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Best Mortgage Rates in Wisconsin — April 2026

Compare current Wisconsin mortgage rates across loan types. The average home price in Wisconsin is $285,000 with a property tax rate of 1.73%. Find the best rate for your Wisconsin home purchase or refinance.

Avg Home Price
$285,000
Property Tax Rate
1.73%
Median Income
$67,125
Population
5.9M

Current Wisconsin Mortgage Rates

Updated April 2026. Rates shown are averages — your rate depends on credit score, down payment, loan amount, and lender.

Loan TypeRateAPRMonthly P&I*
30-Year Fixed6.89%7.01%$1,500
20-Year Fixed6.66%6.76%$1,721
15-Year Fixed6.19%6.27%$1,947
10-Year Fixed5.99%6.06%$2,530
FHA 30-Year6.49%6.64%$1,439
VA 30-Year6.29%6.39%$1,409

*Monthly payment based on $228,000 loan (20% down on $285,000 avg home price). Does not include taxes or insurance.

Estimated Monthly Payment in Wisconsin

Full PITI breakdown for a $285,000 home with 20% down at 6.89%:

Principal & Interest$1,500
Property Taxes$411
Homeowners Insurance$83
Total Monthly (PITI)$1,994

Wisconsin First-Time Homebuyer Programs

WHEDA First-Time Home Buyer

The Wisconsin Housing & Economic Development Authority offers programs to help first-time buyers in Wisconsin achieve homeownership. Benefits typically include:

  • Below-market interest rates for qualifying borrowers
  • Down payment assistance (up to 3-5% of purchase price)
  • Closing cost assistance programs
  • Homebuyer education and counseling
  • Compatible with FHA, VA, USDA, and conventional loans

Income limits, purchase price limits, and credit score requirements apply. Contact the Wisconsin Housing & Economic Development Authority directly for current program details.

Popular Cities for Homebuying in Wisconsin

🏠Milwaukee
🏠Madison
🏠Green Bay
🏠Kenosha
🏠Racine

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Wisconsin Mortgage FAQs

What are current mortgage rates in Wisconsin?+
As of April 2026, average mortgage rates in Wisconsin are approximately 6.89% for a 30-year fixed, 6.19% for a 15-year fixed, and 6.49% for an FHA 30-year loan. Rates vary based on your credit score, down payment, loan amount, and lender. Use our mortgage calculator to estimate your specific payment.
How much house can I afford in Wisconsin?+
With the average home price of $285,000 in Wisconsin and a median household income of $67,125, affordability depends on your debt-to-income ratio, down payment, and current rates. A general rule is your monthly payment (including taxes and insurance) should not exceed 28-33% of gross income. At current rates, a $285,000 home with 20% down would cost approximately $1,994/month.
What is the property tax rate in Wisconsin?+
The effective property tax rate in Wisconsin averages 1.73%. On the average home price of $285,000, that's approximately $4,931 per year or $411/month. Property taxes are a significant part of your monthly housing cost and vary by county.
Are there first-time homebuyer programs in Wisconsin?+
Yes! Wisconsin offers the WHEDA First-Time Home Buyer through the Wisconsin Housing & Economic Development Authority. This program typically provides below-market interest rates, down payment assistance, and closing cost help for qualifying first-time buyers. Income limits and property value caps apply. Contact the Wisconsin Housing & Economic Development Authority for current program details and eligibility.
Should I get a 15-year or 30-year mortgage in Wisconsin?+
A 15-year mortgage in Wisconsin currently offers rates around 6.19% vs 6.89% for 30-year, saving you significantly on interest. On a $228,000 loan, the 30-year payment is $1,500/month while a 15-year is $1,947/month. Choose 15-year if you can afford the higher payment; choose 30-year for more cash flow flexibility.
What credit score do I need to buy a home in Wisconsin?+
In Wisconsin, conventional loans typically require a 620+ credit score, FHA loans require 580+ (or 500+ with 10% down), and VA loans have no official minimum but lenders usually want 620+. Higher credit scores get better rates — a score of 760+ qualifies for the best rates in Wisconsin, potentially saving thousands over the life of the loan. The Wisconsin Housing & Economic Development Authority programs may have specific credit requirements.

Wisconsin Mortgage Tools

🏠Mortgage Calculator🔄Refinance Calculator🏡HELOC Calculator📖Mortgage Guide

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