University Of Wisconsin Credit Union Mortgage Rates, Fees & Info

Madison, WI

LEI: 254900CN1DD55MJDFH69

Tax ID: 39-0671465

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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

    University Of Wisconsin Credit Union is a smaller credit union specializing in 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, Watertown, and Green Bay among others. We have data for 27 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.

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

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 3.67% 11/21/24
    30 Year Conventional Purchase 6.06% 11/21/24
    30 Year Conventional Refi 6.07% 11/21/24
    30 Year Cash-out Refi 6.07% 11/21/24
    30 Year FHA Purchase 7.26% 11/21/24
    30 Year VA Purchase 6.88% 11/21/24
    15 Year Conventional Purchase 5.80% 11/21/24
    15 Year Conventional Refi 5.75% 11/21/24
    15 Year Cash-out Refi 5.75% 11/21/24
    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.

    University Of Wisconsin Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from University Of Wisconsin 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

    7,509

    Origination Dollar Volume (All Markets)

    $891,195,000
    Show all (19) awards

    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
    MADISON, WI (FHA|USDA|VA) 4,698 $582,710,000 $124,034 $2,336 3.24%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1,811 $203,865,000 $112,570 $2,222 3.40%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 155 $16,125,000 $104,032 $2,393 3.60%
    Outside of Metro Areas 119 $12,955,000 $108,866 $2,054 3.32%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 93 $11,395,000 $122,527 $2,565 3.58%
    GREEN BAY, WI (FHA|USDA|VA) 83 $9,195,000 $110,783 $1,797 3.23%
    Stevens Point, WI (FHA|USDA|VA) 114 $8,310,000 $72,895 $1,922 3.24%
    Baraboo, WI (FHA|USDA|VA) 80 $8,200,000 $102,500 $2,303 3.50%
    Whitewater, WI (FHA|USDA|VA) 57 $6,095,000 $106,930 $2,288 3.23%
    RACINE, WI (FHA|USDA|VA) 47 $4,845,000 $103,085 $1,856 3.53%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 39 $3,925,000 $100,641 $2,241 3.42%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 23 $3,545,000 $154,130 $2,321 3.83%
    FOND DU LAC, WI (FHA|USDA|VA) 25 $3,175,000 $127,000 $2,192 3.89%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 18 $2,840,000 $157,778 $2,006 3.21%
    Beaver Dam, WI (FHA|USDA|VA) 31 $2,835,000 $91,452 $1,564 3.21%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 25 $2,775,000 $111,000 $1,995 3.62%
    APPLETON, WI (FHA|USDA|VA) 25 $2,705,000 $108,200 $2,347 3.92%
    SHEBOYGAN, WI (FHA|USDA|VA) 17 $1,195,000 $70,294 $3,492 3.85%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 14 $840,000 $60,000 $1,578 3.35%
    Platteville, WI (FHA|USDA|VA) 6 $760,000 $126,667 $1,484 3.39%
    EAU CLAIRE, WI (FHA|USDA|VA) 8 $720,000 $90,000 $1,980 3.51%
    Marinette, WI-MI (FHA|USDA|VA) 5 $575,000 $115,000 $1,686 3.69%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 6 $390,000 $65,000 $2,624 4.10%
    Shawano, WI (FHA|USDA|VA) 2 $380,000 $190,000 $1,675 3.88%
    Manitowoc, WI (FHA|USDA|VA) 4 $310,000 $77,500 $1,855 2.90%
    Menomonie, WI (FHA|USDA|VA) 2 $280,000 $140,000 $669 2.87%
    DULUTH, MN-WI (FHA|USDA|VA) 2 $250,000 $125,000 $1,069 2.87%
    University Of Wisconsin Credit Union's top markets include Madison, Milwaukee, Janesville, Watertown, and Green Bay among others.

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

    • Similar Lenders

    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.

    AppleTree Credit Union
    Similarity Rank: 10
    NORTHWESTERN MUTUAL
    Similarity Rank: 12
    Bank of Milton
    Similarity Rank: 25
    UNISON CREDIT UNION
    Similarity Rank: 28
    UNITED
    Similarity Rank: 28
    Prevail Bank
    Similarity Rank: 45
    UNITEDONE Credit Union
    Similarity Rank: 48
    First Community Credit Union
    Similarity Rank: 63
    Firefighters Credit Union
    Similarity Rank: 64
    PCM
    Similarity Rank: 66

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 4,451 $273,675,000 $61,486 n/a 2.76%
    Conventional 3,024 $610,680,000 $201,944 $2,241 4.11%
    FHA 20 $3,460,000 $173,000 $6,343 4.53%
    VA 14 $3,380,000 $241,429 $5,096 4.49%

    For 2018, University Of Wisconsin Credit Union's most frequently originated type of loan was HELOC, with 4,451 originations. Their 2nd most popular type was Conventional, with 3,024 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,252 $486,730,000 $216,132 $2,685 4.25%
    Home Improvement 2,080 $112,930,000 $54,293 $45 2.76%
    Refi 1,646 $163,760,000 $99,490 $1,117 2.79%
    Other 1,187 $66,075,000 $55,666 $57 3.11%
    Cash Out Refi 344 $61,700,000 $179,360 $1,389 3.65%

    For 2018, University Of Wisconsin Credit Union's most frequently cited loan purpose was Home Purchase, with 2,252 originations. The 2nd most popular reason was Home Improvement, with 2,080 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 4,480 $274,500,000 $61,272 $60 2.76%
    30 Year 2,361 $517,695,000 $219,269 $2,661 4.23%
    Other 341 $46,125,000 $135,264 $175 3.18%
    15 Year 226 $40,030,000 $177,124 $2,007 4.13%
    20 Year 56 $9,930,000 $177,321 $2,714 4.26%
    10 Year 45 $2,915,000 $64,778 $541 4.86%

    For 2018, University Of Wisconsin Credit Union's most frequently cited loan duration was 5 Year, with 4,480 originations. The 2nd most popular length was 30 Year, with 2,361 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,252 $427,120,000 $189,663
    $1k-2k 555 $128,045,000 $230,712
    $2k-3k 146 $35,360,000 $242,192
    $3k-4k 61 $15,365,000 $251,885
    $4k-5k 28 $7,590,000 $271,071
    $5k+ 12 $3,400,000 $283,333

    University Of Wisconsin Credit Union's average total fees were $2,661, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,252 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 2,521 $186,035,000 $73,794
    4-5% 1,833 $347,915,000 $189,806
    2.5-3% 1,507 $87,395,000 $57,993
    3-4% 1,283 $256,405,000 $199,848
    5-6% 325 $12,185,000 $37,492
    7-8% 25 $655,000 $26,200
    6-7% 10 $490,000 $49,000
    Over 8% 5 $115,000 $23,000

    During 2018, University Of Wisconsin Credit Union's average interest rate for loans was 4.23%, while their most frequently originated rate bucket for loans was <2.5%, with 2,521 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 4,086 $189,520,000 $46,383 $1,064 2.97%
    $100k-200k 1,858 $269,230,000 $144,903 $2,037 3.45%
    $200k-400k 1,440 $373,230,000 $259,188 $2,783 4.02%
    $400k-600k 115 $52,245,000 $454,304 $3,037 3.92%
    $600k-1MM 10 $6,970,000 $697,000 $2,920 3.80%

    2018 saw University Of Wisconsin Credit Union place emphasis on $100,000 or less loans with 4,086 originations, totaling $189,520,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 2,146 $249,480,000 $116,253 $2,407 3.28%
    $50k-75k 1,548 $184,030,000 $118,882 $2,165 3.55%
    $75k-100k 1,358 $164,020,000 $120,781 $2,407 3.43%
    $150k-250k 1,347 $172,845,000 $128,318 $2,379 3.05%
    $50k or less 707 $61,715,000 $87,291 $1,963 3.32%
    $250k+ 310 $49,470,000 $159,581 $2,467 2.84%

    University Of Wisconsin Credit Union lent most frequently to those with incomes in the $100k-150k range, with 2,146 originations. The second most popular income band? $50k-75k, with 1,548 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 2,448 $257,490,000 $105,184 $2,251 3.19%
    30-36% 1,381 $177,515,000 $128,541 $2,308 3.45%
    <20% 1,325 $122,865,000 $92,728 $2,097 2.71%
    38% 220 $30,890,000 $140,409 $2,440 3.69%
    36% 217 $28,085,000 $129,424 $2,326 3.60%
    37% 215 $28,825,000 $134,070 $2,253 3.60%
    42% 204 $27,050,000 $132,598 $2,052 3.81%
    39% 194 $27,120,000 $139,794 $2,291 3.53%
    40% 184 $23,960,000 $130,217 $2,287 3.76%
    41% 179 $25,015,000 $139,749 $2,374 3.76%
    45% 158 $22,640,000 $143,291 $2,430 3.77%
    44% 154 $24,330,000 $157,987 $2,281 3.79%
    43% 152 $23,080,000 $151,842 $2,524 3.73%
    48% 100 $16,840,000 $168,400 $2,504 3.80%
    46% 99 $15,345,000 $155,000 $2,603 3.72%
    47% 86 $12,920,000 $150,233 $2,219 3.86%
    50-60% 85 $9,985,000 $117,471 $2,129 2.98%
    49% 75 $13,195,000 $175,933 $2,148 3.89%
    >60% 30 $3,960,000 $132,000 $1,602 3.10%

    University Of Wisconsin Credit Union lent most frequently to those with DTI ratios of 20-30%, with 2,448 originations. The next most common DTI ratio? 30-36%, with 1,381 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 6,160 $726,050,000 $117,865 $2,261 3.30%
    Not provided 898 $107,520,000 $119,733 $2,341 3.28%
    Asian 246 $36,620,000 $148,862 $2,431 3.38%
    Black 137 $12,215,000 $89,161 $2,537 3.42%
    American Indian 43 $5,295,000 $123,140 $2,057 3.79%
    Asian Indian 4 $1,300,000 $325,000 $2,098 3.22%
    Native Hawaiian or Islander 13 $1,185,000 $91,154 $2,165 3.43%
    Other Asian 3 $645,000 $215,000 $4,789 3.66%
    Not applicable 3 $155,000 $51,667 $0 5.32%
    Other Pacific Islander 1 $105,000 $105,000 $2,051 3.63%
    Chinese 1 $105,000 $105,000 $0 1.99%

    Approval Rates

    Total approvals of all applications
    91.06%

    University Of Wisconsin Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.17%

    University Of Wisconsin Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 7,509 $891,195,000 $118,684

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 3 $455,000 $151,667
    Single Family (1-4 Units):Site-Built 7,506 $890,740,000 $118,670

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,652 $128,860,000 $78,002 $863 2.66%
    40-60% 570 $82,020,000 $143,895 $1,250 2.95%
    60-80% 1,109 $224,605,000 $202,529 $2,303 3.68%
    80-100% 1,662 $361,860,000 $217,726 $2,666 4.22%
    Over 100% 5 $1,135,000 $227,000 $7,089 4.48%
    Under 20% 2,511 $92,715,000 $36,924 $154 3.04%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    University Lending Group, LLC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%