University Of Wisconsin Credit Union Mortgage Rates, Fees & InfoMadison, WI
Tax ID: 39-0671465
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewUniversity Of Wisconsin Credit Union is a small credit union specializing in Refi and Home Purchase loans. University Of Wisconsin Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Madison, Milwaukee, Janesville, Baraboo, and Watertown among others. We have data for 39 markets. (Some data included below & more in-depth data is available with an active subscription.)
University Of Wisconsin 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. University Of Wisconsin 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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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||3.67%||4/2/23|
|30 Year Conventional Purchase||6.06%||4/2/23|
|30 Year Conventional Refi||6.07%||4/2/23|
|30 Year Cash-out Refi||6.07%||4/2/23|
|30 Year FHA Purchase||7.26%||4/2/23|
|30 Year VA Purchase||6.88%||4/2/23|
|15 Year Conventional Purchase||5.80%||4/2/23|
|15 Year Conventional Refi||5.75%||4/2/23|
|15 Year Cash-out Refi||5.75%||4/2/23|
|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.|
University Of Wisconsin Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$1,498,160,000
University Of Wisconsin Credit Union's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.45%.
Relative Fees (Closing Costs)
University Of Wisconsin Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,915.
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 $4,750.
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|
|MADISON, WI (FHA|USDA|VA)||5,817||$843,085,000||$144,935||$2,678||2.55%|
|MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA)||3,087||$407,935,000||$132,146||$2,618||2.84%|
|Outside of Metro Areas||254||$34,700,000||$136,614||$2,796||3.25%|
|JANESVILLE-BELOIT, WI (FHA|USDA|VA)||272||$33,800,000||$124,265||$2,621||3.15%|
|Baraboo, WI (FHA|USDA|VA)||137||$18,915,000||$138,066||$2,846||3.10%|
|Watertown-Fort Atkinson, WI (FHA|USDA|VA)||141||$18,895,000||$134,007||$2,493||3.08%|
|Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA)||101||$17,755,000||$175,792||$5,083||3.04%|
|Stevens Point, WI (FHA|USDA|VA)||135||$14,815,000||$109,741||$2,360||2.90%|
|RACINE, WI (FHA|USDA|VA)||109||$13,255,000||$121,606||$2,780||2.84%|
|GREEN BAY, WI (FHA|USDA|VA)||106||$12,810,000||$120,849||$2,792||2.81%|
|Whitewater, WI (FHA|USDA|VA)||85||$11,825,000||$139,118||$2,957||2.31%|
|OSHKOSH-NEENAH, WI (FHA|USDA|VA)||81||$9,025,000||$111,420||$2,659||3.27%|
|Beaver Dam, WI (FHA|USDA|VA)||79||$8,375,000||$106,013||$2,732||3.21%|
|MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA)||35||$7,585,000||$216,714||$2,860||3.45%|
|WAUSAU-WESTON, WI (FHA|USDA|VA)||45||$7,365,000||$163,667||$2,596||3.29%|
|APPLETON, WI (FHA|USDA|VA)||59||$6,715,000||$113,814||$2,156||3.19%|
|LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA)||41||$5,335,000||$130,122||$2,945||3.11%|
|SHEBOYGAN, WI (FHA|USDA|VA)||31||$4,635,000||$149,516||$2,570||2.87%|
|FOND DU LAC, WI (FHA|USDA|VA)||38||$4,550,000||$119,737||$2,852||2.97%|
|EAU CLAIRE, WI (FHA|USDA|VA)||29||$4,325,000||$149,138||$2,142||3.15%|
|Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA)||28||$2,900,000||$103,571||$2,178||3.01%|
|Platteville, WI (FHA|USDA|VA)||15||$1,625,000||$108,333||$2,306||3.39%|
|Manitowoc, WI (FHA|USDA|VA)||13||$1,495,000||$115,000||$2,983||3.69%|
|Marinette, WI-MI (FHA|USDA|VA)||9||$1,175,000||$130,556||$2,404||3.75%|
|ROCKFORD, IL (FHA|USDA|VA)||5||$1,155,000||$231,000||$3,353||3.67%|
|DULUTH, MN-WI (FHA|USDA|VA)||5||$665,000||$133,000||$3,045||2.67%|
|Shawano, WI (FHA|USDA|VA)||5||$575,000||$115,000||$0||3.04%|
|Menomonie, WI (FHA|USDA|VA)||4||$520,000||$130,000||$2,368||3.18%|
|Faribault-Northfield, MN (FHA|USDA|VA)||2||$440,000||$220,000||$2,428||2.31%|
|ROCHESTER, MN (FHA|USDA|VA)||1||$365,000||$365,000||$2,706||4.38%|
|Iron Mountain, MI-WI (FHA|USDA|VA)||2||$260,000||$130,000||$1,668||2.75%|
|Freeport, IL (FHA|USDA|VA)||2||$220,000||$110,000||$4,148||4.75%|
|Rochelle, IL (FHA|USDA|VA)||1||$215,000||$215,000||$5,386||4.50%|
|Fergus Falls, MN (FHA|USDA|VA)||1||$205,000||$205,000||$2,515||3.88%|
|Winona, MN (FHA|USDA|VA)||1||$185,000||$185,000||$3,223||5.00%|
|MANKATO, MN (FHA|USDA|VA)||1||$155,000||$155,000||$3,123||3.38%|
|Ottawa, IL (FHA|USDA|VA)||1||$155,000||$155,000||$2,630||4.63%|
|PEORIA, IL (FHA|USDA|VA)||1||$75,000||$75,000||$1,789||4.75%|
|SPRINGFIELD, IL (FHA|USDA|VA)||1||$75,000||$75,000||$0||2.99%|
We use machine learning to identify the top lenders compared against University of Wisconsin Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 30
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, University Of Wisconsin Credit Union's most frequently originated type of loan was HELOC, with 7,324 originations. Their 2nd most popular type was Conventional, with 3,445 originations.
For 2022, University Of Wisconsin Credit Union's most frequently cited loan purpose was Refi, with 3,159 originations. The 2nd most popular reason was Home Improvement, with 2,927 originations.
For 2022, University Of Wisconsin Credit Union's most frequently cited loan duration was 5 Year, with 7,332 originations. The 2nd most popular length was 30 Year, with 2,805 originations.
Origination Fees/Closing Costs
University Of Wisconsin Credit Union's average total fees were $2,915, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,232 originations.
During 2022, University Of Wisconsin Credit Union's average interest rate for loans was 4.31%, while their most frequently originated rate bucket for loans was <2.5%, with 5,400 originations.
2022 saw University Of Wisconsin Credit Union place emphasis on $100,000 or less loans with 5,369 originations, totaling $276,855,000 in origination value.
University Of Wisconsin Credit Union lent most frequently to those with incomes in the $100k-150k range, with 3,040 originations. The second most popular income band? $150k-250k, with 2,713 originations.
Applicant Debt to Income Ratio
University Of Wisconsin Credit Union lent most frequently to those with DTI ratios of 20-30%, with 3,629 originations. The next most common DTI ratio? <20%, with 2,312 originations.
Approval RatesTotal approvals of all applications
University Of Wisconsin Credit Union has an average approval rate.
Pick RateApprovals leading to origination
University Of Wisconsin Credit Union has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
Occupancy Type Mix
|Dwelling Type||Originations||Total Value||Average Loan|