Wintrust Mortgage Review 2021

Good for: first-time home buyers and those seeking specialty mortgages like construction loans.

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Our Take


NerdWallet rating 

The bottom line: Wintrust Mortgage offers a variety of loan products, including home equity lines of credit and even home-improvement loans, and provides a number of online conveniences, such as loan process updates. But you won’t find rates posted online.

Wintrust Mortgage

Wintrust Mortgage: NMLS#449042

Min. Credit Score


Min. Down Payment


Loan Types and Products

Purchase, Refinance, Home Equity, Jumbo, Fixed, Adjustable, FHA, VA, USDA

Pros & Cons


  • Online application and progress tracking are available.

  • Offers specialty loans, such as construction, renovation and reverse mortgages.

  • Participates in some first-time home buyer assistance programs.


  • Mortgage rates are available only by contacting a loan officer.

  • Physical locations aren't available in all states.

Compare to Other Lenders

NerdWallet rating 
NerdWallet rating 
Min. Credit Score


Min. Credit Score


Min. Down Payment


Min. Down Payment


Loan Types and Products

Purchase, Refinance, Jumbo, Fixed, Adjustable, FHA, VA

Loan Types and Products

Purchase, Refinance, Jumbo, Fixed, Adjustable, FHA

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Full Review

Due to the coronavirus pandemic, getting a mortgage may be a bit of a challenge. Lenders are dealing with high loan demand and staffing issues that may slow down the process. Also, some lenders have increased their fees, adjusted their minimum required credit scores or temporarily suspended certain loan products. If you can’t pay your current home loan, refer to our mortgage assistance resource. For the latest information on how to cope with financial stress during this pandemic, see NerdWallet’s financial guide to COVID-19.

Wintrust Mortgage at a glance

Based in a Chicago suburb, Wintrust Mortgage is a full-service home-loan lender with a wide variety of mortgage products and online conveniences, but prospective borrowers won't find rates on its website. It provides loans to customers in all 50 states, though physical locations aren’t available in every state. Wintrust has several hundred branches, with the largest concentration of offices in Chicago, Minneapolis and Los Angeles.

Here’s a breakdown of Wintrust Mortgage’s overall score:

  • Variety of loan types: 5 of 5 stars

  • Variety of loan products: 5 of 5 stars

  • Online convenience: 5 of 5 stars

  • Rates and fees: 3 of 5 stars

  • Rate transparency: 1 of 5 stars

Wintrust Mortgage loan types and products

Wintrust Mortgage offers the usual conventional fixed- and adjustable-rate purchase and refinance loans, as well as jumbo mortgages and loans backed by the Federal Housing Administration and the Department of Veterans Affairs. The lender also writes second mortgages, specifically home equity lines of credit. One distinction sets it apart from many lenders: Wintrust also offers reverse mortgages.

Other specialized loan programs include construction-to-permanent loans and FHA 203(k) home renovation loans. Construction-to-permanent mortgages allow you to finance the building costs and mortgage in one. FHA 203(k) loans allow for a purchase mortgage of a fixer-upper, with the cost of rehab built into the loan.

Additionally, Wintrust participates in several down payment assistance programs that can make it easier for first-time buyers in certain states to purchase a home.

Wintrust Mortgage online convenience

Selecting "Get started" on Wintrust's homepage leads you to the beginning of an online mortgage application. Depending on where you are in your homebuying journey, various prompts will lead you through tasks like entering your financial information, choosing the right loan option, and uploading and electronically signing documents. Wintrust also provides borrowers with loan process updates.

Wintrust Mortgage rates and fees

One of the most important considerations when choosing a mortgage lender is understanding what the loan will cost. In order to provide consumers with a general sense of what a lender might charge, NerdWallet scores lenders on two factors regarding fees and mortgage rates:

  • A lender's average origination fee compared with the median of all lenders reporting under the Home Mortgage Disclosure Act.

  • A lender's offered mortgage rates compared with the best available on comparable loans.

NerdWallet can't verify Wintrust’s mortgage rates and fees in the latest HMDA data because the lender doesn't report directly to the federal database. Wintrust is a division of Barrington Bank & Trust Company, so its fees may be reported under that name instead. As a result, NerdWallet has awarded Wintrust a neutral score of 3 for origination fees and mortgage rates.

Borrowers should consider the balance between lender fees and mortgage rates. While it's not always the case, paying upfront fees can lower your mortgage interest rate. Some lenders will charge higher upfront fees to lower their advertised interest rate and make it more attractive. Some lenders just charge higher upfront fees.

You can decide to buy discount points — a fee paid with your closing costs — to reduce your mortgage rate.

Deciding whether to pay higher upfront fees is a matter of considering how long you plan to live in your home and how much cash you have to apply toward closing costs when you sign the loan paperwork.

Wintrust Mortgage rate transparency

For prospective home buyers and refinancing homeowners looking to get some idea about Wintrust's mortgage rates, the website is of no help. No mortgage interest rates or fees are displayed online for any loan product.

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