Wisconsin Mortgage Rates

The Badger State is more than just beers, lakes, and football. Fun fact: Wisconsin is home to Les Paul who helped shape modern music. And aside from being hailed as America’s Dairyland, the state also contributes significantly to the country’s economy as a leading exporter of products such as cranberries, whey, and ginseng root, among others.

It’s an interesting state that is home to over 5 million Americans. It is also an affordable state to settle in with homes averaging $167,300 in valuation.

These homes were 6.2 percent less in value last year and is projected to continue to rise by 3.2 percent next year. The average price of homes listed in the state is $189,900.

Shopping for a home in Wisconsin

The state’s housing division partners with both private and public entities to ensure services are delivered. It has three bureaus, each dedicated to respond to a specific aspect of the state’s housing issues.

Homebuyers may be directed to the Bureau of Affordable Housing which administers the purchase and rehabilitation of a home, development of single and multifamily properties, as well as assistance on disaster rehabilitation and recovery.

Getting a mortgage in the Badger State

When getting a mortgage in Wisconsin or in any other state, the first thing to consider is the mortgage rates. Rates may vary from city to city and from one lender to another. But an upfront rate should not be your only basis for comparison.

Some lenders charge low fees upfront, or promise rates that are too good to be true on advertising flyers, yet charge hefty fees that you only get to know at closing. Before you sign any document, make sure you read the fine print.

Avoid fraudulent lenders by taking to the MortgageSum’s lender comparison portal. We have compiled the state’s best lenders for you so you can skip the daunting process of filtering through the options.