Current Rates as of

Madison First, LLC offers loans for nearly every borrower. Please ask your account executive for a Good Faith Estimate. Listed below are our most popular loans. Please let us know if you have a special request.

Rate chart explanations

Conforming Loan Programs
Loans that conform to the Fannie Mae and Freddie Mac regulations for wholesale purchase. Fully 95% of the mortgage loans originated in the country are conforming loans.

Interest Rate
The interest rate of the loan at closing. If you select a fixed rate loan, this number will never change. If you select an adjustable rate loan, this number will change. Please ask your account executive for a full explanation of when, and how these rates adjust.

Points
A one-time charge by the lender to increase their yield on the loan. 1 point is 1% of the loan amount.

APR: Annual Percentage Rate
The APR is the real cost of the loan. It takes into consideration all the charges that exist in obtaining this credit that would not exist in a cash transaction. The APR is the best method for comparing different loans; much like you would use unit pricing to compare the cost of different size boxes of cereal in the grocery store. If you are looking at a 20 oz box of cereal for $2.39 vs. a 30 oz box for $3.69, how do you know which is the better buy? You would break it down to cost per ounce. The APR does the same thing with interest rate, fees and terms. When shopping for a loan ALWAYS consider the APR. It is much more important that the initial interest rate.

Interest Rate Disclaimer:

Rates shown are for a $185,000 purchase or rate/term refinance loan with 20% equity and a 30 day lock period for standard, owner-occupied properties in the state of Wisconsin, where the owner has good credit and will escrow property taxes. Longer lock periods will cost slightly more. To lock an interest rate call 608-274-3420. Annual Percentage Rates (APRs) shown assumes the loan disburses on the last day of the month, a down payment of at least 20%, and prepaid finance charges. Your actual APR may vary. Due to changing market conditions, rates and fees may change without notice. Please call for complete details and to find the loan that is right for you.