Dairy State Bank Mortgage Rates, Fees & Info

Rice Lake, WI

LEI: 2549006KT1XNB09W2M78

Tax ID: 39-0848078

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Dairy State Bank is a smaller bank specializing in Home Purchase and Refi loans. Dairy State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Menomonie, Eau Claire, Minneapolis, Brookings, and La Crosse among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Dairy State Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    186

    Origination Dollar Volume (All Markets)

    $31,420,000

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Outside of Metro Areas 115 $17,555,000 $152,652 $0 0.00%
    Menomonie, WI (FHA|USDA|VA) 41 $7,995,000 $195,000 $0 0.00%
    EAU CLAIRE, WI (FHA|USDA|VA) 19 $3,445,000 $181,316 $0 0.00%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 8 $1,840,000 $230,000 $0 0.00%
    Brookings, OR (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Dairy State Bank's top markets include Menomonie, Eau Claire, Minneapolis, Brookings, and La Crosse among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 186 $31,420,000 $168,925 $0 0.00%

    For 2022, Dairy State Bank's most frequently originated type of loan was Conventional, with 186 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 86 $18,190,000 $211,512 $0 0.00%
    Refi 52 $8,140,000 $156,538 $0 0.00%
    Other 23 $1,935,000 $84,130 $0 0.00%
    Home Improvement 15 $905,000 $60,333 $0 0.00%
    Cash Out Refi 10 $2,250,000 $225,000 $0 0.00%

    For 2022, Dairy State Bank's most frequently cited loan purpose was Home Purchase, with 86 originations. The 2nd most popular reason was Refi, with 52 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 186 $31,420,000 $168,925 $0 0.00%

    For 2022, Dairy State Bank's most frequently cited loan duration was Other, with 186 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 68 $3,650,000 $53,676 $0 0.00%
    $200k-400k 55 $15,215,000 $276,636 $0 0.00%
    $100k-200k 52 $7,520,000 $144,615 $0 0.00%
    $400k-600k 11 $5,035,000 $457,727 $0 0.00%

    2022 saw Dairy State Bank place emphasis on $100,000 or less loans with 68 originations, totaling $3,650,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 45 $5,455,000 $121,222 $0 0.00%
    $75k-100k 42 $6,460,000 $153,810 $0 0.00%
    $100k-150k 39 $8,025,000 $205,769 $0 0.00%
    $50k or less 27 $2,855,000 $105,741 $0 0.00%
    $150k-250k 13 $3,275,000 $251,923 $0 0.00%
    $250k+ 13 $3,955,000 $304,231 $0 0.00%

    Dairy State Bank lent most frequently to those with incomes in the $50k-75k range, with 45 originations. The second most popular income band? $75k-100k, with 42 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 186 $31,420,000 $168,925 $0 0.00%

    Dairy State Bank lent most frequently to those with DTI ratios of Exempt%, with 186 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 168 $27,930,000 $166,250 $0 0.00%
    Not provided 12 $1,840,000 $153,333 $0 0.00%
    Not applicable 5 $1,355,000 $271,000 $0 0.00%
    Asian 1 $295,000 $295,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.04%

    Dairy State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.26%

    Dairy State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 186 $31,420,000 $168,925

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    186 $31,420,000 $168,925