Wnb Financial N.a. Mortgage Rates, Fees & Info

Winona, MN

LEI: 25490099UNYWX2PZ4J91

Tax ID: 41-0616710

5 stars - Updated: 10/13/24 - out of 5 stars, based on 14 reviews

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

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Mortgage Data

Review & Overview

Wnb Financial N.a. is a smaller mortgage company specializing in Home Purchase and Refi loans. Wnb Financial N.a. has a high proportion of conventional loans. Their top markets by origination volume include: La Crosse, Winona, Eau Claire, Rochester, and Minneapolis among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

Wnb Financial N.a. has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Wnb Financial N.a. 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 relatively high 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.64% 10/13/24
30 Year Conventional Refi 6.79% 10/13/24
30 Year Cash-out Refi 6.76% 10/13/24
15 Year Conventional Purchase 5.75% 10/13/24
15 Year Conventional Refi 5.76% 10/13/24
15 Year Cash-out Refi 5.76% 10/13/24
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.

Wnb Financial N.a. Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Wnb Financial N.a.. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

204

Origination Dollar Volume (All Markets)

$47,610,000

Relative Rate

Wnb Financial N.a.'s average 30 year fixed mortgage rate was 6.94%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.46%.

Relative Fees (Closing Costs)

Wnb Financial N.a.'s average total fees/closing costs for a 30 year fixed rate mortgage were $4,446.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 56 $13,890,000 $248,036 $3,367 6.61%
Winona, MN (FHA|USDA|VA) 64 $13,300,000 $207,813 $3,210 6.85%
EAU CLAIRE, WI (FHA|USDA|VA) 17 $7,835,000 $460,882 $3,643 7.24%
Outside of Metro Areas 29 $5,565,000 $191,897 $2,879 6.73%
ROCHESTER, MN (FHA|USDA|VA) 21 $2,365,000 $112,619 $2,489 7.32%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 4 $1,670,000 $417,500 $6,509 6.18%
Menomonie, WI (FHA|USDA|VA) 3 $785,000 $261,667 $2,993 6.33%
Red Wing, MN (FHA|USDA|VA) 1 $385,000 $385,000 $6,424 7.38%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $365,000 $365,000 $7,639 7.13%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $295,000 $295,000 $6,026 6.13%
Baraboo, WI (FHA|USDA|VA) 1 $285,000 $285,000 $0 7.93%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $255,000 $255,000 $6,295 5.80%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $245,000 $245,000 $4,692 5.07%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $135,000 $135,000 $5,452 7.50%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $105,000 $105,000 $3,644 6.38%
WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.81%
Iron Mountain, MI-WI (FHA|USDA|VA) 1 $45,000 $45,000 $842 7.29%
Wnb Financial N.a.'s top markets include La Crosse, Winona, Eau Claire, Rochester, and Minneapolis among others.

Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against WNB Financial N.A. 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 204 $47,610,000 $233,382 $3,337 6.83%

    For 2023, Wnb Financial N.a.'s most frequently originated type of loan was Conventional, with 204 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 128 $34,620,000 $270,469 $4,055 6.60%
    Refi 53 $10,665,000 $201,226 $2,499 7.02%
    Other 13 $985,000 $75,769 $1,458 7.91%
    Home Improvement 6 $680,000 $113,333 $823 7.03%
    Cash Out Refi 4 $660,000 $165,000 $3,227 7.69%

    For 2023, Wnb Financial N.a.'s most frequently cited loan purpose was Home Purchase, with 128 originations. The 2nd most popular reason was Refi, with 53 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 71 $16,805,000 $236,690 $4,446 6.94%
    Other 55 $7,585,000 $137,909 $2,217 6.95%
    5 Year 45 $16,325,000 $362,778 $6,410 6.60%
    1 Year 19 $4,865,000 $256,053 $2,146 6.52%
    10 Year 7 $935,000 $133,571 $2,129 7.42%
    15 Year 7 $1,095,000 $156,429 $2,924 6.45%

    For 2023, Wnb Financial N.a.'s most frequently cited loan duration was 30 Year, with 71 originations. The 2nd most popular length was Other, with 55 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 46 $7,000,000 $152,174
    $<1k 45 $5,535,000 $123,000
    $2k-3k 28 $6,890,000 $246,071
    $3k-4k 21 $6,415,000 $305,476
    $4k-5k 7 $2,745,000 $392,143
    $5k+ 3 $1,915,000 $638,333

    Wnb Financial N.a.'s average total fees were $4,446, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 46 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 70 $18,120,000 $258,857
    7-8% 70 $15,280,000 $218,286
    5-6% 38 $10,600,000 $278,947
    Over 8% 20 $2,310,000 $115,500
    4-5% 6 $1,300,000 $216,667

    During 2023, Wnb Financial N.a.'s average interest rate for loans was 6.94%, while their most frequently originated rate bucket for loans was 6-7%, with 70 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 70 $19,290,000 $275,571 $4,246 6.70%
    $100k-200k 66 $9,820,000 $148,788 $3,015 6.78%
    $100,000 or less 46 $2,660,000 $57,826 $1,419 7.34%
    $400k-600k 16 $7,350,000 $459,375 $5,168 6.18%
    $1MM+ 4 $7,000,000 $1,750,000 $0 6.55%
    $600k-1MM 2 $1,490,000 $745,000 $12,937 6.69%

    2023 saw Wnb Financial N.a. place emphasis on $200k-400k loans with 70 originations, totaling $19,290,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 39 $6,025,000 $154,487 $3,060 6.80%
    $100k-150k 36 $7,680,000 $213,333 $3,447 6.88%
    $75k-100k 33 $6,385,000 $193,485 $3,204 7.03%
    $50k or less 23 $2,745,000 $119,348 $2,477 6.52%
    $150k-250k 22 $6,290,000 $285,909 $4,043 7.10%
    $250k+ 6 $2,260,000 $376,667 $6,166 6.09%

    Wnb Financial N.a. lent most frequently to those with incomes in the $50k-75k range, with 39 originations. The second most popular income band? $100k-150k, with 36 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 27 $4,195,000 $155,370 $2,630 6.66%
    30-36% 20 $5,290,000 $264,500 $3,518 6.55%
    39% 10 $1,900,000 $190,000 $4,105 7.34%
    41% 9 $1,185,000 $131,667 $3,487 7.16%
    42% 9 $1,995,000 $221,667 $4,193 6.75%
    38% 8 $1,510,000 $188,750 $2,802 7.11%
    50-60% 8 $1,950,000 $243,750 $3,876 6.99%
    45% 7 $1,305,000 $186,429 $3,235 6.96%
    >60% 6 $1,460,000 $243,333 $2,913 7.08%
    43% 6 $1,470,000 $245,000 $3,305 6.65%
    44% 6 $1,200,000 $200,000 $3,063 6.13%
    47% 6 $1,140,000 $190,000 $3,394 6.95%
    <20% 5 $1,115,000 $223,000 $3,780 6.84%
    49% 5 $1,305,000 $261,000 $4,458 7.37%
    36% 4 $890,000 $222,500 $4,938 6.83%
    46% 4 $730,000 $182,500 $3,301 6.72%
    37% 4 $720,000 $180,000 $1,600 6.66%
    40% 4 $610,000 $152,500 $3,080 7.04%
    48% 3 $645,000 $215,000 $2,449 5.90%

    Wnb Financial N.a. lent most frequently to those with DTI ratios of 20-30%, with 27 originations. The next most common DTI ratio? 30-36%, with 20 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 150 $31,820,000 $212,133 $3,341 6.88%
    Not applicable 33 $11,165,000 $338,333 $0 6.82%
    Not provided 18 $3,340,000 $185,556 $2,904 6.52%
    Asian 2 $770,000 $385,000 $5,764 6.50%
    Black 1 $515,000 $515,000 $8,259 5.80%

    Approval Rates

    Total approvals of all applications
    94.14%

    Wnb Financial N.a. has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.20%

    Wnb Financial N.a. has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 204 $47,610,000 $233,382

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    204 $47,610,000 $233,382

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 38 $4,130,000 $108,684 $2,157 6.95%
    40-60% 24 $6,440,000 $268,333 $3,690 6.54%
    60-80% 55 $14,045,000 $255,364 $4,312 6.69%
    80-100% 63 $20,475,000 $325,000 $3,913 6.70%
    Under 20% 24 $2,520,000 $105,000 $1,088 7.55%