unions, and independent and online mortgage companies. With all this data, we’re able to see which lender offers low rates most often, and how that compares to the industry average.
TrueRate shows that a number of credit unions offer lower interest rates, on average, compared to large national lenders and big banks. But this isn’t every credit union. And the analysis is limited to 30-year fixed-rate primary mortgages (i.e., the most common loan type) at this time.
Here are some of the key findings in our analysis:
- Some local credit unions offer mortgage interest rates in the top 30th percentile (i.e., rates lower than 70% of all other lenders) more often than large national banks.
- Larger lenders, overall, tend to have higher mortgage origination fees (i.e., fees added to the cost of the loan), than smaller lenders, as our analysis of lender fees reveals.
- Independent mortgage companies can fall in both extremes—exceptionally high and exceptionally low rates and fees. Tomo Mortgage is one of the few independent mortgage companies that offers similar low rate ranges as local credit unions, but also has the advantage of $0 lender fees.
Unfortunately, there’s no single definitive answer to “who has the best rates,” in every situation for everyone, or even on any given day. Interest rates often vary widely by lender, loan type, and your personal financial profile. Not every credit union is set up to offer the most competitive rates all the time. It’s important to reach out to multiple lenders—whether that’s a big bank, a credit union, or a mortgage company like Tomo Mortgage—to see who has the lowest rates and fees for you.
Frequently asked questions
Here’s a quick look at how average mortgage rates have moved over the past several years, across all mortgage lenders (banks, credit unions, and independent mortgage companies).
Year / Avg 30-year fixed rate
| Year | Avg 30-year fixed rate | What drove rates? | |
|---|---|---|---|
| 2018 / ~4.54% | 2018 | ~4.54% | Fed rate hikes increased borrowing costs across banks and credit unions. |
| 2019 / ~3.94% | 2019 | ~3.94% | Economic slowdown led to Fed rate cuts; credit unions began lowering rates. |
| 2020 / ~3.11% | 2020 | ~3.11% | Pandemic uncertainty triggered record-low mortgage rates across the board. |
| 2021 / ~2.96% | 2021 | ~2.96% | Credit unions and banks hit historic lows as demand soared. |
| 2022 / ~5.34% | 2022 | ~5.34% | Inflation surged; the Fed responded with aggressive hikes, pushing bank rates higher. |
| 2023 / ~6.80% | 2023 | ~6.80% | Volatility and inflation kept rates elevated; credit unions offered some relief. |
| 2024 / ~6.72% | 2024 | ~6.72% | Rates stabilized slightly; smaller lenders and credit unions offered competitive pricing. |
| 2025 / ~6.35% | 2025 | ~6.35% | So far this year, mortgage rates at banks and credit unions range from 6.35% to 7.04%. |
To more accurately compare rates apples-to-apples, Tomo Mortgage created TrueRate to model the “true rate” different banks and credit unions, as well as other mortgage companies, are charging real home buyers. It uses actual rates from real borrowers to give you a transparent view.
We recommend talking to multiple lenders listed on TrueRate, and requesting an official loan estimate from each of them so that you have all the information you need to make an informed decision.
Here’s what to watch for when shopping rates:
- Look at the APR, not just the interest rate
- Ask if the quoted rate includes discount points or origination fees
- Compare quotes from at least 3 mortgage lenders
Note that many homebuyers start by looking at online quotes and offers from banks and credit unions, such as the information listed on their website. While this can be a helpful way to explore some of your options, these advertised rates don’t always tell the full story.
Now, whether it’s a credit union or a bank, what you’re quoted depends on:
- Your credit score
- Your loan-to-value ratio
- Discount points or fees (which many lenders bake into low “advertised” rates)
- The lender’s business model
Note that some banks rely on “bait and switch” tactics when advertising rates online. They might show you interest rates online that only apply to an ideal buyer with perfect credit, for example. Or, more often, they only show rates with really high upfront fees. Looking at the APR, and making sure that the APR and interest rate are the same (or nearly the same), is a good way to assess the real price of the mortgage.
Wisconsin’s housing market is shaping up nicely
With more manageable rates, potential homeowners can explore Wisconsin’s mix of urban and rural living without worrying about stretching their finances.
Milwaukee is a busy city known for its vibrant arts scene, diverse neighborhoods, and strong sense of community. Even though the demand for homes has gone up, areas like Bay View and Wauwatosa still offer affordable options for first-time buyers looking to settle in the city. The local restaurants, cultural events, and closeness to Lake Michigan make it even more appealing.
If you’re looking for a quieter lifestyle, towns like Madison, Eau Claire, and Brookfield offer a small-town feel with plenty of amenities. Madison, famous for its progressive culture and beautiful lakes, is home to the University of Wisconsin and has a variety of housing options. Eau Claire is a family-friendly town with affordable homes and lots of natural beauty.
Wisconsin also helps first-time homebuyers through programs that offer assistance with down payments and mortgages. These resources make buying a home more accessible by easing some of the financial pressure.
With its mix of charming cities, beautiful landscapes, and improving interest rates, Wisconsin is a great place to consider for your next home. Whether you’re interested in the urban vibe of Milwaukee or the peaceful beauty of the countryside, Wisconsin has something special for you.