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Key Questions:

    1. Who are the leading lenders in Milwaukee, Wisconsin?
    2. The leading lenders, by market share, are Countrywide Bank, Fsb, Jpmorgan Chase Bank, Na and Wells Fargo Bank, Na. Do you have the best rate possible? Find out your credit score or browse
    1. How stretched will home owners in Milwaukee, Wisconsin be in paying off their mortgage?
    2. Homeowners in Milwaukee, Wisconsin borrowed an average of 1.79 times their annual income for their mortgage. This compares to 1.97 for all of the US. Based on the national average, there will be a normal risk that Milwaukee, Wisconsin homeowners will default on their mortgage payments in the coming years.
    1. How likely are the owners of homes in Milwaukee, Wisconsin to actually live in them?
    2. 89.8% of home owners in Milwaukee, Wisconsin that applied for a mortgage in 2008 live in their homes versus owning them as an investment property. This compares to the national average of 90.0%.
    1. How at risk is Milwaukee, Wisconsin to the subprime mortgage crisis?
    2. Loans taken out by home owners in Milwaukee, Wisconsin are within a +/- 10 percent band of the national average. That is to say, Milwaukee, Wisconsin will likely be affected by the subprime mortgage crisis just like the average county in the US.
2008 Mortgage Research Milwaukee Wisconsin US
Total Applications 50,785 359,119 17,391,570
Average Loan $146.0k $153.3k $198.2k
Loan to Income Ratio 1.79 1.75 1.97
Subprime Loans 5.10% 5.54% 4.81%
Refinancing Loans 63.83% 67.14% 52.52%
Principal Dwellings 89.80% 90.98% 90.00%
Rejected Applications 14.54% 10.83% 15.15%

Nearby Counties:   Racine, Waukesha, Ozaukee, Kenosha, Washington

WISCONSIN Mortgage Rates
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Top Ten Lenders
# Name Share Apps
1 Countrywide Bank, Fsb 9.92% 4,847
2 Jpmorgan Chase Bank, Na 7.39% 3,447
3 Wells Fargo Bank, Na 6.62% 3,392
4 M&I Marshall & Ilsley Bank 3.81% 1,616
5 Gmac Mortgage Llc 3.11% 1,260
6 Citimortgage, Inc 2.84% 1,503
7 Associated Bank, N.A. 2.78% 1,709
8 Beneficial Company Llc 2.68% 1,306
9 Gmac Bank 2.52% 968
10 Us Bank, N.A. 2.50% 1,083