Wintrust Mortgage Review 2022

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At a glance

Wintrust Mortgage


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Bankrate Score

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Loans offered

Conventional, jumbo, FHA, VA, USDA, fixed-rate, adjustable-rate; rate-and-term, cash-out and streamline refinancing; home equity line of credit (HELOC); construction and renovation loans; investment property
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Nationwide availability

Available in all U.S. states
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Min. credit score required

Minimum credit score requirements not available

Pros and cons


  • Participates in programs designed to help with the down payment and closing costs, including a $2,000 grant program
  • Digital application platform Wintrust Zoom allows borrowers to apply via computer or smartphone
  • A+ rating from the Better Business Bureau


  • Doesn’t showcase rates or lender fees online
  • Website is limited and has some out-of-date information

Wintrust Mortgage overview

Wintrust Mortgage has been in business since 1979 and has more than 65 locations across the U.S. While the lender as of late has been concentrated on markets in California, Minnesota and its home base Illinois, it’s available to borrowers nationwide. The lender is a division of Barrington Bank and Trust Company, and part of a network of banking institutions owned by Wintrust Financial Corporation. The lender offers a variety of loan programs, including options geared toward first-time homebuyers who might be struggling to come up with a down payment. Borrowers can apply online, but the lender doesn’t indicate how long it takes to get a preapproval, nor how long closings typically take.

Good for

Borrowers looking for down payment assistance or loans that may not fit standard guidelines

Loan types 

  • Conventional
  • Jumbo
  • FHA
  • VA
  • USDA
  • Fixed-rate
  • Adjustable-rate
  • Rate-and-term, cash-out and streamline refinancing
  • Home equity line of credit (HELOC)
  • Construction and renovation loans
  • Investment property

Lender fees 

Wintrust Mortgage doesn’t disclose its fee structure online. Ask a loan officer for a complete breakdown of origination charges and administrative fees, if any, and if there are options for lender credits to offset costs. 


Wintrust Mortgage doesn’t advertise mortgage rates on its website. To get an estimate of the rate you might qualify for, you’ll need to submit an application.

Online services

Wintrust Mortgage’s website features a learning center with videos and a glossary to help borrowers understand the basics of buying a home. There are also calculators to estimate your monthly payments and your credit score, although some portions of the website are out of date and reflect past conforming loan limits that no longer apply to borrowers.

Notably, the lender’s Zoom Mortgage platform makes the application process easy from a smartphone or a computer with document upload capabilities, a monitoring system to track progress and alerts if you need to submit additional information.

Minimum borrower requirements 

Wintrust Mortgage adheres to the conforming loan requirements for mortgages approved by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, along with the requirements in place by the Federal Housing Administration (FHA) and U.S. the Department of Veterans Affairs (VA).

For conventional loans, key requirements include good credit (typically a FICO score of 620 or higher) and a minimum down payment of 3 percent. It’s important to note that a down payment less than 20 percent will require you to pay private mortgage insurance (PMI).

FHA-backed loans generally have more lenient requirements (a 580 credit score with a 3.5 percent down payment), and VA-backed loans do not require a down payment.

Additionally, while Wintrust Mortgage does not disclose specific borrower requirements online, it does indicate that there are options for loans that do not fit “standard guidelines.” 

Refinancing with Wintrust Mortgage 

Wintrust Mortgage offers a range of refinancing options including rate-and-term refinances, cash-out refinances and VA Interest Rate Reduction Refinance Loans (IRRRLs) for eligible veterans. While the lender does not disclose rates online, a loan officer indicated that the costs associated with refinancing include a $1,315 administration fee, plus title costs and an appraisal fee. Depending on the rate you choose, you might be able to secure lender credits to offset some costs.  

Not sure if Wintrust Mortgage is right for you? Consider these alternatives

Breakdown of Wintrust Mortgage overall review score 

  • Affordability: 3/5
  • Availability: 3.8/5
  • Borrower experience: 4.3/5

Review methodology

To determine a mortgage lender’s Bankrate Score, Bankrate’s editorial team rates lenders on a scale of one to five stars based on a variety of factors relating to the lender’s products and services. Bankrate’s partners compensate us, but our opinions are our own, and partner relationships do not influence our reviews. Here is our full methodology.

Wintrust Mortgage consumer reviews


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Written by
David McMillin
Contributing writer
David McMillin is a contributing writer for Bankrate and covers topics like credit cards, mortgages, banking, taxes and travel. David's goal is to help readers figure out how to save more and stress less.
Edited by
Mortgage editor