Safe Rate Rankings

Best Conventional Mortgage Bank Lenders in Madison

Updated February 5, 2026

⚖️ The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.

🛡️ No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

📊 HMDA 2024Built using publicly available originated loan data from the federal government.

🎯 Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.

Market

Total Lenders21

Total Loans7,150

Median Rate Spread0.13%

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Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	Johnson BankBank	Exceptional	Exceptional	Exceptional	Exceptional	Strong	$570Fees	0.059%Below	176
2	Old National BankBank	Exceptional	Exceptional	Exceptional	Strong	Strong	$1,328Fees	0.089%Below	97
3	Associated Bank, National AssociationBank	Exceptional	Exceptional	Exceptional	Strong	Strong	$790Fees	0.205%Below	70
4	Bank First, N.A.Bank	Exceptional	Exceptional	Strong	Exceptional	Sound	$346Fees	0.010%Above	29
5	The Bank of New GlarusBank	Exceptional	Strong	Strong	Strong	Exceptional	$583Fees	0.275%Above	240
6	Lake Ridge BankBank	Exceptional	Exceptional	Sound	Sound	Exceptional	$457Fees	0.031%Above	178
7	The Park BankBank	Exceptional	Exceptional	Sound	Strong	Strong	$309Fees	0.082%Below	151
8	U.S. Bank National AssociationBank	Exceptional	Strong	Exceptional	Strong	Strong	$29Credit	0.123%Above	139
9	Barrington Bank & Trust Company, National AssociationBank	Exceptional	Sound	Exceptional	Strong	Exceptional	$2,020Fees	0.075%Above	438
10	The Huntington National BankBank	Exceptional	Strong	Exceptional	Strong	Sound	$1,528Fees	0.334%Above	30
11	Morgan Stanley Private Bank, National AssociationBank	Exceptional	Exceptional	Strong	Sound	Sound	$446Fees	0.356%Below	16
12	JPMorgan Chase Bank, National AssociationBank	Strong	Sound	Exceptional	Strong	Strong	$2,116Fees	0.136%Above	88
13	Bank Five NineBank	Strong	Strong	Strong	Strong	Sound	$1,221Fees	0.001%Below	36
14	Wells Fargo Bank, National AssociationBank	Strong	Strong	Exceptional	Sound	Sound	$2,087Fees	0.079%Below	31
15	BMO Bank National AssociationBank	Strong	Strong	Strong	Sound	Sound	$520Fees	0.263%Above	36
16	Bell BankBank	Strong	Acceptable	Exceptional	Strong	Strong	$2,966Fees	0.097%Above	240
17	Merchants Bank of IndianaBank	Strong	Sound	Strong	Sound	Sound	$1,998Fees	0.047%Below	19
18	One Community BankBank	Strong	Sound	Acceptable	Sound	Strong	$1,029Fees	0.249%Above	36
19	USAA Federal Savings BankBank	Strong	Sound	Strong	Acceptable	Sound	$2,237Fees	0.187%Below	17
20	Ixonia BankBank	Sound	Mediocre	Exceptional	Strong	Sound	$3,354Fees	0.375%Above	60
21	Bank of EnglandBank	Sound	Acceptable	Strong	Sound	Sound	$1,102Fees	0.502%Above	20

How We Rank Lenders

Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.

Our Point System (Max 40 Points)

Pricing

Rate and fee competitiveness (25%)

Pull Through

Reliability in closing loans (25%)

Product

Specialization in the loan type (25%)

Place

Local market expertise (25%)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.