Safe Rate Rankings

Best Conventional Mortgage 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 Lenders65

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	Summit Credit UnionCredit Union	Exceptional	Exceptional	Exceptional	Strong	Exceptional	$146Fees	0.137%Below	1,027
2	Johnson BankBank	Exceptional	Exceptional	Exceptional	Exceptional	Strong	$570Fees	0.059%Below	176
3	Old National BankBank	Exceptional	Exceptional	Exceptional	Strong	Strong	$1,328Fees	0.089%Below	97
4	Associated Bank, National AssociationBank	Exceptional	Exceptional	Exceptional	Strong	Strong	$790Fees	0.205%Below	70
5	DUPACO COMMUNITYCredit Union	Exceptional	Exceptional	Exceptional	Exceptional	Sound	$2,043Fees	0.461%Below	25
6	University of Wisconsin Credit UnionCredit Union	Exceptional	Strong	Exceptional	Strong	Exceptional	$301Fees	0.127%Above	1,316
7	Bank First, N.A.Bank	Exceptional	Exceptional	Strong	Exceptional	Sound	$346Fees	0.010%Above	29
8	The Bank of New GlarusBank	Exceptional	Strong	Strong	Strong	Exceptional	$583Fees	0.275%Above	240
9	Lake Ridge BankBank	Exceptional	Exceptional	Sound	Sound	Exceptional	$457Fees	0.031%Above	178
10	The Park BankBank	Exceptional	Exceptional	Sound	Strong	Strong	$309Fees	0.082%Below	151
11	U.S. Bank National AssociationBank	Exceptional	Strong	Exceptional	Strong	Strong	$29Credit	0.123%Above	139
12	NAVY FEDERAL CREDIT UNIONCredit Union	Exceptional	Exceptional	Exceptional	Sound	Sound	$1,001Fees	0.607%Below	29
13	THOMPSON KANE & COMPANY, INCIndependent Mortgage Company	Exceptional	Sound	Strong	Exceptional	Exceptional	$1,773Fees	0.279%Above	549
14	Barrington Bank & Trust Company, National AssociationBank	Exceptional	Sound	Exceptional	Strong	Exceptional	$2,020Fees	0.075%Above	438
15	The Huntington National BankBank	Exceptional	Strong	Exceptional	Strong	Sound	$1,528Fees	0.334%Above	30
16	Morgan Stanley Private Bank, National AssociationBank	Exceptional	Exceptional	Strong	Sound	Sound	$446Fees	0.356%Below	16
17	JPMorgan Chase Bank, National AssociationBank	Strong	Sound	Exceptional	Strong	Strong	$2,116Fees	0.136%Above	88
18	Bank Five NineBank	Strong	Strong	Strong	Strong	Sound	$1,221Fees	0.001%Below	36
19	Wells Fargo Bank, National AssociationBank	Strong	Strong	Exceptional	Sound	Sound	$2,087Fees	0.079%Below	31
20	Landmark Credit UnionCredit Union	Strong	Strong	Strong	Strong	Sound	$738Fees	0.053%Below	19
21	ROCKET MORTGAGE, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Exceptional	Strong	$4,143Fees	0.325%Above	191
22	UNITED WHOLESALE MORTGAGE, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Exceptional	Strong	$1,854Fees	0.011%Below	126
23	Nations Lending CorporationIndependent Mortgage Company	Strong	Acceptable	Exceptional	Exceptional	Strong	$1,773Fees	0.489%Above	64
24	Heartland Credit Union (Madison)Credit Union	Strong	Strong	Sound	Sound	Strong	$486Fees	0.027%Above	64
25	Wings Financial Credit UnionCredit Union	Strong	Strong	Strong	Sound	Sound	$784Fees	0.052%Below	46
26	LOANDEPOT.COM, LLCIndependent Mortgage Company	Strong	Sound	Exceptional	Strong	Sound	$3,590Fees	0.183%Above	40
27	BMO Bank National AssociationBank	Strong	Strong	Strong	Sound	Sound	$520Fees	0.263%Above	36
28	MUTUAL OF OMAHA MORTGAGE, INC.Independent Mortgage Company	Strong	Strong	Strong	Sound	Sound	$1,484Fees	0.022%Below	26
29	ARK-LA-TEX FINANCIAL SERVICES, LLC.Independent Mortgage Company	Strong	Sound	Exceptional	Strong	Sound	$1,697Fees	0.299%Above	18
30	FAIRWAY INDEPENDENT MORTGAGE CORPORATIONIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Strong	$1,134Fees	0.016%Above	444
31	Bell BankBank	Strong	Acceptable	Exceptional	Strong	Strong	$2,966Fees	0.097%Above	240
32	GUILD MORTGAGE COMPANY LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Strong	$3,621Fees	0.240%Above	237
33	Prosperity Home Mortgage, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Strong	$2,041Fees	0.130%Above	148
34	PENNYMAC LOAN SERVICES, LLCIndependent Mortgage Company	Strong	Sound	Exceptional	Sound	Sound	$555Fees	0.166%Below	21
35	AMERIHOME MORTGAGE COMPANY, LLCIndependent Mortgage Company	Strong	Sound	Strong	Strong	Sound	$1,652Fees	0.230%Above	16
36	CROSSCOUNTRY MORTGAGE, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Sound	$2,971Fees	0.536%Above	70
37	GUARANTEED RATE, INC.Independent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Sound	$2,488Fees	0.145%Above	33
38	Sierra Pacific Mortgage Company, Inc.Independent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Sound	$822Fees	0.183%Below	23
39	Merchants Bank of IndianaBank	Strong	Sound	Strong	Sound	Sound	$1,998Fees	0.047%Below	19
40	NEWREZ LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Sound	Sound	$1,755Fees	0.121%Above	66
41	One Community BankBank	Strong	Sound	Acceptable	Sound	Strong	$1,029Fees	0.249%Above	36
42	Synergy One Lending, Inc.Independent Mortgage Company	Strong	Acceptable	Strong	Strong	Sound	$3,219Fees	0.506%Above	23
43	USAA Federal Savings BankBank	Strong	Sound	Strong	Acceptable	Sound	$2,237Fees	0.187%Below	17
44	Ixonia BankBank	Sound	Mediocre	Exceptional	Strong	Sound	$3,354Fees	0.375%Above	60
45	Bank of EnglandBank	Sound	Acceptable	Strong	Sound	Sound	$1,102Fees	0.502%Above	20
46	COMPEER FINANCIAL, FLCAIndependent Mortgage Company	Sound	Mediocre	Strong	Sound	Sound	$3,241Fees	0.731%Above	27

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.