Covantage Credit Union Mortgage Rates, Fees & Info
Antigo, WILEI: 254900CIEUZUO7CHPG88
Tax ID: 39-0945701
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Covantage Credit Union is a smaller credit union specializing in Refi, Cash Out Refi, and Home Purchase loans. Covantage Credit Union has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Wausau, Shawano, Green Bay, Stevens Point, and Appleton among others. We have data for 40 markets. (Some data included below & more in-depth data is available with an active subscription.)Covantage Credit Union 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. Covantage 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.
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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/18/24 |
| 30 Year Conventional Purchase | 7.02% | 4/18/24 |
| 30 Year Conventional Refi | 6.72% | 4/18/24 |
| 30 Year Cash-out Refi | 7.10% | 4/18/24 |
| 30 Year USDA Purchase | 7.25% | 4/18/24 |
| 15 Year Conventional Purchase | 6.23% | 4/18/24 |
| 15 Year Conventional Refi | 5.99% | 4/18/24 |
| 15 Year Cash-out Refi | 5.99% | 4/18/24 |
| 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. | ||
Covantage Credit Union Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Covantage Credit Union. 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
5,274Origination Dollar Volume (All Markets)
$675,100,000Awards
CoVantage Credit Union - 2021
CoVantage Credit Union is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
Work for CoVantage Credit Union?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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 |
|---|---|---|---|---|---|
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1,667 | $223,805,000 | $134,256 | $2,019 | 3.10% |
| Outside of Metro Areas | 1,603 | $177,795,000 | $110,914 | $2,005 | 3.12% |
| Shawano, WI (FHA|USDA|VA) | 695 | $79,045,000 | $113,734 | $2,088 | 3.10% |
| GREEN BAY, WI (FHA|USDA|VA) | 375 | $55,005,000 | $146,680 | $2,143 | 3.15% |
| Stevens Point, WI (FHA|USDA|VA) | 328 | $48,190,000 | $146,921 | $1,930 | 3.18% |
| APPLETON, WI (FHA|USDA|VA) | 167 | $27,785,000 | $166,377 | $2,280 | 3.12% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 85 | $13,295,000 | $156,412 | $2,001 | 3.23% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 93 | $11,355,000 | $122,097 | $2,306 | 3.02% |
| Marinette, WI-MI (FHA|USDA|VA) | 95 | $9,205,000 | $96,895 | $2,004 | 3.12% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 41 | $8,295,000 | $202,317 | $2,196 | 3.22% |
| Iron Mountain, MI-WI (FHA|USDA|VA) | 41 | $4,675,000 | $114,024 | $2,294 | 3.22% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $3,270,000 | $817,500 | $6,389 | 3.05% |
| Manitowoc, WI (FHA|USDA|VA) | 17 | $2,395,000 | $140,882 | $2,477 | 3.28% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 5 | $1,785,000 | $357,000 | $3,414 | 3.07% |
| MADISON, WI (FHA|USDA|VA) | 6 | $1,540,000 | $256,667 | $3,228 | 2.92% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $2,712 | 3.06% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $3,033 | 3.04% |
| FOND DU LAC, WI (FHA|USDA|VA) | 5 | $555,000 | $111,000 | $2,866 | 2.85% |
| Beaver Dam, WI (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $2,642 | 3.00% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 5 | $505,000 | $101,000 | $2,230 | 2.97% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $2,621 | 2.88% |
| Traverse City, MI (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $4,233 | 3.56% |
| Escanaba, MI (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $3,312 | 3.16% |
| Menomonie, WI (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $2,356 | 3.58% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $1,254 | 3.17% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,831 | 2.50% |
| Houghton, MI (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $1,707 | 3.21% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,508 | 3.00% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,765 | 2.50% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 2.64% |
| Grand Rapids, MN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 3.95% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,534 | 3.38% |
| OCALA, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,006 | 3.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $2,172 | 3.19% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,717 | 2.25% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,939 | 2.75% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,149 | 3.50% |
| RACINE, WI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,179 | 2.88% |
| Marquette, MI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,741 | 2.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against CoVantage Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 60
Similarity Rank: 88
Similarity Rank: 140
Similarity Rank: 264
Similarity Rank: 368
Similarity Rank: 420
Similarity Rank: 420
Similarity Rank: 450
Similarity Rank: 456
Similarity Rank: 484
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 4,544 | $641,750,000 | $141,230 | $2,043 | 2.93% |
| HELOC | 700 | $29,920,000 | $42,743 | n/a | 4.32% |
| USDA | 30 | $3,430,000 | $114,333 | $3,891 | 2.91% |
For 2021, Covantage Credit Union's most frequently originated type of loan was Conventional, with 4,544 originations. Their 2nd most popular type was HELOC, with 700 originations.
Loan Reason
For 2021, Covantage Credit Union's most frequently cited loan purpose was Refi, with 2,015 originations. The 2nd most popular reason was Cash Out Refi, with 1,617 originations.
Loan Duration/Length
For 2021, Covantage Credit Union's most frequently cited loan duration was 30 Year, with 2,164 originations. The 2nd most popular length was Other, with 894 originations.
Origination Fees/Closing Costs
Covantage Credit Union's average total fees were $2,389, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 4,187 originations.
Interest Rates
During 2021, Covantage Credit Union's average interest rate for loans was 3.11%, while their most frequently originated rate bucket for loans was 3-4%, with 2,012 originations.
Loan Sizing
2021 saw Covantage Credit Union place emphasis on $100,000 or less loans with 2,316 originations, totaling $136,300,000 in origination value.
Applicant Income
Covantage Credit Union lent most frequently to those with incomes in the $50k or less range, with 1,522 originations. The second most popular income band? $50k-75k, with 1,288 originations.
Applicant Debt to Income Ratio
Covantage Credit Union lent most frequently to those with DTI ratios of 20-30%, with 1,398 originations. The next most common DTI ratio? 30-36%, with 944 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.48%
Covantage Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination80.87%
Covantage Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 689 | $28,655,000 | $41,589 |
| 2643.0 | 1 | $195,000 | $195,000 |
| NA | 4,584 | $646,250,000 | $140,979 |