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Safe Rate's TrueRank Guarantee
Our rankings are earned, not bought. We analyze 2,347 lenders using federal HMDA data—no pay-to-play, no cherry-picking. You see the best options based on performance metrics, not advertising dollars.
Best Conventional Mortgage Bank Lenders in Madison
Updated February 5, 2026
Market Overview
21
Total Lenders
7,150
Total Loans
0.13%
Median Rate Spread
| Rank | Lender | Overall | Pricing | Product | Pull Through | Place | Avg Fees | Spread | Volume | Action |
|---|---|---|---|---|---|---|---|---|---|---|
1 | Johnson Bank | Exceptional | Exceptional | Exceptional | Exceptional | Strong | $570 | -0.059% | 176 | |
2 | Old National Bank | Exceptional | Exceptional | Exceptional | Strong | Strong | $1,328 | -0.089% | 97 | |
3 | Associated Bank, National Association | Exceptional | Exceptional | Exceptional | Strong | Strong | $790 | -0.205% | 70 | |
4 | Bank First, N.A. | Exceptional | Exceptional | Strong | Exceptional | Sound | $346 | +0.010% | 29 | |
5 | The Bank of New Glarus | Exceptional | Strong | Strong | Strong | Exceptional | $583 | +0.275% | 240 | |
6 | Lake Ridge Bank | Exceptional | Exceptional | Sound | Sound | Exceptional | $457 | +0.031% | 178 | |
7 | The Park Bank | Exceptional | Exceptional | Sound | Strong | Strong | $309 | -0.082% | 151 | |
8 | U.S. Bank National Association | Exceptional | Strong | Exceptional | Strong | Strong | -$29 | +0.123% | 139 | |
9 | Barrington Bank & Trust Company, National Association | Exceptional | Sound | Exceptional | Strong | Exceptional | $2,020 | +0.075% | 438 | |
10 | The Huntington National Bank | Exceptional | Strong | Exceptional | Strong | Sound | $1,528 | +0.334% | 30 | |
11 | Morgan Stanley Private Bank, National Association | Exceptional | Exceptional | Strong | Sound | Sound | $446 | -0.356% | 16 | |
12 | JPMorgan Chase Bank, National Association | Strong | Sound | Exceptional | Strong | Strong | $2,116 | +0.136% | 88 | |
13 | Bank Five Nine | Strong | Strong | Strong | Strong | Sound | $1,221 | -0.001% | 36 | |
14 | Wells Fargo Bank, National Association | Strong | Strong | Exceptional | Sound | Sound | $2,087 | -0.079% | 31 | |
15 | BMO Bank National Association | Strong | Strong | Strong | Sound | Sound | $520 | +0.263% | 36 | |
16 | Bell Bank | Strong | Acceptable | Exceptional | Strong | Strong | $2,966 | +0.097% | 240 | |
17 | Merchants Bank of Indiana | Strong | Sound | Strong | Sound | Sound | $1,998 | -0.047% | 19 | |
18 | One Community Bank | Strong | Sound | Acceptable | Sound | Strong | $1,029 | +0.249% | 36 | |
19 | USAA Federal Savings Bank | Strong | Sound | Strong | Acceptable | Sound | $2,237 | -0.187% | 17 | |
20 | Ixonia Bank | Sound | Mediocre | Exceptional | Strong | Sound | $3,354 | +0.375% | 60 | |
21 | Bank of England | Sound | Acceptable | Strong | Sound | Sound | $1,102 | +0.502% | 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)
10
Pricing
Rate and fee competitiveness (25%)
10
Pull Through
Reliability in closing loans (25%)
10
Product
Specialization in the loan type (25%)
10
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.
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Madison, WIConventional
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