Connexus Credit Union Mortgage Rates, Fees & Info
Wausau, WILEI: 2549007AU24FVDMNUB40
Tax ID: 39-0263945
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Mortgage Data
Review & Overview
Connexus Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Connexus Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Wausau, Minneapolis, Miami, Boston, and Chicago among others. We have data for 71 markets. (Some data included below & more in-depth data is available with an active subscription.)Connexus Credit Union has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Connexus Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.72% | 5/5/24 |
| 30 Year Conventional Refi | 6.60% | 5/5/24 |
| 15 Year Conventional Purchase | 6.50% | 5/5/24 |
| 15 Year Conventional Refi | 6.04% | 5/5/24 |
| 15 Year Cash-out Refi | 6.04% | 5/5/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Connexus Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
380Origination Dollar Volume (All Markets)
$40,150,000Awards
Connexus Credit Union - 2018
Connexus Credit Union is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 | 55 | $16,795,000 | $305,364 | $3,539 | 4.24% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 69 | $6,235,000 | $90,362 | $1,177 | 4.53% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 77 | $5,885,000 | $76,429 | $631 | 4.96% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 19 | $1,085,000 | $57,105 | $672 | 5.04% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 15 | $995,000 | $66,333 | $399 | 5.23% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 14 | $720,000 | $51,429 | $519 | 4.81% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 8 | $670,000 | $83,750 | $593 | 4.93% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 6 | $610,000 | $101,667 | $974 | 4.66% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 6 | $490,000 | $81,667 | $449 | 5.41% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 7 | $465,000 | $66,429 | $472 | 5.35% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $360,000 | $90,000 | $537 | 5.62% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 6 | $360,000 | $60,000 | $533 | 4.91% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $744 | 5.16% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 4 | $320,000 | $80,000 | $484 | 6.12% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 6 | $320,000 | $53,333 | $248 | 5.07% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 6 | $300,000 | $50,000 | $433 | 5.32% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 6 | $260,000 | $43,333 | $297 | 5.49% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 4 | $250,000 | $62,500 | $453 | 5.49% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 4 | $240,000 | $60,000 | $450 | 5.12% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $688 | 5.49% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $867 | 4.99% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $506 | 6.49% |
| Sonora, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $505 | 4.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $385 | 5.49% |
| TULSA, OK (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $573 | 5.49% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $135,000 | $45,000 | $425 | 5.32% |
| Key West, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $730 | 4.99% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $397 | 6.49% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $257 | 5.74% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $294 | 5.49% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $354 | 5.49% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $279 | 4.49% |
| RENO, NV (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $230 | 5.99% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $325 | 4.99% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $231 | 4.49% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $280 | 6.49% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $201 | 5.49% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $505 | 5.49% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $205 | 6.49% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $764 | 6.49% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $397 | 5.35% |
| AKRON, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $741 | 5.99% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $829 | 6.49% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $290 | 5.99% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $408 | 5.99% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $645 | 5.99% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $308 | 4.00% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $254 | 6.49% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $955 | 6.99% |
| Shawano, WI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $309 | 4.49% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $215 | 4.49% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $607 | 4.99% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $279 | 4.99% |
| MADISON, WI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $215 | 6.49% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $299 | 5.99% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $430 | 4.99% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $254 | 4.49% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $180 | 4.49% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $295 | 4.99% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $279 | 4.49% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $346 | 4.99% |
| REDDING, CA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $315 | 5.99% |
| CARSON CITY, NV (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $309 | 5.99% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $744 | 4.49% |
| RACINE, WI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $190 | 4.49% |
| Grand Rapids, MN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $385 | 5.49% |
| OCALA, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $264 | 5.49% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $234 | 4.99% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $279 | 5.99% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $264 | 4.99% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $274 | 7.49% |
Similar Lenders
We use machine learning to identify the top lenders compared against Connexus Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 380 | $40,150,000 | $105,658 | $1,083 | 4.92% |
For 2018, Connexus Credit Union's most frequently originated type of loan was Conventional, with 380 originations.
Loan Reason
For 2018, Connexus Credit Union's most frequently cited loan purpose was Other, with 106 originations. The 2nd most popular reason was Home Purchase, with 81 originations.
Loan Duration/Length
For 2018, Connexus Credit Union's most frequently cited loan duration was 20 Year, with 162 originations. The 2nd most popular length was 30 Year, with 72 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 379 | $39,995,000 | $105,528 |
| $1k-2k | 1 | $155,000 | $155,000 |
Connexus Credit Union's average total fees were $3,851, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 379 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 187 | $21,065,000 | $112,647 |
| 5-6% | 82 | $5,000,000 | $60,976 |
| 3-4% | 73 | $11,685,000 | $160,068 |
| 6-7% | 37 | $2,385,000 | $64,459 |
| 7-8% | 1 | $15,000 | $15,000 |
During 2018, Connexus Credit Union's average interest rate for loans was 4.03%, while their most frequently originated rate bucket for loans was 4-5%, with 187 originations.
Loan Sizing
2018 saw Connexus Credit Union place emphasis on $100,000 or less loans with 271 originations, totaling $13,065,000 in origination value.
Applicant Income
Connexus Credit Union lent most frequently to those with incomes in the $100k-150k range, with 96 originations. The second most popular income band? $150k-250k, with 83 originations.
Applicant Debt to Income Ratio
Connexus Credit Union lent most frequently to those with DTI ratios of 20-30%, with 128 originations. The next most common DTI ratio? 30-36%, with 101 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications58.76%
Connexus Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination74.21%
Connexus Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 380 | $40,150,000 | $105,658 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $115,000 | $115,000 |
| Single Family (1-4 Units):Site-Built | 379 | $40,035,000 | $105,633 |