Wisconsin Mortgage Corporation has Lowest Closing Cost in the Nation Posted on August 11, 2014 by socialmedia by According to Bankrate.com, Wisconsin has the fifth-highest closing cost in the nation at $2,706 — Wisconsin Mortgage Corporation actually has the lowest at $1,034. For the survey, Bankrate.com requested good faith estimates for a $200,000 mortgage loan from up to 10 lenders in each state, plus Washington, D.C. The hypothetical loan was for a purchase of a single-family house in the state’s largest city, using a 20 percent down payment, with excellent credit. An asterisk denotes a tie in the rankings. The table below ranks states by average closing costs, from most expensive to least expensive. Not included in costs: insurance, title search, taxes, other government fees and escrow fees. (Origination fees are an up-front fee charged by a lender for processing a new loan application. Third-party fees could include attorneys, insurance agencies or any association important to the home loan process. Add the origination fee plus the third-party fee and that gives you the total amount owed: origination plus third-party fees.) Closing costs 2014 rank State Lender’s origination fees Third-party fees Origination plus third-party fees 1 Texas $2,280 $766 $3,046 2 Alaska $2,195 $703 $2,897 3 New York $2,109 $783 $2,892 4 Hawaii $2,009 $799 $2,808 5 Wisconsin $2,035 $671 $2,706 6 Nebraska $1,975 $679 $2,654 7 Vermont $1,979 $670 $2,649 8 Florida $1,982 $666 $2,648 9 New Hampshire $1,975 $666 $2,641 10 New Jersey $1,891 $733 $2,625 11 Alabama $1,967 $646 $2,613 12 North Carolina $1,887 $714 $2,602 13 North Dakota $1,936 $663 $2,599 14 Kansas $1,956 $625 $2,582 15 Louisiana $1,928 $652 $2,580 16 Rhode Island $1,931 $645 $2,576 17 Massachusetts $1,871 $693 $2,564 18 South Dakota $1,940 $623 $2,563 19 Mississippi $1,931 $629 $2,560 20 Oregon $1,896 $663 $2,559 21 Connecticut $1,885 $670 $2,555 22 California $1,881 $661 $2,542 23 Utah $1,889 $648 $2,537 24 Wyoming $1,890 $628 $2,518 25* West Virginia $1,805 $711 $2,516 25* Delaware $1,771 $745 $2,516 25* New Mexico $1,761 $755 $2,516 28 Pennsylvania $1,907 $603 $2,511 29 Oklahoma $1,908 $591 $2,498 30 Maine $1,854 $643 $2,497 31 South Carolina $1,786 $708 $2,494 32 Montana $1,796 $695 $2,491 33 Illinois $1,841 $640 $2,481 34 Virginia $1,840 $639 $2,479 35 Iowa $1,773 $675 $2,448 36* Idaho $1,800 $641 $2,440 36* Indiana $1,796 $644 $2,440 38 Minnesota $1,836 $619 $2,436 39 Colorado $1,817 $619 $2,436 40* Washington $1,830 $605 $2,435 40* Michigan $1,835 $600 $2,435 42 Georgia $1,766 $667 $2,433 43 Kentucky $1,790 $640 $2,430 44 Arizona $1,810 $615 $2,425 45 Arkansas $1,815 $605 $2,420 46 Maryland $1,836 $568 $2,404 47 District of Columbia $1,791 $612 $2,402 48 Ohio $1,707 $685 $2,392 49 Missouri $1,749 $638 $2,387 50 Tennessee $1,746 $620 $2,366 51 Nevada $1,570 $695 $2,265 Average $1,877 $662 $2,539 “Wisconsin Mortgage Corporation is here to help buyers — we want to see you in your dream home,” said John Inzeo, President of Wisconsin Mortgage Corporation. “We work hand in hand with Shorewest, REALTORS® to deliver a complete package of services to buyers that they can afford.” If you’re looking to refinance your home or ready to purchase a new one, contact Wisconsin Mortgage Corporation today. Tags: buying a home, current housing market, Home Buying, Housing Market, living in milwaukee, Milwaukee, Mortgage, real estate advice, real estate market, shorewest, Shorewest Realtors, Wisconsin, Wisconsin Mortgage Corporation Categories: Mortgage Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ